Steppe GoldTSX:STGO -1.41%76 Days Inventory is 248.96 as of Mar. 2026, which is 36% above its 10-year median of 183.23. GuruFocus rates TSX:STGO with a GF Score™ of 76/100 and a GF Value™ of C$1.08 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 682 Metals & Mining companies, Steppe Gold ranks worse than 84.16% on this metric.
Days Inventory is also known as Days Sales of Inventory (DSI). Steppe Gold's Average Total Inventories for the
three
months ended in Mar. 2026 was C$54.5 Mil. Steppe Gold's Cost of Goods Sold for the
three
months ended in Mar. 2026 was C$20.0 Mil.
Hence, Steppe Gold's Days Inventory for the
three
months ended in Mar. 2026 was 248.96.
The historical rank and industry rank for Steppe Gold's Days Inventory or its related term are showing as below:
TSX:STGO'
s Days Inventory Range Over the Past 10 Years
Min: 135.08 Med: 183.23 Max: 26195.77
Current: 190.81
During the past 10 years, Steppe Gold's highest Days Inventory was 26195.77. The lowest was 135.08. And the median was 183.23.
TSX:STGO's Days Inventory is ranked worse than 84.16% of 682
companies
in the Metals & Mining industry
Industry Median: 86.01
vs TSX:STGO: 190.81
Steppe Gold's Days Inventory
declined
from Mar. 2025 (407.20) to Mar. 2026 (248.96).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Steppe Gold's Inventory Turnover for the
three
months ended in Mar. 2026 was 0.37.
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.
Steppe Gold's Inventory-to-Revenue for the
three
months ended in Mar. 2026 was 0.75.
Steppe Gold (TSX:STGO) 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.
Steppe Gold's Inventory Turnover for the
three
months ended in Mar. 2026 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.
Steppe Gold's Inventory to Revenue for the
three
months ended in Mar. 2026 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.
Steppe Gold Days Inventory Related Terms
Steppe Gold Days Inventory Historical Data
* Premium members only.
The historical data trend for Steppe Gold'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.
For the Gold subindustry, Steppe Gold'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.
Steppe Gold Days Inventory vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Steppe Gold's Days Inventory distribution charts can be found below:
* The bar in red indicates where Steppe Gold's Days Inventory falls into.
* 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.
Steppe Gold (TSX:STGO) has a Days Inventory of 248.96 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Steppe Gold and its competitors. This is 36% above median its historical median of 183.23. Over the past decade, Steppe Gold's Days Inventory has ranged from 135.08 to 26,195.77. According to the industry distribution chart, Steppe Gold ranks #574 out of 682 companies in the Metals & Mining industry, placing it in the top 84.2%.
Is Steppe Gold's Days Inventory too high?
Steppe Gold's current Days Inventory of 248.96 is 36% above median its 10-year median of 183.23. Over the past 10 years, this metric has ranged from a low of 135.08 to a high of 26,195.77. The Metals & Mining industry median Days Inventory is 86.01. Steppe Gold's value of 248.96 is 189.5% above this industry median. Based on the distribution chart, Steppe Gold ranks #574 out of 682 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Steppe Gold has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Steppe Gold's Days Inventory compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Steppe Gold ranks #574 out of 682 companies for Days Inventory. This places Steppe Gold in the lower half of its industry. The industry median Days Inventory is 86.01. Steppe Gold's value of 248.96 is 189.5% above this benchmark. Historically, Steppe Gold's own Days Inventory has ranged from 135.08 to 26,195.77 over the past decade. While the company's 10-year median is 183.23 vs. the industry median of 86.01, Steppe Gold has consistently been above the industry average. 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 86.01, based on 682 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. Steppe Gold's current Days Inventory of 248.96 is 189.5% above 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 Steppe Gold and its competitors. For the Metals & Mining industry, the median Days Inventory is 86.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steppe Gold's current Days Inventory is 248.96, which is 36% above median its own 10-year median of 183.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steppe Gold stock overvalued right now?
Based on GuruFocus' analysis, Steppe Gold (TSX:STGO) is currently considered Modestly Overvalued. The stock's GF Value™ is C$1.08, compared to a current price of C$1.40 — trading 29.6% above its estimated fair value. The current Days Inventory is 248.96, which is 36% above median its 10-year median of 183.23 and 189.5% above the Metals & Mining industry median of 86.01. Steppe Gold's overall GF Score™ is 76/100 with 2 warning signs to review. 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 Steppe Gold (TSX:STGO), the current Days Inventory is 248.96 as of Mar. 2026. 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.
Is Steppe Gold (TSX:STGO) Overvalued in 2026?
Based on GuruFocus' analysis, Steppe Gold stock appears to be overvalued.
The current stock price of C$1.40 is trading 29.6% above its estimated GF Value™ of C$1.08.
GuruFocus considers Steppe Gold to be Modestly Overvalued.
Key valuation signals for TSX:STGO:
Days Inventory: 248.96 (36% above median its 10-year median of 183.23)
GF Value™: C$1.08 vs. price of C$1.40 (29.6% above fair value)
Industry Position: 189.5% above the Metals & Mining median (#574 of 682)
No single metric tells the full story. See the TSX:STGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steppe Gold Ltd is engaged in operating, developing, exploring, and acquiring precious metal projects in Mongolia. The company's commercially producing mine is the Altan Tsagaan Ovoo Property (the ATO Project, or ATO Gold Mine), located in Eastern Mongolia. In addition, it owns the Boroo and Ulaanbulag mines (together as the Boroo Project), and holds interest rights in the Uudam Khundii (UK) project in Mongolia. The company derives its revenue from the sale of gold and silver to banks in Mongolia at London Metal Exchange-based spot rates. A majority of its revenue is generated from the sale of gold.
76GF Score
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