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Inter-Rock Minerals (Inter-Rock Minerals) Days Inventory : 8.26 (As of Dec. 2023)


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What is Inter-Rock Minerals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Inter-Rock Minerals's Average Total Inventories for the three months ended in Dec. 2023 was $2.03 Mil. Inter-Rock Minerals's Cost of Goods Sold for the three months ended in Dec. 2023 was $22.37 Mil. Hence, Inter-Rock Minerals's Days Inventory for the three months ended in Dec. 2023 was 8.26.

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

IRCKF' s Days Inventory Range Over the Past 10 Years
Min: 9.19   Med: 12.79   Max: 23.05
Current: 10.08

During the past 13 years, Inter-Rock Minerals's highest Days Inventory was 23.05. The lowest was 9.19. And the median was 12.79.

IRCKF's Days Inventory is ranked better than
98.15% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 82.33 vs IRCKF: 10.08

Inter-Rock Minerals's Days Inventory declined from Dec. 2022 (15.36) to Dec. 2023 (8.26).

Inventory Turnover measures how fast the company turns over its inventory within a year. Inter-Rock Minerals's Inventory Turnover for the three months ended in Dec. 2023 was 11.05.

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. Inter-Rock Minerals's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.08.


Inter-Rock Minerals Days Inventory Historical Data

The historical data trend for Inter-Rock 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.

* Premium members only.

Inter-Rock Minerals Days Inventory Chart

Inter-Rock Minerals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.59 20.06 13.58 10.05 10.30

Inter-Rock Minerals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.36 11.36 10.46 10.21 8.26

Competitive Comparison of Inter-Rock Minerals's Days Inventory

For the Packaged Foods subindustry, Inter-Rock 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.


Inter-Rock Minerals's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Inter-Rock Minerals's Days Inventory distribution charts can be found below:

* The bar in red indicates where Inter-Rock Minerals's Days Inventory falls into.



Inter-Rock Minerals Days Inventory Calculation

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

Inter-Rock Minerals's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (2.59 + 1.904) / 2 ) / 79.593*365
=2.247 / 79.593*365
=10.30

Inter-Rock Minerals's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (2.147 + 1.904) / 2 ) / 22.373*365 / 4
=2.0255 / 22.373*365 / 4
=8.26

* 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.


Inter-Rock Minerals  (OTCPK:IRCKF) 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.

Inter-Rock Minerals's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

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.

Inter-Rock Minerals's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

* 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.


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.


Inter-Rock Minerals Days Inventory Related Terms

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


Inter-Rock Minerals (Inter-Rock Minerals) Business Description

Traded in Other Exchanges
Address
500-2 Toronto Street, Suite 500, 12th Floor, Toronto, ON, CAN, M5C 2B6
Inter-Rock Minerals Inc produces and markets dolomite for the animal feed, glass, roofing, and agricultural lime industries in the United States. It also markets and distributes specialty ingredients to the dairy feed industry. It operates through three business units: MIN-AD, Inc., and Papillon Agricultural Company. Its Papillon segment accounts for the majority of the firm's revenue, which is a marketer and distributor of toll-manufactured premium dairy feed nutritional supplements.

Inter-Rock Minerals (Inter-Rock Minerals) Headlines

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