Inmet Mining (FRA:MMC) Days Inventory : 69.04 (As of Dec. 2012)

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What is Inmet Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Inmet Mining's Average Total Inventories for the three months ended in Dec. 2012 was €67.7 Mil. Inmet Mining's Cost of Goods Sold for the three months ended in Dec. 2012 was €89.5 Mil. Hence, Inmet Mining's Days Inventory for the three months ended in Dec. 2012 was 69.04.

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

FRA:MMC's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 88.535
* Ranked among companies with meaningful Days Inventory only.

Inmet Mining's Days Inventory increased from Dec. 2011 (49.44) to Dec. 2012 (69.04). It might indicate that Inmet Mining's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Inmet Mining's Inventory Turnover for the three months ended in Dec. 2012 was 1.32.

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. Inmet Mining's Inventory-to-Revenue for the three months ended in Dec. 2012 was 0.34.

Inmet Mining Days Inventory Historical Data

The historical data trend for Inmet 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.

Inmet Mining Days Inventory Chart

Inmet Mining Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Days Inventory

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46.71

57.15

53.26

56.67

71.65

Inmet Mining Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Days Inventory	Get a 7-Day Free Trial															49.44	70.23	69.29	66.97	69.04

Competitive Comparison of Inmet Mining's Days Inventory

For the Other Industrial Metals & Mining subindustry, Inmet 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.

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

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

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

Inmet Mining Days Inventory Calculation

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

Inmet Mining's Days Inventory for the fiscal year that ended in Dec. 2012 is calculated as

	Days Inventory (A: Dec. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2011 )	+	Total Inventories (A: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2012 )	*	Days in Period
=	( (67.39	+	70.408)	/	2 )	/	350.994	*	365
=	68.899					/	350.994	*	365
=	71.65

Inmet Mining's Days Inventory for the quarter that ended in Dec. 2012 is calculated as:

	Days Inventory (Q: Dec. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2012 )	+	Total Inventories (Q: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2012 )	*	Days in Period
=	( (64.989	+	70.408)	/	2 )	/	89.48	*	365 / 4
=	67.6985					/	89.48	*	365 / 4
=	69.04

Inmet Mining (FRA:MMC) 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.

Inmet Mining's Inventory Turnover for the three months ended in Dec. 2012 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	89.48	/	67.6985
	=	1.32

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.

Inmet Mining's Inventory to Revenue for the three months ended in Dec. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	67.6985	/	198.019
	=	0.34

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.

Inmet Mining Days Inventory Related Terms

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

Inmet Mining (FRA:MMC) Business Description

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Inmet Mining Corporation is a Canadian-based global mining company that produces base metals with a focus on copper. It operates and develops underground and open pit mines safely, responsibly and cost effectively. The Company has three operating properties and one development property around the world. Ã‡ayeli is an underground mine on the Black Sea coast of northeastern Turkey. It produces copper and zinc concentrates, which are sold to international and domestic smelters and traders. Las Cruces is an open pit mine in southern Spain. Las Cruces uses leaching and electrowinning technology to produce copper cathode which are sold to buyers in the Spanish and Mediterranean markets. PyhÃ¤salmi is an underground copper and zinc mine in central Finland. It produces copper, zinc and pyrite concentrates. Copper and zinc concentrates are sold under long-term contracts to smelters in Finland. Pyrite is sold under contract to customers in Europe and Asia as well as in the spot market. Cobre Panama is an open pit copper development project in Panama.