SWYDF (Stornoway Diamond) Days Inventory: 73.69 (As of Jun. 2019)


What is Stornoway Diamond Days Inventory?

Stornoway Diamond SWYDF Days Inventory is 73.69 as of Jun. 2019.

Days Inventory is also known as Days Sales of Inventory (DSI). Stornoway Diamond's Average Total Inventories for the three months ended in Jun. 2019 was $47.0 Mil. Stornoway Diamond's Cost of Goods Sold for the three months ended in Jun. 2019 was $58.2 Mil. Hence, Stornoway Diamond's Days Inventory for the three months ended in Jun. 2019 was 73.69.

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

SWYDF's Days Inventory is not ranked *
in the Metals & Mining industry.
Industry Median: 85.61
* Ranked among companies with meaningful Days Inventory only.

Stornoway Diamond's Days Inventory increased from Jun. 2018 (55.13) to Jun. 2019 (73.69). It might indicate that Stornoway Diamond's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Stornoway Diamond's Inventory Turnover for the three months ended in Jun. 2019 was 1.24.

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. Stornoway Diamond's Inventory-to-Revenue for the three months ended in Jun. 2019 was 0.33.

Stornoway Diamond  (OTCPK:SWYDF) 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.

Stornoway Diamond's Inventory Turnover for the three months ended in Jun. 2019 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=58.168 / 46.972
=1.24

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.

Stornoway Diamond's Inventory to Revenue for the three months ended in Jun. 2019 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=46.972 / 142.547
=0.33

* 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.

Stornoway Diamond Days Inventory Related Terms

Stornoway Diamond Days Inventory Historical Data

* Premium members only.

The historical data trend for Stornoway Diamond'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.

Stornoway Diamond Days Inventory Chart

Stornoway Diamond Annual Data
Trend Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Dec16 Dec17 Dec18
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,898.46 3,869.94 145,124.00 107.76 96.57

Stornoway Diamond Quarterly Data
Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 55.13 66.36 95.37 78.85 73.69

SWYDF vs DYNR, CTDT: Days Inventory Comparison

For the Other Precious Metals & Mining subindustry, Stornoway Diamond'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.

Stornoway Diamond Days Inventory vs Metals & Mining Industry

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

* The bar in red indicates where Stornoway Diamond's Days Inventory falls into.


Stornoway Diamond Days Inventory Calculation

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

Stornoway Diamond's Days Inventory for the fiscal year that ended in Dec. 2018 is calculated as

Days Inventory (A: Dec. 2018 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2017 ) + Total Inventories (A: Dec. 2018 )) / count ) / Cost of Goods Sold (A: Dec. 2018 )*Days in Period
=( (39.192 + 50.263) / 2 ) / 169.056*365
=44.7275 / 169.056*365
=96.57

Stornoway Diamond's Days Inventory for the quarter that ended in Jun. 2019 is calculated as:

Days Inventory (Q: Jun. 2019 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2019 ) + Total Inventories (Q: Jun. 2019 )) / count ) / Cost of Goods Sold (Q: Jun. 2019 )*Days in Period
=( (50.31 + 43.634) / 2 ) / 58.168*365 / 4
=46.972 / 58.168*365 / 4
=73.69

* 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 73.69 mean?
Stornoway Diamond (SWYDF) has a Days Inventory of 73.69 as of Jun. 2019. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Stornoway Diamond and its competitors.
Is Stornoway Diamond's Days Inventory too high?
Stornoway Diamond's current Days Inventory is 73.69. The Metals & Mining industry median Days Inventory is 85.61. Stornoway Diamond's value of 73.69 is 13.9% below this industry median.
How does Stornoway Diamond's Days Inventory compare to DYNR and CTDT?
Stornoway Diamond's Days Inventory of 73.69 can be compared against companies in the Metals & Mining industry. The industry median Days Inventory is 85.61. Stornoway Diamond's value of 73.69 is 13.9% below 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 85.61, based on 681 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. Stornoway Diamond's current Days Inventory of 73.69 is 13.9% below 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 Stornoway Diamond and its competitors. For the Metals & Mining industry, the median Days Inventory is 85.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stornoway Diamond's current Days Inventory is 73.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stornoway Diamond stock overvalued right now?
Stornoway Diamond (SWYDF) has a current Days Inventory of 73.69. The current Days Inventory is 73.69 and 13.9% below the Metals & Mining industry median of 85.61. 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 Stornoway Diamond (SWYDF), the current Days Inventory is 73.69 as of Jun. 2019. 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.

Stornoway Diamond Business Description

Address 1111 St. Charles Street West, Tour Ouest, Suite 400, Longueuil, QC, CAN, J4K 5G4
Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.