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Ascot Resources (TSX:AOT) Days Inventory : 61.76 (As of Sep. 2024)


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What is Ascot Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ascot Resources's Average Total Inventories for the three months ended in Sep. 2024 was C$7.80 Mil. Ascot Resources's Cost of Goods Sold for the three months ended in Sep. 2024 was C$11.53 Mil. Hence, Ascot Resources's Days Inventory for the three months ended in Sep. 2024 was 61.76.

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

TSX:AOT' s Days Inventory Range Over the Past 10 Years
Min: 142.91   Med: 498.2   Max: 498.2
Current: 142.91

During the past 13 years, Ascot Resources's highest Days Inventory was 498.20. The lowest was 142.91. And the median was 498.20.

TSX:AOT's Days Inventory is ranked worse than
74.62% of 650 companies
in the Metals & Mining industry
Industry Median: 86.4 vs TSX:AOT: 142.91

Ascot Resources's Days Inventory increased from Sep. 2023 (0.00) to Sep. 2024 (61.76). It might indicate that Ascot Resources's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ascot Resources's Inventory Turnover for the three months ended in Sep. 2024 was 1.48.

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. Ascot Resources's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.65.


Ascot Resources Days Inventory Historical Data

The historical data trend for Ascot 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.

Ascot Resources Days Inventory Chart

Ascot Resources Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 498.20

Ascot Resources 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 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 - 124.55 3,480.12 348.66 61.76

Competitive Comparison of Ascot Resources's Days Inventory

For the Other Industrial Metals & Mining subindustry, Ascot 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.


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

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

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



Ascot Resources Days Inventory Calculation

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

Ascot Resources'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
=( (0 + 0.763) / 1 ) / 0.559*365
=0.763 / 0.559*365
=498.20

Ascot Resources'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
=( (11.643 + 3.958) / 2 ) / 11.525*365 / 4
=7.8005 / 11.525*365 / 4
=61.76

* 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.


Ascot Resources  (TSX:AOT) 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.

Ascot Resources's Inventory Turnover for the three months ended in Sep. 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.

Ascot Resources's Inventory to Revenue for the three months ended in Sep. 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.


Ascot Resources Days Inventory Related Terms

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


Ascot Resources Business Description

Traded in Other Exchanges
Address
1095 West Pender Street, Suite 1050, Vancouver, BC, CAN, V6E 2M6
Ascot Resources Ltd is a development and exploration company. It is a focused gold and silver explorer with a portfolio of advanced and grassroots projects in the Golden Triangle region of British Columbia. It holds an interest in Premier Gold Project and Red Mountain Project. The company also has two other properties; Swamp Point, an aggregate project located in British Columbia on the Portland Canal, and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in Washington State, USA.
Executives
William Bennett Director
Kenneth Martin Carter Director
Donald Robert Njegovan Director
John Gerard Kiernan Senior Officer

Ascot Resources Headlines

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