Centamin (TSX:CEE) Days Inventory : 72.23 (As of Dec. 2023)

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What is Centamin Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Centamin's Average Total Inventories for the six months ended in Dec. 2023 was C$175 Mil. Centamin's Cost of Goods Sold for the six months ended in Dec. 2023 was C$441 Mil. Hence, Centamin's Days Inventory for the six months ended in Dec. 2023 was 72.23.

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

TSX:CEE' s Days Inventory Range Over the Past 10 Years
Min: 81.68 Med: 92.88 Max: 137.4
Current: 81.68

During the past 13 years, Centamin's highest Days Inventory was 137.40. The lowest was 81.68. And the median was 92.88.

TSX:CEE's Days Inventory is ranked better than
53.65% of 658 companies
in the Metals & Mining industry
Industry Median: 88.385 vs TSX:CEE: 81.68

Centamin's Days Inventory declined from Dec. 2022 (80.33) to Dec. 2023 (72.23).

Inventory Turnover measures how fast the company turns over its inventory within a year. Centamin's Inventory Turnover for the six months ended in Dec. 2023 was 2.53.

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. Centamin's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.28.

Centamin Days Inventory Historical Data

The historical data trend for Centamin'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.

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Centamin Days Inventory Chart

Centamin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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86.61

93.69

92.68

85.65

87.21

Centamin Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															83.14	90.09	80.33	84.89	72.23

Competitive Comparison of Centamin's Days Inventory

For the Gold subindustry, Centamin'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.

Centamin's Days Inventory Distribution in the Metals & Mining Industry

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

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

Centamin Days Inventory Calculation

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

Centamin'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
=	( (182.127	+	200.512)	/	2 )	/	800.715	*	365
=	191.3195					/	800.715	*	365
=	87.21

Centamin's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (148.892	+	200.512)	/	2 )	/	441.433	*	365 / 2
=	174.702					/	441.433	*	365 / 2
=	72.23

Centamin (TSX:CEE) 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.

Centamin's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	441.433	/	174.702
	=	2.53

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.

Centamin's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	174.702	/	624.716
	=	0.28

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.

Centamin Days Inventory Related Terms

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

Centamin (TSX:CEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Centamin PLC (TSX:CEE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CELTF:USA CEYl:UK CEY:UK 7CT:Germany

Address

2 Mulcaster Street, Saint Helier, JEY, JE2 3NJ

Website

https://www.centamin.com

Centamin PLC is a mineral exploration, development, and mining company. It represents three operating segments two in the business of exploration and one in the mining of precious metals. Centamin's primary asset is the Sukari Gold Mine located in southern Egypt, which is jointly owned by the company's subsidiary, Pharaoh Gold Mines NL. Ore is provided from two mining operations: a large-scale open-pit provides the majority of the ore feed, with the remainder from a higher-grade underground mine. The ore is then processed at an on-site plant. The company also owns exploration and development assets in Burkina Faso and Cote d'Ivoire.