Wiluna Mining (ASX:WMC) Days Inventory : 48.01 (As of Jun. 2022)

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What is Wiluna Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wiluna Mining's Average Total Inventories for the six months ended in Jun. 2022 was A$17.27 Mil. Wiluna Mining's Cost of Goods Sold for the six months ended in Jun. 2022 was A$65.65 Mil. Hence, Wiluna Mining's Days Inventory for the six months ended in Jun. 2022 was 48.01.

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

ASX:WMC's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 88.02
* Ranked among companies with meaningful Days Inventory only.

Wiluna Mining's Days Inventory declined from Jun. 2021 (102.79) to Jun. 2022 (48.01).

Inventory Turnover measures how fast the company turns over its inventory within a year. Wiluna Mining's Inventory Turnover for the six months ended in Jun. 2022 was 3.80.

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. Wiluna Mining's Inventory-to-Revenue for the six months ended in Jun. 2022 was 1.07.

Wiluna Mining Days Inventory Historical Data

The historical data trend for Wiluna Mining'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.

Wiluna Mining Days Inventory Chart

Wiluna Mining Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Days Inventory

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35.06

44.64

51.80

75.66

78.87

Wiluna Mining Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Days Inventory	Get a 7-Day Free Trial															60.47	90.58	102.79	149.02	48.01

Competitive Comparison of Wiluna Mining's Days Inventory

For the Gold subindustry, Wiluna Mining'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.

Wiluna Mining's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Wiluna Mining's Days Inventory falls into.

Wiluna Mining Days Inventory Calculation

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

Wiluna Mining's Days Inventory for the fiscal year that ended in Jun. 2022 is calculated as

	Days Inventory (A: Jun. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2021 )	+	Total Inventories (A: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2022 )	*	Days in Period
=	( (26.118	+	14.476)	/	2 )	/	93.929	*	365
=	20.297					/	93.929	*	365
=	78.87

Wiluna Mining's Days Inventory for the quarter that ended in Jun. 2022 is calculated as:

	Days Inventory (Q: Jun. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
=	( (20.065	+	14.476)	/	2 )	/	65.649	*	365 / 2
=	17.2705					/	65.649	*	365 / 2
=	48.01

Wiluna Mining (ASX:WMC) 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.

Wiluna Mining's Inventory Turnover for the six months ended in Jun. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	65.649	/	17.2705
	=	3.80

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.

Wiluna Mining's Inventory to Revenue for the six months ended in Jun. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	17.2705	/	16.167
	=	1.07

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.

Wiluna Mining Days Inventory Related Terms

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

Wiluna Mining (ASX:WMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wiluna Mining Corp Ltd (ASX:WMC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

643 Murray Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.wilunamining.com.au

Wiluna Mining Corp Ltd is a Perth-based gold mining company that controls over 1,600 square kilometers of the Yilgarn Craton in the Northern Goldfields of WA. The principal activities of the company are the production of gold from the Wiluna Gold Operation; and gold exploration and development. Its project portfolio includes Wiluna, Regent, Lake Way, and Matilda.