Days Inventory is also known as Days Sales of Inventory (DSI). New Hope's Average Total Inventories for the
six
months ended in Jul. 2024 was $71 Mil. New Hope's Cost of Goods Sold for the
six
months ended in Jul. 2024 was $326 Mil.
Hence, New Hope's Days Inventory for the
six
months ended in Jul. 2024 was 39.57.
The historical rank and industry rank for New Hope's Days Inventory or its related term are showing as below:
NHPEF'
s Days Inventory Range Over the Past 10 Years
Min: 22.8 Med: 42.64 Max: 74.6
Current: 36.42
During the past 13 years, New Hope's highest Days Inventory was 74.60. The lowest was 22.80. And the median was 42.64.
NHPEF's Days Inventory is ranked worse than 54.31% of 116
companies
in the Other Energy Sources industry
Industry Median: 27.26
vs NHPEF: 36.42
New Hope's Days Inventory
increased
from Jul. 2023 (28.50) to Jul. 2024 (39.57).
It might indicate that New Hope's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
New Hope's Inventory Turnover for the
six
months ended in Jul. 2024 was 4.61.
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.
New Hope's Inventory-to-Revenue for the
six
months ended in Jul. 2024 was 0.12.
New Hope Days Inventory Historical Data
The historical data trend for New Hope'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.
Competitive Comparison of New Hope's Days Inventory
For the Thermal Coal subindustry, New Hope'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.
New Hope's Days Inventory Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, New Hope's Days Inventory distribution charts can be found below:
* The bar in red indicates where New Hope's Days Inventory falls into.
New Hope Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
New Hope's Days Inventory for the fiscal year that ended in Jul. 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.
New Hope (OTCPK:NHPEF) 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.
New Hope's Inventory Turnover for the
six
months ended in Jul. 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.
New Hope's Inventory to Revenue for the
six
months ended in Jul. 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.
New Hope Days Inventory Related Terms
Thank you for viewing the detailed overview of New Hope's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
New Hope Corporation is an Australian thermal coal miner. It has two operating mines: the 100%-owned New Acland coal mine in Queensland and its 80%-owned Bengalla coal mine in New South Wales. The company should sell around 13 million metric tons of thermal coal annually from fiscal 2028, up from around 8.7 million in fiscal 2024, driven by the construction and ramp up of New Acland Stage 3. The vast majority of New Hope's production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multidecade mine lives. New Hope also has significant undeveloped coal resources in Queensland, as well as a 20% holding in the Malabar-Maxwell metallurgical coal mine, which began production in 2023.
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