Intercontinental Gold And Metals (TSXV:ICAU.H) Days Inventory : 24.16 (As of Sep. 2021)

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What is Intercontinental Gold And Metals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Intercontinental Gold And Metals's Average Total Inventories for the three months ended in Sep. 2021 was C$0.47 Mil. Intercontinental Gold And Metals's Cost of Goods Sold for the three months ended in Sep. 2021 was C$1.78 Mil. Hence, Intercontinental Gold And Metals's Days Inventory for the three months ended in Sep. 2021 was 24.16.

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

TSXV:ICAU.H's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 86.88
* Ranked among companies with meaningful Days Inventory only.

Intercontinental Gold And Metals's Days Inventory declined from Sep. 2020 (197.08) to Sep. 2021 (24.16).

Inventory Turnover measures how fast the company turns over its inventory within a year. Intercontinental Gold And Metals's Inventory Turnover for the three months ended in Sep. 2021 was 3.78.

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. Intercontinental Gold And Metals's Inventory-to-Revenue for the three months ended in Sep. 2021 was 0.24.

Intercontinental Gold And Metals Days Inventory Historical Data

The historical data trend for Intercontinental Gold And 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.

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Intercontinental Gold And Metals Days Inventory Chart

Intercontinental Gold And Metals Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Days Inventory

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18.37

2.62

7.18

Intercontinental Gold And Metals Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Days Inventory	Get a 7-Day Free Trial															197.08	59.22	27.54	44.28	24.16

Competitive Comparison of Intercontinental Gold And Metals's Days Inventory

For the Gold subindustry, Intercontinental Gold And 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.

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

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

* The bar in red indicates where Intercontinental Gold And Metals's Days Inventory falls into.

Intercontinental Gold And Metals Days Inventory Calculation

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

Intercontinental Gold And Metals's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (3.156	+	0.778)	/	2 )	/	100.016	*	365
=	1.967					/	100.016	*	365
=	7.18

Intercontinental Gold And Metals's Days Inventory for the quarter that ended in Sep. 2021 is calculated as:

	Days Inventory (Q: Sep. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (0.335	+	0.607)	/	2 )	/	1.779	*	365 / 4
=	0.471					/	1.779	*	365 / 4
=	24.16

Intercontinental Gold And Metals (TSXV:ICAU.H) 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.

Intercontinental Gold And Metals's Inventory Turnover for the three months ended in Sep. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.779	/	0.471
	=	3.78

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.

Intercontinental Gold And Metals's Inventory to Revenue for the three months ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.471	/	1.977
	=	0.24

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.

Intercontinental Gold And Metals Days Inventory Related Terms

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

Intercontinental Gold And Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Intercontinental Gold And Metals Ltd (TSXV:ICAU.H) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

http://www.intercontinentalgold.com

Intercontinental Gold And Metals Ltd is a Canada-based company. It is engaged in the business of acquiring, exploring and evaluating assets with a focus on the Gold business. The company geographical segments include Canada and Bolivia.

Intercontinental Gold And Metals Headlines

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