Goldrush Holdings (JSE:GRSP) Days Inventory : 1.72 (As of Sep. 2024)

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What is Goldrush Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Goldrush Holdings's Average Total Inventories for the six months ended in Sep. 2024 was R3.9 Mil. Goldrush Holdings's Cost of Goods Sold for the six months ended in Sep. 2024 was R409.7 Mil. Hence, Goldrush Holdings's Days Inventory for the six months ended in Sep. 2024 was 1.72.

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

JSE:GRSP' s Days Inventory Range Over the Past 10 Years
Min: 0 Med: 0 Max: 3.43
Current: 3.43

During the past 13 years, Goldrush Holdings's highest Days Inventory was 3.43. The lowest was 0.00. And the median was 0.00.

JSE:GRSP's Days Inventory is ranked better than
88.54% of 157 companies
in the Asset Management industry
Industry Median: 75.7 vs JSE:GRSP: 3.43

Goldrush Holdings's Days Inventory increased from Sep. 2023 (0.00) to Sep. 2024 (1.72). It might indicate that Goldrush Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Goldrush Holdings's Inventory Turnover for the six months ended in Sep. 2024 was 106.35.

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. Goldrush Holdings's Inventory-to-Revenue for the six months ended in Sep. 2024 was 0.00.

Goldrush Holdings Days Inventory Historical Data

The historical data trend for Goldrush Holdings'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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Goldrush Holdings Days Inventory Chart

Goldrush Holdings Annual Data

Trend

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Days Inventory

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Goldrush Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	1.72

Competitive Comparison of Goldrush Holdings's Days Inventory

For the Asset Management subindustry, Goldrush Holdings'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.

Goldrush Holdings's Days Inventory Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Goldrush Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Goldrush Holdings's Days Inventory falls into.

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Goldrush Holdings Days Inventory Calculation

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

Goldrush Holdings's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

Goldrush Holdings's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	3.852)	/	1 )	/	409.65	*	365 / 2
=	3.852					/	409.65	*	365 / 2
=	1.72

Goldrush Holdings (JSE:GRSP) 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.

Goldrush Holdings's Inventory Turnover for the six months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	409.65	/	3.852
	=	106.35

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.

Goldrush Holdings's Inventory to Revenue for the six months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.852	/	936.729
	=	0.00

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.

Goldrush Holdings Days Inventory Related Terms

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Goldrush Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Goldrush Holdings Ltd (JSE:GRSP) » Definitions » Days Inventory

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Traded in Other Exchanges

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Address

50 Bree Street, 1st Floor, The Barracks, Cape Town, WC, ZAF, 8001

Website

https://goldrushholdings.co.za

Goldrush Holdings Ltd formerly RECM and Calibre Ltd is a closed-end investment company making long-term investments. Its investment objective is to make long-term investments for generating high real returns from capital appreciation, and investment income. It operates principally in South Africa. The company's revenue source is from dividends and interests.

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