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Mantengu Mining (JSE:MTU) Days Inventory : 234.05 (As of Feb. 2024)


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What is Mantengu Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mantengu Mining's Average Total Inventories for the six months ended in Feb. 2024 was R58.7 Mil. Mantengu Mining's Cost of Goods Sold for the six months ended in Feb. 2024 was R45.8 Mil. Hence, Mantengu Mining's Days Inventory for the six months ended in Feb. 2024 was 234.05.

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

JSE:MTU' s Days Inventory Range Over the Past 10 Years
Min: 373.32   Med: 635.93   Max: 635.93
Current: 373.32

During the past 13 years, Mantengu Mining's highest Days Inventory was 635.93. The lowest was 373.32. And the median was 635.93.

JSE:MTU's Days Inventory is ranked worse than
91.54% of 662 companies
in the Metals & Mining industry
Industry Median: 88.105 vs JSE:MTU: 373.32

Mantengu Mining's Days Inventory increased from Feb. 2023 (0.00) to Feb. 2024 (234.05). It might indicate that Mantengu Mining's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mantengu Mining's Inventory Turnover for the six months ended in Feb. 2024 was 0.78.

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. Mantengu Mining's Inventory-to-Revenue for the six months ended in Feb. 2024 was 0.61.


Mantengu Mining Days Inventory Historical Data

The historical data trend for Mantengu Mining'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.

Mantengu Mining Days Inventory Chart

Mantengu Mining Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 635.93

Mantengu Mining Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 - - - 273.33 234.05

Competitive Comparison of Mantengu Mining's Days Inventory

For the Other Industrial Metals & Mining subindustry, Mantengu Mining'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.


Mantengu Mining's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mantengu Mining's Days Inventory falls into.



Mantengu Mining Days Inventory Calculation

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

Mantengu Mining's Days Inventory for the fiscal year that ended in Feb. 2024 is calculated as

Days Inventory (A: Feb. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Feb. 2023 ) + Total Inventories (A: Feb. 2024 )) / count ) / Cost of Goods Sold (A: Feb. 2024 )*Days in Period
=( (0 + 99.949) / 1 ) / 57.367*365
=99.949 / 57.367*365
=635.93

Mantengu Mining's Days Inventory for the quarter that ended in Feb. 2024 is calculated as:

Days Inventory (Q: Feb. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Aug. 2023 ) + Total Inventories (Q: Feb. 2024 )) / count ) / Cost of Goods Sold (Q: Feb. 2024 )*Days in Period
=( (17.399 + 99.949) / 2 ) / 45.75*365 / 2
=58.674 / 45.75*365 / 2
=234.05

* 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.


Mantengu Mining  (JSE:MTU) 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.

Mantengu Mining's Inventory Turnover for the six months ended in Feb. 2024 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.

Mantengu Mining's Inventory to Revenue for the six months ended in Feb. 2024 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.


Mantengu Mining Days Inventory Related Terms

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


Mantengu Mining (JSE:MTU) Business Description

Traded in Other Exchanges
N/A
Address
5 Saint Michaels Lane, Bryanston, Sandton, Johannesburg, GT, ZAF, 2080
Mantengu Mining Ltd operates as a mining investment company. Its project comprises of Langpan project.

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