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Athabasca Minerals (TSXV:AMI) Days Inventory : 4,613.60 (As of Sep. 2023)


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What is Athabasca Minerals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Athabasca Minerals's Average Total Inventories for the three months ended in Sep. 2023 was C$2.53 Mil. Athabasca Minerals's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.05 Mil. Hence, Athabasca Minerals's Days Inventory for the three months ended in Sep. 2023 was 4,613.60.

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

TSXV:AMI' s Days Inventory Range Over the Past 10 Years
Min: 23.62   Med: 120.62   Max: 168.87
Current: 23.62

During the past 13 years, Athabasca Minerals's highest Days Inventory was 168.87. The lowest was 23.62. And the median was 120.62.

TSXV:AMI's Days Inventory is not ranked
in the Metals & Mining industry.
Industry Median: 88.19 vs TSXV:AMI: 23.62

Athabasca Minerals's Days Inventory increased from Sep. 2022 (69.30) to Sep. 2023 (4,613.60). It might indicate that Athabasca Minerals's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Athabasca Minerals's Inventory Turnover for the three months ended in Sep. 2023 was 0.02.

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. Athabasca Minerals's Inventory-to-Revenue for the three months ended in Sep. 2023 was 7.24.


Athabasca Minerals Days Inventory Historical Data

The historical data trend for Athabasca 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.

Athabasca Minerals Days Inventory Chart

Athabasca Minerals Annual Data
Trend Nov13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 168.87 120.62 146.52 28.04 25.54

Athabasca Minerals Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 69.30 13.42 27.50 19.92 4,613.60

Competitive Comparison of Athabasca Minerals's Days Inventory

For the Other Industrial Metals & Mining subindustry, Athabasca 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.


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

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

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



Athabasca Minerals Days Inventory Calculation

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

Athabasca Minerals's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (0.847 + 3.989) / 2 ) / 34.555*365
=2.418 / 34.555*365
=25.54

Athabasca Minerals's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (2.528 + 0) / 1 ) / 0.05*365 / 4
=2.528 / 0.05*365 / 4
=4,613.60

* 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.


Athabasca Minerals  (TSXV:AMI) 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.

Athabasca Minerals's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

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.

Athabasca Minerals's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

* 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.


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.


Athabasca Minerals Days Inventory Related Terms

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


Athabasca Minerals (TSXV:AMI) Business Description

Traded in Other Exchanges
N/A
Address
4409 94 Street NW, Suite 620, Edmonton, AB, CAN, T6E 6T7
Athabasca Minerals Inc is an integrated group of companies focused on the aggregates and industrial minerals sectors, including resource development, aggregates midstream supply-logistics solutions. The firm's business activities include aggregate production, sales and royalties from corporate-owned pits, management services of third-party pits, acquisitions of sand and gravel operations, and new venture development. Its segments are AMI Aggregates, AMI RockChain, and AMI Silica, Métis North Sand & Gravel, TerraShift Engineering. The company generates a majority of its revenue from the AMI Aggregates business segment.
Executives
Donald Paulencu Director

Athabasca Minerals (TSXV:AMI) Headlines

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