GoGold Resources (TSX:GGD) Days Inventory : 222.35 (As of Dec. 2023)

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What is GoGold Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). GoGold Resources's Average Total Inventories for the three months ended in Dec. 2023 was C$19.83 Mil. GoGold Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was C$8.14 Mil. Hence, GoGold Resources's Days Inventory for the three months ended in Dec. 2023 was 222.35.

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

TSX:GGD' s Days Inventory Range Over the Past 10 Years
Min: 101.07 Med: 122.38 Max: 694.04
Current: 183.29

During the past 13 years, GoGold Resources's highest Days Inventory was 694.04. The lowest was 101.07. And the median was 122.38.

TSX:GGD's Days Inventory is ranked worse than
82.67% of 658 companies
in the Metals & Mining industry
Industry Median: 87.15 vs TSX:GGD: 183.29

GoGold Resources's Days Inventory increased from Dec. 2022 (132.16) to Dec. 2023 (222.35). It might indicate that GoGold 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. GoGold Resources's Inventory Turnover for the three months ended in Dec. 2023 was 0.41.

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. GoGold Resources's Inventory-to-Revenue for the three months ended in Dec. 2023 was 2.17.

GoGold Resources Days Inventory Historical Data

The historical data trend for GoGold 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.

GoGold Resources Days Inventory Chart

GoGold Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

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101.07

105.96

102.21

122.38

140.18

GoGold Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															132.16	103.71	266.48	275.97	222.35

Competitive Comparison of GoGold Resources's Days Inventory

For the Other Precious Metals & Mining subindustry, GoGold 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.

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

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

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

GoGold Resources Days Inventory Calculation

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

GoGold Resources's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (15.808	+	19.746)	/	2 )	/	46.288	*	365
=	17.777					/	46.288	*	365
=	140.18

GoGold Resources'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (19.746	+	19.923)	/	2 )	/	8.14	*	365 / 4
=	19.8345					/	8.14	*	365 / 4
=	222.35

GoGold Resources (TSX:GGD) 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.

GoGold Resources's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.14	/	19.8345
	=	0.41

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.

GoGold Resources's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19.8345	/	9.122
	=	2.17

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.

GoGold Resources Days Inventory Related Terms

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

GoGold Resources (TSX:GGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GoGold Resources Inc (TSX:GGD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GLGDF:USA GGD:Germany

Address

2000 Barrington Street, Suite 1301, Cogswell Tower, Halifax, NS, CAN, B3J 3K1

Website

https://www.gogoldresources.com

GoGold Resources Inc is a Canadian-based company engaged in the business of exploration, development, and production of gold, copper and silver. It operates in two segments: Mexico, which accounts for the majority of revenue; and Canada. Its Mexico segment consists of the Parral project and the Los Ricos project and the Corporation's corporate offices as the Canadian segment.

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