Serabi Gold (LSE:SRB) Days Inventory : 88.03 (As of Dec. 2023)

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What is Serabi Gold Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Serabi Gold's Average Total Inventories for the three months ended in Dec. 2023 was £9.02 Mil. Serabi Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was £9.35 Mil. Hence, Serabi Gold's Days Inventory for the three months ended in Dec. 2023 was 88.03.

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

LSE:SRB' s Days Inventory Range Over the Past 10 Years
Min: 54.19 Med: 64.74 Max: 174.44
Current: 73.98

During the past 13 years, Serabi Gold's highest Days Inventory was 174.44. The lowest was 54.19. And the median was 64.74.

LSE:SRB's Days Inventory is ranked better than
58.82% of 663 companies
in the Metals & Mining industry
Industry Median: 88.5 vs LSE:SRB: 73.98

Serabi Gold's Days Inventory increased from Dec. 2022 (66.23) to Dec. 2023 (88.03). It might indicate that Serabi Gold's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Serabi Gold's Inventory Turnover for the three months ended in Dec. 2023 was 1.04.

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. Serabi Gold's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.72.

Serabi Gold Days Inventory Historical Data

The historical data trend for Serabi Gold'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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Serabi Gold Days Inventory Chart

Serabi Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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60.76

63.74

57.81

54.19

80.29

Serabi Gold 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															66.23	75.96	70.22	60.43	88.03

Competitive Comparison of Serabi Gold's Days Inventory

For the Gold subindustry, Serabi Gold'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.

Serabi Gold's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Serabi Gold's Days Inventory falls into.

Serabi Gold Days Inventory Calculation

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

Serabi Gold'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
=	( (7.148	+	10.11)	/	2 )	/	39.227	*	365
=	8.629					/	39.227	*	365
=	80.29

Serabi Gold'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
=	( (7.934	+	10.11)	/	2 )	/	9.352	*	365 / 4
=	9.022					/	9.352	*	365 / 4
=	88.03

Serabi Gold (LSE:SRB) 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.

Serabi Gold's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9.352	/	9.022
	=	1.04

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.

Serabi Gold's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9.022	/	12.49
	=	0.72

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.

Serabi Gold Days Inventory Related Terms

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

Serabi Gold (LSE:SRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Serabi Gold PLC (LSE:SRB) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SRBIF:USA B9O2:Germany SBI:Canada

Address

Cobham Park Road, The Long Barn, Downside, Surrey, GBR, KT11 3NE

Website

https://www.serabigold.com

Serabi Gold PLC is a gold exploration and production company. It is involved in the evaluation and development of gold deposits in Brazil. The Group has only one business activity namely the conduct of gold mining and exploration in Brazil. The company has two geographical segments namely Brazil and the UK. It generates maximum revenue from the Brazil region. The company projects include Palito, Sao Chico Gold Mines, Coringa, Jardim do Ouro and Tapajos Regional Exploration. It derives its majority revenue from the sale of gold.

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