Xtract Resources (LSE:XTR) Days Inventory : 36.74 (As of Jun. 2023)

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What is Xtract Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Xtract Resources's Average Total Inventories for the six months ended in Jun. 2023 was £0.12 Mil. Xtract Resources's Cost of Goods Sold for the six months ended in Jun. 2023 was £0.60 Mil. Hence, Xtract Resources's Days Inventory for the six months ended in Jun. 2023 was 36.74.

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

LSE:XTR' s Days Inventory Range Over the Past 10 Years
Min: 19.81 Med: 50.42 Max: 61.06
Current: 19.81

During the past 13 years, Xtract Resources's highest Days Inventory was 61.06. The lowest was 19.81. And the median was 50.42.

LSE:XTR's Days Inventory is ranked better than
94.12% of 663 companies
in the Metals & Mining industry
Industry Median: 88.02 vs LSE:XTR: 19.81

Xtract Resources's Days Inventory increased from Jun. 2022 (24.38) to Jun. 2023 (36.74). It might indicate that Xtract Resources's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Xtract Resources's Inventory Turnover for the six months ended in Jun. 2023 was 4.97.

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. Xtract Resources's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.06.

Xtract Resources Days Inventory Historical Data

The historical data trend for Xtract 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.

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Xtract Resources Days Inventory Chart

Xtract Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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43.81

61.06

22.68

59.34

32.47

Xtract Resources Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															6.80	49.77	24.38	12.87	36.74

Competitive Comparison of Xtract Resources's Days Inventory

For the Gold subindustry, Xtract 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.

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

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

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

Xtract Resources Days Inventory Calculation

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

Xtract Resources's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.177	+	0.123)	/	2 )	/	1.686	*	365
=	0.15					/	1.686	*	365
=	32.47

Xtract Resources's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.123	+	0.119)	/	2 )	/	0.601	*	365 / 2
=	0.121					/	0.601	*	365 / 2
=	36.74

Xtract Resources (LSE:XTR) 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.

Xtract Resources's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.601	/	0.121
	=	4.97

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.

Xtract Resources's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.121	/	2.062
	=	0.06

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.

Xtract Resources Days Inventory Related Terms

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

Xtract Resources (LSE:XTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xtract Resources PLC (LSE:XTR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

7/8 Kendrick Mews, 1st Floor, South Kensington, London, GBR, SW7 3HG

Website

https://www.xtractresources.com

Xtract Resources PLC is a resource, development, & mining company focused on acquiring brownfield resource projects with a view to releasing value for its shareholders. It is currently focused on the Manica Gold Project & Manica Alluvials Project in Mozambique, Eureka Copper Project, and Kalengwa Processing Copper Project in Zambia. The company generates revenues from the sales of gold bars. Its operating segment includes the Operating gold mining segment in Mozambique, Mine Development in Mozambique, Exploration, Investment & other, and Alluvial Gold Mining Production. The majority of revenue is from the Alluvial Gold Mining Production segment.

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