Andean Precious Metals (TSXV:APM) Days Inventory : 90.18 (As of Dec. 2023)

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What is Andean Precious Metals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Andean Precious Metals's Average Total Inventories for the three months ended in Dec. 2023 was C$58.0 Mil. Andean Precious Metals's Cost of Goods Sold for the three months ended in Dec. 2023 was C$58.6 Mil. Hence, Andean Precious Metals's Days Inventory for the three months ended in Dec. 2023 was 90.18.

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

TSXV:APM' s Days Inventory Range Over the Past 10 Years
Min: 33.52 Med: 39.34 Max: 131.81
Current: 88.27

During the past 4 years, Andean Precious Metals's highest Days Inventory was 131.81. The lowest was 33.52. And the median was 39.34.

TSXV:APM's Days Inventory is ranked worse than
50.76% of 658 companies
in the Metals & Mining industry
Industry Median: 87.15 vs TSXV:APM: 88.27

Andean Precious Metals's Days Inventory increased from Dec. 2022 (44.08) to Dec. 2023 (90.18). It might indicate that Andean Precious Metals'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. Andean Precious Metals's Inventory Turnover for the three months ended in Dec. 2023 was 1.01.

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. Andean Precious Metals's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.88.

Andean Precious Metals Days Inventory Historical Data

The historical data trend for Andean Precious Metals'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.

Andean Precious Metals Days Inventory Chart

Andean Precious Metals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

41.65

33.52

37.02

131.81

Andean Precious Metals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial											44.08	48.00	132.15	60.09	90.18

Competitive Comparison of Andean Precious Metals's Days Inventory

For the Silver subindustry, Andean Precious Metals'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.

Andean Precious Metals's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Andean Precious Metals's Days Inventory falls into.

Andean Precious Metals Days Inventory Calculation

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

Andean Precious Metals'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
=	( (15.922	+	91.753)	/	2 )	/	149.083	*	365
=	53.8375					/	149.083	*	365
=	131.81

Andean Precious Metals'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
=	( (24.168	+	91.753)	/	2 )	/	58.648	*	365 / 4
=	57.9605					/	58.648	*	365 / 4
=	90.18

Andean Precious Metals (TSXV:APM) 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.

Andean Precious Metals's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	58.648	/	57.9605
	=	1.01

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.

Andean Precious Metals's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	57.9605	/	65.498
	=	0.88

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.

Andean Precious Metals Days Inventory Related Terms

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

Andean Precious Metals (TSXV:APM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Andean Precious Metals Corp (TSXV:APM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ANPMF:USA

Address

Ignacio L. Vallarta, No. 811 Sur, Col. El Mirador Centro, Monterrey, NL, MEX, 64070

Website

https://www.andeanpm.com

Andean Precious Metals Corp is a Canadian-listed, growth-focused precious metals producer operating in Bolivia and the United States. The Company is engaged in the exploration, exploitation, treatment, refining and commercialization of dore bars containing silver and gold, which it extracts from its mining rights and through purchased third-party material.