Asia Resource Minerals (LSE:ARMS) Days Inventory : 9.89 (As of Dec. 2014)

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What is Asia Resource Minerals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Asia Resource Minerals's Average Total Inventories for the six months ended in Dec. 2014 was £19.2 Mil. Asia Resource Minerals's Cost of Goods Sold for the six months ended in Dec. 2014 was £354.6 Mil. Hence, Asia Resource Minerals's Days Inventory for the six months ended in Dec. 2014 was 9.89.

The historical rank and industry rank for Asia Resource Minerals's Days Inventory or its related term are showing as below:

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

Asia Resource Minerals's Days Inventory declined from Dec. 2013 (10.54) to Dec. 2014 (9.89).

Inventory Turnover measures how fast the company turns over its inventory within a year. Asia Resource Minerals's Inventory Turnover for the six months ended in Dec. 2014 was 18.46.

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. Asia Resource Minerals's Inventory-to-Revenue for the six months ended in Dec. 2014 was 0.05.

Asia Resource Minerals Days Inventory Historical Data

The historical data trend for Asia Resource Minerals'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.

Asia Resource Minerals Days Inventory Chart

Asia Resource Minerals Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Days Inventory

12.50

11.24

11.34

9.60

Asia Resource Minerals Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14
Days Inventory	Get a 7-Day Free Trial			11.77	10.58	10.54	11.37	9.89

Competitive Comparison of Asia Resource Minerals's Days Inventory

For the Other Industrial Metals & Mining subindustry, Asia Resource Minerals'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.

Asia Resource Minerals's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Asia Resource Minerals's Days Inventory falls into.

Asia Resource Minerals Days Inventory Calculation

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

Asia Resource Minerals's Days Inventory for the fiscal year that ended in Dec. 2014 is calculated as

	Days Inventory (A: Dec. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2013 )	+	Total Inventories (A: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2014 )	*	Days in Period
=	( (23.79	+	15.975)	/	2 )	/	755.937	*	365
=	19.8825					/	755.937	*	365
=	9.60

Asia Resource Minerals's Days Inventory for the quarter that ended in Dec. 2014 is calculated as:

	Days Inventory (Q: Dec. 2014 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2014 )	+	Total Inventories (Q: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2014 )	*	Days in Period
=	( (22.458	+	15.975)	/	2 )	/	354.645	*	365 / 2
=	19.2165					/	354.645	*	365 / 2
=	9.89

Asia Resource Minerals (LSE:ARMS) 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.

Asia Resource Minerals's Inventory Turnover for the six months ended in Dec. 2014 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	354.645	/	19.2165
	=	18.46

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.

Asia Resource Minerals's Inventory to Revenue for the six months ended in Dec. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19.2165	/	422.379
	=	0.05

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.

Asia Resource Minerals Days Inventory Related Terms

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

Asia Resource Minerals (LSE:ARMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Asia Resource Minerals PLC (LSE:ARMS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.asiarmplc.com

Asia Resource Minerals PLC was incorporated on December 03, 2010. The Company, together with its subsidiaries is engaged in coal mining operations and exploration and development of mineral mining concessions. The Company's coal operations are located near Tanjung Redeb, East Kalimantan, in Indonesia. Its subsidiary, PT Berau, has three open cut mining operations, namely Lati, Binungan and Sambarata, located in an 118,400 hectare concession area in East Kalimantan. Production of thermal coal is blended to adjust the overall quality grade of the product, with current calorific values ranging from 5,000 kcal/kg to 6,100 kcal/kg (on a gross as received' basis) for use in coal fired power plants.

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