Denison Mines (TSX:DML) Total Inventories : C$3.75 Mil (As of Dec. 2024)

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What is Denison Mines Total Inventories?

Denison Mines's total inventories for the quarter that ended in Dec. 2024 was C$3.75 Mil. Denison Mines's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was C$3.70 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Denison Mines's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was C$0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Denison Mines's Days Inventory for the three months ended in Dec. 2024 was 281.44.

Inventory Turnover measures how fast the company turns over its inventory within a year. Denison Mines's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.32.

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. Denison Mines's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 3.16.

Denison Mines Total Inventories Historical Data

The historical data trend for Denison Mines's Total Inventories 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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Denison Mines Total Inventories Chart

Denison Mines Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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3.02

3.45

2.71

3.58

3.75

Denison Mines Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Inventories	Get a 7-Day Free Trial															3.58	3.10	3.21	3.64	3.75

Denison Mines Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Denison Mines (TSX:DML) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Denison Mines's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is

	Net-Net Working Capital Per Share (Q: Dec. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(114.81	+	0.75 * 3.075	+	0.5 * 3.746	-	99.291
-	0	-	0)	/	895.713
=	0.02

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

Denison Mines's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	3.695	/	1.198	*	365 / 4
	=	281.44

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Denison Mines's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2024 )	/	Average Total Inventories (Q: Dec. 2024 )
	=	1.198	/	3.695
	=	0.32

4. 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.

Denison Mines's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	3.695	/	1.17
	=	3.16

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Denison Mines Total Inventories Related Terms

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Denison Mines Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Denison Mines Corp (TSX:DML) » Definitions » Total Inventories

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DNN:USA 0URY:UK IUQ:Germany IUQ:Germany

Address

40 University Avenue, Suite 1100, Toronto, ON, CAN, M5J 1T1

Website

https://www.denisonmines.com

Denison Mines Corp is a uranium exploration and development company focused on the Athabasca Basin region of northern Saskatchewan, Canada. The company holds a noteworthy 95% interest in its flagship Wheeler River Uranium Project, the undeveloped uranium project located in the infrastructure-rich eastern part of the Athabasca Basin. Additionally, it is involved in mine decommissioning and environmental services through its Closed Mines group, which manages the Elliot Lake reclamation projects and offers third-party post-closure mine care and maintenance services. The Company operates in two main segments: the Mining segment and the Corporate and Other segment. The majority of revenue is generated from the mining segment.

Executives

Andrew Alan Yackulic	Senior Officer
David Daniel Cates	Director, Senior Officer
Elizabeth Sidle	Senior Officer
Amanda Willett	Senior Officer
David Lionel Bronkhorst	Senior Officer
Michael James Schoonderwoerd	Senior Officer
Timothy Stephen Gabruch	Senior Officer
Patricia Mary Volker	Director
W. Robert Dengler	Director

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