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PYX Resources (LSE:PYX) Days Inventory : 65.49 (As of Jun. 2024)


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What is PYX Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). PYX Resources's Average Total Inventories for the six months ended in Jun. 2024 was £1.84 Mil. PYX Resources's Cost of Goods Sold for the six months ended in Jun. 2024 was £5.13 Mil. Hence, PYX Resources's Days Inventory for the six months ended in Jun. 2024 was 65.49.

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

LSE:PYX' s Days Inventory Range Over the Past 10 Years
Min: 12.51   Med: 18.28   Max: 78.03
Current: 47.14

During the past 13 years, PYX Resources's highest Days Inventory was 78.03. The lowest was 12.51. And the median was 18.28.

LSE:PYX's Days Inventory is ranked better than
76.12% of 649 companies
in the Metals & Mining industry
Industry Median: 86.21 vs LSE:PYX: 47.14

PYX Resources's Days Inventory increased from Jun. 2023 (28.08) to Jun. 2024 (65.49). It might indicate that PYX Resources's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. PYX Resources's Inventory Turnover for the six months ended in Jun. 2024 was 2.79.

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. PYX Resources's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.27.


PYX Resources Days Inventory Historical Data

The historical data trend for PYX Resources'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.

PYX Resources Days Inventory Chart

PYX Resources Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 77.94 18.17 12.58 12.47 27.91

PYX Resources Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 26.73 21.48 28.08 36.85 65.49

Competitive Comparison of PYX Resources's Days Inventory

For the Other Industrial Metals & Mining subindustry, PYX Resources'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.


PYX Resources's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where PYX Resources's Days Inventory falls into.



PYX Resources Days Inventory Calculation

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

PYX Resources'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
=( (0.58 + 1.824) / 2 ) / 15.717*365
=1.202 / 15.717*365
=27.91

PYX Resources's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (1.824 + 1.857) / 2 ) / 5.129*365 / 2
=1.8405 / 5.129*365 / 2
=65.49

* 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.


PYX Resources  (LSE:PYX) 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.

PYX Resources's Inventory Turnover for the six months ended in Jun. 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.

PYX Resources's Inventory to Revenue for the six months ended in Jun. 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.


PYX Resources Days Inventory Related Terms

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


PYX Resources Business Description

Traded in Other Exchanges
N/A
Address
56 Pitt Street, Level 5, Sydney, NSW, AUS, 2000
PYX Resources Ltd is engaged in mineral sands exploration and development. The firm has one business segment being the production of mineral sands (including premium zircon, rutile and ilmenite), activities from which it incurs costs. The Company earns revenue by mining, processing, and subsequently selling mineral sands (including zircon and rutile) to customers based in the Americas, Asia, China and Europe.

PYX Resources Headlines

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