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Gowest Gold (TSXV:GWA) Days Inventory : 14,672.46 (As of Jul. 2024)


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What is Gowest Gold Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gowest Gold's Average Total Inventories for the three months ended in Jul. 2024 was C$10.93 Mil. Gowest Gold's Cost of Goods Sold for the three months ended in Jul. 2024 was C$0.07 Mil. Hence, Gowest Gold's Days Inventory for the three months ended in Jul. 2024 was 14,672.46.

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

TSXV:GWA' s Days Inventory Range Over the Past 10 Years
Min: 18798.96   Med: 52286.25   Max: 52286.25
Current: 18798.96

During the past 13 years, Gowest Gold's highest Days Inventory was 52286.25. The lowest was 18798.96. And the median was 52286.25.

TSXV:GWA's Days Inventory is not ranked
in the Metals & Mining industry.
Industry Median: 86.47 vs TSXV:GWA: 18798.96

Gowest Gold's Days Inventory increased from Jul. 2023 (5,514.40) to Jul. 2024 (14,672.46). It might indicate that Gowest Gold'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. Gowest Gold's Inventory Turnover for the three months ended in Jul. 2024 was 0.01.

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.


Gowest Gold Days Inventory Historical Data

The historical data trend for Gowest 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.

* Premium members only.

Gowest Gold Days Inventory Chart

Gowest Gold Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 52,286.25

Gowest Gold Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 5,514.40 23,314.38 23,081.90 24,334.82 14,672.46

Competitive Comparison of Gowest Gold's Days Inventory

For the Gold subindustry, Gowest 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.


Gowest Gold's Days Inventory Distribution in the Metals & Mining Industry

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

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



Gowest Gold Days Inventory Calculation

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

Gowest Gold's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as

Days Inventory (A: Oct. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Oct. 2022 ) + Total Inventories (A: Oct. 2023 )) / count ) / Cost of Goods Sold (A: Oct. 2023 )*Days in Period
=( (0 + 10.314) / 1 ) / 0.072*365
=10.314 / 0.072*365
=52,286.25

Gowest Gold's Days Inventory for the quarter that ended in Jul. 2024 is calculated as:

Days Inventory (Q: Jul. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Apr. 2024 ) + Total Inventories (Q: Jul. 2024 )) / count ) / Cost of Goods Sold (Q: Jul. 2024 )*Days in Period
=( (10.934 + 10.934) / 2 ) / 0.068*365 / 4
=10.934 / 0.068*365 / 4
=14,672.46

* 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.


Gowest Gold  (TSXV:GWA) 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.

Gowest Gold's Inventory Turnover for the three months ended in Jul. 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.

Gowest Gold's Inventory to Revenue for the three months ended in Jul. 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.


Gowest Gold Days Inventory Related Terms

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


Gowest Gold Business Description

Traded in Other Exchanges
N/A
Address
80 Richmond Street West, Suite 1400, Toronto, ON, CAN, M5H 2A4
Gowest Gold Ltd is engaged in the business of mining and exploring minerals. Its projects include The Bradshaw Project is located in the Frankfield property and also has interests in the Pipestone, Tully, and Whitney properties.
Executives
Peter Quintiliani Director
C. Fraser Elliott Director
Greenwater Investment Hong Kong Limited 10% Security Holder
Demin Huang Director
John William Frostiak Director
Yungang Wu Director
Meirong Yuan Director
Fortune Future Holdings Limited 10% Security Holder

Gowest Gold Headlines

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