Pretium Resources (Pretium Resources) Days Inventory : 26.71 (As of Sep. 2021)

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What is Pretium Resources Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pretium Resources's Average Total Inventories for the three months ended in Sep. 2021 was $28.2 Mil. Pretium Resources's Cost of Goods Sold for the three months ended in Sep. 2021 was $96.3 Mil. Hence, Pretium Resources's Days Inventory for the three months ended in Sep. 2021 was 26.71.

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

PVG' s Days Inventory Range Over the Past 10 Years
Min: 19.49 Med: 27.68 Max: 74.92
Current: 22.13

During the past 11 years, Pretium Resources's highest Days Inventory was 74.92. The lowest was 19.49. And the median was 27.68.

PVG's Days Inventory is not ranked
in the Metals & Mining industry.
Industry Median: 88.605 vs PVG: 22.13

Pretium Resources's Days Inventory increased from Sep. 2020 (23.58) to Sep. 2021 (26.71). It might indicate that Pretium Resources's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pretium Resources's Inventory Turnover for the three months ended in Sep. 2021 was 3.42.

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. Pretium Resources's Inventory-to-Revenue for the three months ended in Sep. 2021 was 0.19.

Pretium Resources Days Inventory Historical Data

The historical data trend for Pretium 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.

* Premium members only.

Pretium Resources Days Inventory Chart

Pretium Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Inventory

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74.92

30.28

25.58

19.20

Pretium Resources Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Days Inventory	Get a 7-Day Free Trial															23.58	16.39	20.72	22.93	26.71

Competitive Comparison of Pretium Resources's Days Inventory

For the Gold subindustry, Pretium 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.

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

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

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

Pretium Resources Days Inventory Calculation

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

Pretium Resources's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (21.945	+	19.757)	/	2 )	/	396.304	*	365
=	20.851					/	396.304	*	365
=	19.20

Pretium Resources's Days Inventory for the quarter that ended in Sep. 2021 is calculated as:

	Days Inventory (Q: Sep. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (26.329	+	30.009)	/	2 )	/	96.252	*	365 / 4
=	28.169					/	96.252	*	365 / 4
=	26.71

Pretium Resources (NYSE:PVG) 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.

Pretium Resources's Inventory Turnover for the three months ended in Sep. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	96.252	/	28.169
	=	3.42

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.

Pretium Resources's Inventory to Revenue for the three months ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	28.169	/	146.825
	=	0.19

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.

Pretium Resources Days Inventory Related Terms

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

Pretium Resources (Pretium Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pretium Resources Inc (NYSE:PVG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 Dunsmuir Street, Suite 2300, P.O. Box 49334, Four Bentall Centre, Vancouver, BC, CAN, V7X 1L4

Website

https://www.pretivm.com

Pretium Resources Inc is an exploration and development company engaged in the acquisition, exploration, and development of precious metal resource properties in the Americas. The Brucejack Project is the company's primary mineral project, which involves near-mine exploration and off-mining leases infrastructure in Brucejack mine, located in northwestern British Columbia, Canada. The company is currently at the engineering and construction phase, progressing toward production as a high-grade underground gold mine. Gold metal is the company's core revenue driver.