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SFRRF (Sandfire Resources) Days Inventory : 0.00 (As of Jun. 2024)


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What is Sandfire Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sandfire Resources's Average Total Inventories for the six months ended in Jun. 2024 was $60.1 Mil. Sandfire Resources's Cost of Goods Sold for the six months ended in Jun. 2024 was $-2.9 Mil.

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

SFRRF' s Days Inventory Range Over the Past 10 Years
Min: 91.27   Med: 2379.13   Max: 12833.63
Current: 5914.88

During the past 13 years, Sandfire Resources's highest Days Inventory was 12833.63. The lowest was 91.27. And the median was 2379.13.

SFRRF's Days Inventory is ranked worse than
99.23% of 649 companies
in the Metals & Mining industry
Industry Median: 86.21 vs SFRRF: 5914.88

Sandfire Resources's Days Inventory declined from Jun. 2023 (2,429.60) to Jun. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Sandfire Resources's Inventory Turnover for the six months ended in Jun. 2024 was -0.05.

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. Sandfire Resources's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.12.


Sandfire Resources Days Inventory Historical Data

The historical data trend for Sandfire 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.

* Premium members only.

Sandfire Resources Days Inventory Chart

Sandfire Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 13,307.58 2,154.32 5,787.11

Sandfire Resources Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 2,289.57 1,548.97 2,429.60 1,716.04 -

Competitive Comparison of Sandfire Resources's Days Inventory

For the Copper subindustry, Sandfire 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.


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

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

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



Sandfire Resources Days Inventory Calculation

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

Sandfire Resources's Days Inventory for the fiscal year that ended in Jun. 2024 is calculated as

Days Inventory (A: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2023 ) + Total Inventories (A: Jun. 2024 )) / count ) / Cost of Goods Sold (A: Jun. 2024 )*Days in Period
=( (62.532 + 57.618) / 2 ) / 3.789*365
=60.075 / 3.789*365
=5,787.11

Sandfire Resources's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (62.659 + 57.618) / 2 ) / -2.8680000000001*365 / 2
=60.1385 / -2.8680000000001*365 / 2
=N/A

* 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.


Sandfire Resources  (OTCPK:SFRRF) 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.

Sandfire Resources's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=-2.8680000000001 / 60.1385
=-0.05

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.

Sandfire Resources's Inventory to Revenue for the six months ended in Jun. 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.


Sandfire Resources Days Inventory Related Terms

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


Sandfire Resources Business Description

Traded in Other Exchanges
Address
10 Kings Park Road, Level 2, West Perth, Perth, WA, AUS, 6005
Sandfire Resources Ltd is a copper-focused mineral exploration and development company. The company's operating segment includes DeGrussa operations, MATSA Operations, Black Butte Project, Motheo Operations, Exploration, Motheo Copper Operations, and Others. The company generates the majority of its revenue from MATSA operation, which consists of the Minas De Aguas Tenidas (MATSA) polymetallic mining complex in Spain, comprising three underground mines and a 4.7Mtpa central processing facility. The mines generate revenue from the sale and delivery of copper, zinc, and lead concentrates to customers in Spain. Geographically the company generates the majority of its revenue from Spain.

Sandfire Resources Headlines