Harvest Minerals (Harvest Minerals) Days Inventory : 205.55 (As of Jun. 2023)

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What is Harvest Minerals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Harvest Minerals's Average Total Inventories for the six months ended in Jun. 2023 was $0.54 Mil. Harvest Minerals's Cost of Goods Sold for the six months ended in Jun. 2023 was $0.48 Mil. Hence, Harvest Minerals's Days Inventory for the six months ended in Jun. 2023 was 205.55.

The historical rank and industry rank for Harvest Minerals's Days Inventory or its related term are showing as below:

HMIFF' s Days Inventory Range Over the Past 10 Years
Min: 16.43 Med: 36.83 Max: 96.67
Current: 96.67

During the past 9 years, Harvest Minerals's highest Days Inventory was 96.67. The lowest was 16.43. And the median was 36.83.

HMIFF's Days Inventory is ranked better than
55.9% of 229 companies
in the Agriculture industry
Industry Median: 110.04 vs HMIFF: 96.67

Harvest Minerals's Days Inventory increased from Jun. 2022 (32.74) to Jun. 2023 (205.55). It might indicate that Harvest Minerals's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Harvest Minerals's Inventory Turnover for the six months ended in Jun. 2023 was 0.89.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Harvest Minerals's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.85.

Harvest Minerals Days Inventory Historical Data

The historical data trend for Harvest Minerals's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Harvest Minerals Days Inventory Chart

Harvest Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Days Inventory

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45.92

51.17

27.36

16.70

Harvest Minerals Semi-Annual Data
	Jun14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial													62.61	52.17	32.74	29.84	205.55

Competitive Comparison of Harvest Minerals's Days Inventory

For the Agricultural Inputs subindustry, Harvest Minerals's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Harvest Minerals's Days Inventory Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Harvest Minerals's Days Inventory distribution charts can be found below:

* The bar in red indicates where Harvest Minerals's Days Inventory falls into.

Harvest Minerals Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Harvest Minerals's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.045	+	0.132)	/	2 )	/	1.934	*	365
=	0.0885					/	1.934	*	365
=	16.70

Harvest Minerals's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.132	+	0.938)	/	2 )	/	0.475	*	365 / 2
=	0.535					/	0.475	*	365 / 2
=	205.55

Harvest Minerals (OTCPK:HMIFF) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Harvest Minerals's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.475	/	0.535
	=	0.89

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Harvest Minerals's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.535	/	0.626
	=	0.85

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Harvest Minerals Days Inventory Related Terms

Thank you for viewing the detailed overview of Harvest Minerals's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Harvest Minerals (Harvest Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Harvest Minerals Ltd (OTCPK:HMIFF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

HMI:UK 7HM:Germany

Address

22 Lindsay Street, Perth, WA, AUS, 6000

Website

https://www.harvestminerals.net

Harvest Minerals Ltd operates as a mineral exploration company in Brazil. It explores phosphate and potash fertilizers. The Group has four principal fertilizer projects - the Sergi Potash Project, the Capela Potash Project, the Arapua Fertilizer Project, and the Mandacaru Phosphate Project. It has two geographical segments: Australia and Brazil, of which the majority of the revenue comes from Brazil.

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