MAKOF (Mako Mining) Days Inventory : 87.56 (As of Dec. 2024)

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What is Mako Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mako Mining's Average Total Inventories for the three months ended in Dec. 2024 was $11.99 Mil. Mako Mining's Cost of Goods Sold for the three months ended in Dec. 2024 was $12.49 Mil. Hence, Mako Mining's Days Inventory for the three months ended in Dec. 2024 was 87.56.

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

MAKOF' s Days Inventory Range Over the Past 10 Years
Min: 57.35 Med: 100.28 Max: 3233.37
Current: 111.41

During the past 13 years, Mako Mining's highest Days Inventory was 3233.37. The lowest was 57.35. And the median was 100.28.

MAKOF's Days Inventory is ranked worse than
64.77% of 650 companies
in the Metals & Mining industry
Industry Median: 86.975 vs MAKOF: 111.41

Mako Mining's Days Inventory declined from Dec. 2023 (134.26) to Dec. 2024 (87.56).

Inventory Turnover measures how fast the company turns over its inventory within a year. Mako Mining's Inventory Turnover for the three months ended in Dec. 2024 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. Mako Mining's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.42.

Mako Mining Days Inventory Historical Data

The historical data trend for Mako 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.

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Mako Mining Days Inventory Chart

Mako Mining Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

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3,103.04

57.35

59.85

103.64

99.60

Mako Mining Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Inventory	Get a 7-Day Free Trial															134.26	134.58	126.09	118.20	87.56

Competitive Comparison of Mako Mining's Days Inventory

For the Gold subindustry, Mako 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.

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

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

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

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Mako Mining Days Inventory Calculation

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

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

	Days Inventory (A: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (13.849	+	11.087)	/	2 )	/	45.691	*	365
=	12.468					/	45.691	*	365
=	99.60

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

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (12.891	+	11.087)	/	2 )	/	12.494	*	365 / 4
=	11.989					/	12.494	*	365 / 4
=	87.56

Mako Mining (OTCPK:MAKOF) 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.

Mako Mining's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12.494	/	11.989
	=	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.

Mako Mining's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11.989	/	28.85
	=	0.42

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.

Mako Mining Days Inventory Related Terms

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

Mako Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mako Mining Corp (OTCPK:MAKOF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GQR0:Germany MKO:Canada

Address

838 West Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://www.makominingcorp.com

Mako Mining Corp is a gold mining, development, and exploration firm. The Company's primary asset is the San Albino mine, an open-pit mine located in Nicaragua. In addition to its mining operation, the company continues to explore its other concessions in Nicaragua.