Sierra Madre Gold And Silver (TSXV:SM) Days Inventory : 30.95 (As of Sep. 2024)

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What is Sierra Madre Gold And Silver Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sierra Madre Gold And Silver's Average Total Inventories for the three months ended in Sep. 2024 was C$1.05 Mil. Sierra Madre Gold And Silver's Cost of Goods Sold for the three months ended in Sep. 2024 was C$3.10 Mil. Hence, Sierra Madre Gold And Silver's Days Inventory for the three months ended in Sep. 2024 was 30.95.

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

TSXV:SM' s Days Inventory Range Over the Past 10 Years
Min: 87.07 Med: 10356.88 Max: 12045
Current: 87.07

During the past 4 years, Sierra Madre Gold And Silver's highest Days Inventory was 12045.00. The lowest was 87.07. And the median was 10356.88.

TSXV:SM's Days Inventory is ranked worse than
50.46% of 650 companies
in the Metals & Mining industry
Industry Median: 86.4 vs TSXV:SM: 87.07

Sierra Madre Gold And Silver's Days Inventory increased from Sep. 2023 (0.00) to Sep. 2024 (30.95). It might indicate that Sierra Madre Gold And Silver's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sierra Madre Gold And Silver's Inventory Turnover for the three months ended in Sep. 2024 was 2.95.

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. Sierra Madre Gold And Silver's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.31.

Sierra Madre Gold And Silver Days Inventory Historical Data

The historical data trend for Sierra Madre Gold And Silver'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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Sierra Madre Gold And Silver Days Inventory Chart

Sierra Madre Gold And Silver Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

12,045.00

8,668.75

Sierra Madre Gold And Silver Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial														-	2,037.92	10,119.63	14,043.38	30.95

Competitive Comparison of Sierra Madre Gold And Silver's Days Inventory

For the Other Precious Metals & Mining subindustry, Sierra Madre Gold And Silver'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.

Sierra Madre Gold And Silver's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sierra Madre Gold And Silver's Days Inventory falls into.

Sierra Madre Gold And Silver Days Inventory Calculation

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

Sierra Madre Gold And Silver'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
=	( (0.594	+	0.546)	/	2 )	/	0.024	*	365
=	0.57					/	0.024	*	365
=	8,668.75

Sierra Madre Gold And Silver's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.976	+	1.126)	/	2 )	/	3.099	*	365 / 4
=	1.051					/	3.099	*	365 / 4
=	30.95

Sierra Madre Gold And Silver (TSXV:SM) 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.

Sierra Madre Gold And Silver's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.099	/	1.051
	=	2.95

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.

Sierra Madre Gold And Silver's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.051	/	3.435
	=	0.31

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.

Sierra Madre Gold And Silver Days Inventory Related Terms

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

Sierra Madre Gold And Silver Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sierra Madre Gold And Silver Ltd (TSXV:SM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SMDRF:USA 409:Germany

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.sierramadregoldandsilver.com

Sierra Madre Gold And Silver Ltd is engaged in the business of mineral exploration and development in Canada and Mexico. The company's projects include the La Guitarra project, the Tepic project, and the La Tigra project.

Executives