Global Ferronickel Holdings (PHS:FNI) Days Inventory : 31.96 (As of Sep. 2024)

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What is Global Ferronickel Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Global Ferronickel Holdings's Average Total Inventories for the three months ended in Sep. 2024 was ₱500 Mil. Global Ferronickel Holdings's Cost of Goods Sold for the three months ended in Sep. 2024 was ₱1,427 Mil. Hence, Global Ferronickel Holdings's Days Inventory for the three months ended in Sep. 2024 was 31.96.

The historical rank and industry rank for Global Ferronickel Holdings's Days Inventory or its related term are showing as below:

PHS:FNI' s Days Inventory Range Over the Past 10 Years
Min: 37.08 Med: 43.33 Max: 72.72
Current: 44.68

During the past 13 years, Global Ferronickel Holdings's highest Days Inventory was 72.72. The lowest was 37.08. And the median was 43.33.

PHS:FNI's Days Inventory is ranked better than
77.97% of 649 companies
in the Metals & Mining industry
Industry Median: 86.21 vs PHS:FNI: 44.68

Global Ferronickel Holdings's Days Inventory increased from Sep. 2023 (23.14) to Sep. 2024 (31.96). It might indicate that Global Ferronickel Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Global Ferronickel Holdings's Inventory Turnover for the three months ended in Sep. 2024 was 2.86.

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. Global Ferronickel Holdings's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.22.

Global Ferronickel Holdings Days Inventory Historical Data

The historical data trend for Global Ferronickel Holdings'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.

* Premium members only.

Global Ferronickel Holdings Days Inventory Chart

Global Ferronickel Holdings Annual Data

Trend

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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40.82

48.57

44.37

43.53

37.88

Global Ferronickel Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															23.14	48.75	150.35	34.09	31.96

Competitive Comparison of Global Ferronickel Holdings's Days Inventory

For the Other Industrial Metals & Mining subindustry, Global Ferronickel Holdings'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.

Global Ferronickel Holdings's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Global Ferronickel Holdings's Days Inventory falls into.

Global Ferronickel Holdings Days Inventory Calculation

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

Global Ferronickel Holdings'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
=	( (292.293	+	453.253)	/	2 )	/	3592.361	*	365
=	372.773					/	3592.361	*	365
=	37.88

Global Ferronickel Holdings's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (497.624	+	501.95)	/	2 )	/	1427.054	*	365 / 4
=	499.787					/	1427.054	*	365 / 4
=	31.96

Global Ferronickel Holdings (PHS:FNI) 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.

Global Ferronickel Holdings's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1427.054	/	499.787
	=	2.86

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.

Global Ferronickel Holdings's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	499.787	/	2292.473
	=	0.22

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.

Global Ferronickel Holdings Days Inventory Related Terms

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

Global Ferronickel Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Global Ferronickel Holdings Inc (PHS:FNI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Asean Avenue corner Fuentes Street, Penthouse, Platinum Tower, Metro Manila, Paranaque, PHL, 1701

Website

https://www.gfni.com.ph

Global Ferronickel Holdings Inc is a nickel producer in the Philippines and a supplier of nickel ore. The company has an extensive portfolio of exploration sites and exploration programs. Its operating segment includes Mining; Manufacturing, and Services. The company generates maximum revenue from the Mining segment. Mining segment, which is engaged in the mining and exploration of nickel saprolite and limonite ore. Geographically, it operates in the Philippines and Hong Kong.