Idaho Strategic Resources (Idaho Strategic Resources) Days Inventory : 24.95 (As of Mar. 2024)

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What is Idaho Strategic Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Idaho Strategic Resources's Average Total Inventories for the three months ended in Mar. 2024 was $0.84 Mil. Idaho Strategic Resources's Cost of Goods Sold for the three months ended in Mar. 2024 was $3.06 Mil. Hence, Idaho Strategic Resources's Days Inventory for the three months ended in Mar. 2024 was 24.95.

The historical rank and industry rank for Idaho Strategic Resources's Days Inventory or its related term are showing as below:

IDR' s Days Inventory Range Over the Past 10 Years
Min: 13.84 Med: 19.68 Max: 141.09
Current: 25.4

During the past 13 years, Idaho Strategic Resources's highest Days Inventory was 141.09. The lowest was 13.84. And the median was 19.68.

IDR's Days Inventory is ranked better than
91.7% of 663 companies
in the Metals & Mining industry
Industry Median: 88.57 vs IDR: 25.40

Idaho Strategic Resources's Days Inventory increased from Mar. 2023 (21.45) to Mar. 2024 (24.95). It might indicate that Idaho Strategic Resources's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Idaho Strategic Resources's Inventory Turnover for the three months ended in Mar. 2024 was 3.66.

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. Idaho Strategic Resources's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.14.

Idaho Strategic Resources Days Inventory Historical Data

The historical data trend for Idaho Strategic Resources'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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Idaho Strategic Resources Days Inventory Chart

Idaho Strategic Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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13.84

20.44

15.77

18.92

28.15

Idaho Strategic Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															21.45	22.43	28.19	27.94	24.95

Competitive Comparison of Idaho Strategic Resources's Days Inventory

For the Gold subindustry, Idaho Strategic Resources'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.

Idaho Strategic Resources's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Idaho Strategic Resources's Days Inventory falls into.

Idaho Strategic Resources Days Inventory Calculation

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

Idaho Strategic Resources'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
=	( (0.618	+	0.877)	/	2 )	/	9.692	*	365
=	0.7475					/	9.692	*	365
=	28.15

Idaho Strategic Resources's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.877	+	0.797)	/	2 )	/	3.061	*	365 / 4
=	0.837					/	3.061	*	365 / 4
=	24.95

Idaho Strategic Resources (AMEX:IDR) 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.

Idaho Strategic Resources's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.061	/	0.837
	=	3.66

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.

Idaho Strategic Resources's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.837	/	5.899
	=	0.14

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.

Idaho Strategic Resources Days Inventory Related Terms

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

Idaho Strategic Resources (Idaho Strategic Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Idaho Strategic Resources Inc (AMEX:IDR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 N. Third Street, Coeur d’Alene, ID, USA, 83814

Website

https://www.idahostrategic.com

Idaho Strategic Resources Inc is a vertically integrated, operating junior mining company. It produces gold at the Golden Chest Mine. In addition to gold and gold production, the company maintains a strategic and domestic presence in the Critical Minerals sector and is focused on advancing its officially recognized Lemhi Pass, Diamond Creek and Roberts Rare Earth Element projects in central Idaho.

Executives

Carolyn S Turner	director	P.O. BOX 87, KINGSTON ID 83839
Richard Scott Beaven	director	201 N. 3RD ST., COEUR D'ALENE ID 83814
John Swallow	director, 10 percent owner, officer: President	905 SOUTH JARVIS ROAD, COEUR D'ALENE ID 83814
Grant A Brackebusch	director, officer: Vice President	P.O. BOX 1019, KELLOGG IA 83837
Monique D Hayes	officer: Corporate Secretary	11115 E. MONTGOMERY, SUITE G, SPOKANE VALLEY WA 99206
Robert John Morgan	officer: VP Exploration	201 N 3RD ST, COEUR D ALENE ID 83814-2806
Kevin G Shiell	director	STILLWATER MINING COMPANY, 1321 DISCOVERY DRIVE, BILLINGS MT 59102
Juniper Resources Llc	other: Strategic Partnership	967 E PARKCENTER BLVD. #365, BOISE ID 83706
Delbert W Steiner	director	3555 COUNTRY CLUB DR, LEWISTON ID 83501
R. Patrick Highsmith	director, officer: President/CEO	6852 S. CLAYTON WAY, CENTENNIAL CO 80122
Mine Systems Design Inc	10 percent owner	PO BOX 1019, KELLOGG ID 83837
M Kathleen Sims	director	PO BOX 1019, KELLOGG ID 93837
Ivan R Linscott	director	PO BOX 1019, KELLOGG ID 83837
William C Rust	director	PO BOX 1019, KELLOGG ID 83837
Fred W Brackebusch	director, 10 percent owner, officer: CEO	P.O. BOX 1019, KELLOGG ID 83837