PJSC Mining & Metallurgical Co Norilsk Nickel (MIC:GMKN) Days Inventory: 196.03 (As of Dec. 2023)

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MIC:GMKN PJSC Mining & Metallurgical Co Norilsk Nickel MIC:GMKN
17 GF Score
Price ₽114.46
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What is PJSC Mining & Metallurgical Co Norilsk Nickel Days Inventory?

PJSC Mining & Metallurgical Co Norilsk Nickel MIC:GMKN +0.95% 17 Days Inventory is 196.03 as of Dec. 2023. GuruFocus rates MIC:GMKN with a GF Score™ of 17/100.

Days Inventory is also known as Days Sales of Inventory (DSI). PJSC Mining & Metallurgical Co Norilsk Nickel's Average Total Inventories for the six months ended in Dec. 2023 was ₽342,313 Mil. PJSC Mining & Metallurgical Co Norilsk Nickel's Cost of Goods Sold for the six months ended in Dec. 2023 was ₽318,692 Mil. Hence, PJSC Mining & Metallurgical Co Norilsk Nickel's Days Inventory for the six months ended in Dec. 2023 was 196.03.

The historical rank and industry rank for PJSC Mining & Metallurgical Co Norilsk Nickel's Days Inventory or its related term are showing as below:

MIC:GMKN's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 86.48
* Ranked among companies with meaningful Days Inventory only.

PJSC Mining & Metallurgical Co Norilsk Nickel's Days Inventory declined from Dec. 2022 (275.92) to Dec. 2023 (196.03).

Inventory Turnover measures how fast the company turns over its inventory within a year. PJSC Mining & Metallurgical Co Norilsk Nickel's Inventory Turnover for the six months ended in Dec. 2023 was 0.93.

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. PJSC Mining & Metallurgical Co Norilsk Nickel's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.52.


PJSC Mining & Metallurgical Co Norilsk Nickel  (MIC:GMKN) 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.

PJSC Mining & Metallurgical Co Norilsk Nickel's Inventory Turnover for the six months ended in Dec. 2023 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.

PJSC Mining & Metallurgical Co Norilsk Nickel's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=342313.218 / 653987.059
=0.52

* 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.


PJSC Mining & Metallurgical Co Norilsk Nickel Days Inventory Related Terms


PJSC Mining & Metallurgical Co Norilsk Nickel Days Inventory Historical Data

* Premium members only.

The historical data trend for PJSC Mining & Metallurgical Co Norilsk Nickel'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.

PJSC Mining & Metallurgical Co Norilsk Nickel Days Inventory Chart

PJSC Mining & Metallurgical Co Norilsk Nickel Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 177.42 157.65 164.18 226.86 185.82

PJSC Mining & Metallurgical Co Norilsk Nickel Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 171.69 239.49 275.92 205.86 196.03

PJSC Mining & Metallurgical Co Norilsk Nickel Days Inventory Competitor Comparison

For the Other Industrial Metals & Mining subindustry, PJSC Mining & Metallurgical Co Norilsk Nickel'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.


PJSC Mining & Metallurgical Co Norilsk Nickel Days Inventory vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PJSC Mining & Metallurgical Co Norilsk Nickel's Days Inventory distribution charts can be found below:

* The bar in red indicates where PJSC Mining & Metallurgical Co Norilsk Nickel's Days Inventory falls into.


MIC:GMKN
17GF Score
PJSC Mining & Metallurgical Co Norilsk Nickel MIC:GMKN
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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PJSC Mining & Metallurgical Co Norilsk Nickel Days Inventory Calculation

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

PJSC Mining & Metallurgical Co Norilsk Nickel'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
=( (302634.005 + 344407.92) / 2 ) / 635489.909*365
=323520.9625 / 635489.909*365
=185.82

PJSC Mining & Metallurgical Co Norilsk Nickel'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: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (340218.516 + 344407.92) / 2 ) / 318692.369*365 / 2
=342313.218 / 318692.369*365 / 2
=196.03

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 196.03 mean?
PJSC Mining & Metallurgical Co Norilsk Nickel (MIC:GMKN) has a Days Inventory of 196.03 as of Dec. 2023. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on PJSC Mining & Metallurgical Co Norilsk Nickel and its competitors.
Is PJSC Mining & Metallurgical Co Norilsk Nickel's Days Inventory too high?
PJSC Mining & Metallurgical Co Norilsk Nickel's current Days Inventory is 196.03. The Metals & Mining industry median Days Inventory is 86.48. PJSC Mining & Metallurgical Co Norilsk Nickel's value of 196.03 is 126.7% above this industry median. Overall, PJSC Mining & Metallurgical Co Norilsk Nickel has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does PJSC Mining & Metallurgical Co Norilsk Nickel's Days Inventory compare to competitors?
PJSC Mining & Metallurgical Co Norilsk Nickel's Days Inventory of 196.03 can be compared against companies in the Metals & Mining industry. The industry median Days Inventory is 86.48. PJSC Mining & Metallurgical Co Norilsk Nickel's value of 196.03 is 126.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Metals & Mining company?
The median Days Inventory among Metals & Mining companies is 86.48, based on 687 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PJSC Mining & Metallurgical Co Norilsk Nickel's current Days Inventory of 196.03 is 126.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on PJSC Mining & Metallurgical Co Norilsk Nickel and its competitors. For the Metals & Mining industry, the median Days Inventory is 86.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJSC Mining & Metallurgical Co Norilsk Nickel's current Days Inventory is 196.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJSC Mining & Metallurgical Co Norilsk Nickel stock overvalued right now?
PJSC Mining & Metallurgical Co Norilsk Nickel (MIC:GMKN) has a current Days Inventory of 196.03. The current Days Inventory is 196.03 and 126.7% above the Metals & Mining industry median of 86.48. PJSC Mining & Metallurgical Co Norilsk Nickel's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For PJSC Mining & Metallurgical Co Norilsk Nickel (MIC:GMKN), the current Days Inventory is 196.03 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PJSC Mining & Metallurgical Co Norilsk Nickel Business Description

Address 15, 1st Krasnogvardeysky Drive, Moscow, RUS, 123100
PJSC Mining & Metallurgical Co Norilsk Nickel is a metal and mining company engaged in activities such as exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious minerals. The company is organized into seven operating business segments: GMK Group, South Cluster, KGMK Group, NN Harjavalta, GRK Bystrinskoye, other mining, and other nonmetallurgical. The majority of the company's revenue is derived from the GMK Group segment which includes mining, processing and other metallurgy operations, and sale of precious metals. More than half the company's consolidated revenue is earned from the sale of metals to customers in Europe.
17GF Score

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