Copper 360 (JSE:CPR) Days Inventory : 36.86 (As of Aug. 2023)

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What is Copper 360 Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Copper 360's Average Total Inventories for the six months ended in Aug. 2023 was R6.27 Mil. Copper 360's Cost of Goods Sold for the six months ended in Aug. 2023 was R31.03 Mil. Hence, Copper 360's Days Inventory for the six months ended in Aug. 2023 was 36.86.

The historical rank and industry rank for Copper 360's Days Inventory or its related term are showing as below:

JSE:CPR' s Days Inventory Range Over the Past 10 Years
Min: 73.73 Med: 86.53 Max: 86.53
Current: 73.73

During the past 1 years, Copper 360's highest Days Inventory was 86.53. The lowest was 73.73. And the median was 86.53.

JSE:CPR's Days Inventory is ranked better than
58.91% of 662 companies
in the Metals & Mining industry
Industry Median: 88.105 vs JSE:CPR: 73.73

Copper 360's Days Inventory increased from Feb. 2022 (0.00) to Aug. 2023 (36.86). It might indicate that Copper 360's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Copper 360's Inventory Turnover for the six months ended in Aug. 2023 was 4.95.

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. Copper 360's Inventory-to-Revenue for the six months ended in Aug. 2023 was 0.32.

Copper 360 Days Inventory Historical Data

The historical data trend for Copper 360'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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Copper 360 Days Inventory Chart

Copper 360 Annual Data

Trend

Feb22

Days Inventory

86.53

Copper 360 Semi-Annual Data
	Feb22	Aug22	Aug23
Days Inventory	-	-	36.86

Competitive Comparison of Copper 360's Days Inventory

For the Copper subindustry, Copper 360'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.

Copper 360's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Copper 360's Days Inventory distribution charts can be found below:

* The bar in red indicates where Copper 360's Days Inventory falls into.

Copper 360 Days Inventory Calculation

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

Copper 360's Days Inventory for the fiscal year that ended in Feb. 2022 is calculated as

	Days Inventory (A: Feb. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: . 20 )	+	Total Inventories (A: Feb. 2022 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2022 )	*	Days in Period
=	( (	+	5.262)	/	1 )	/	22.196	*	365
=	5.262					/	22.196	*	365
=	86.53

Copper 360's Days Inventory for the quarter that ended in Aug. 2023 is calculated as:

	Days Inventory (Q: Aug. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Aug. 2022 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (0	+	6.267)	/	1 )	/	31.026	*	365 / 2
=	6.267					/	31.026	*	365 / 2
=	36.86

Copper 360 (JSE:CPR) 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.

Copper 360's Inventory Turnover for the six months ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	31.026	/	6.267
	=	4.95

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.

Copper 360's Inventory to Revenue for the six months ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.267	/	19.347
	=	0.32

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.

Copper 360 Days Inventory Related Terms

Thank you for viewing the detailed overview of Copper 360's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Copper 360 (JSE:CPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper 360 Ltd (JSE:CPR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Main Road, Nababeep, Nababeep, NC, ZAF, 8265

Website

https://www.copper360.co.za

Copper 360 Ltd is focused on processing historically mined copper rock dumps through a process of environmental clean-up, and mining surface and shallow copper resources. The group's operations are based in the Northern Cape province of South Africa.

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