Kinross Gold (Kinross Gold) Change In Inventory : $-91 Mil (TTM As of Dec. 2023)

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What is Kinross Gold Change In Inventory?

Kinross Gold's change in inventory for the quarter that ended in Dec. 2023 was $2 Mil. It means Kinross Gold's inventory declined by $2 Mil from Sep. 2023 to Dec. 2023 .

Kinross Gold's change in inventory for the fiscal year that ended in Dec. 2023 was $-91 Mil. It means Kinross Gold's inventory increased by $91 Mil from Dec. 2022 to Dec. 2023 .

Kinross Gold's Total Inventories for the quarter that ended in Dec. 2023 was $1,153 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kinross Gold's Days Inventory for the quarter that ended in Dec. 2023 was 124.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kinross Gold's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.73.

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. Kinross Gold's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.06.

Kinross Gold Change In Inventory Historical Data

The historical data trend for Kinross Gold's Change In 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.

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Kinross Gold Change In Inventory Chart

Kinross Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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53.80

-6.80

-125.00

-261.60

-91.40

Kinross Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-39.20	-43.20	-39.90	-10.10	1.80

Kinross Gold Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-91 Mil.

Kinross Gold (NYSE:KGC) Change In Inventory Explanation

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

Kinross Gold's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1177.65	/	862.6	*	365 / 4
	=	124.58

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Kinross Gold's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	862.6	/	1177.65
	=	0.73

3. 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.

Kinross Gold's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1177.65	/	1115.7
	=	1.06

Kinross Gold Change In Inventory Related Terms

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Kinross Gold (Kinross Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kinross Gold Corp (NYSE:KGC) » Definitions » Change In Inventory

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Traded in Other Exchanges

0R2D:UK KIN2:Germany KIN2:Germany KIN2:Germany K:Canada KGC:Argentina

Address

25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5

Website

https://www.kinross.com

Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2022. The company had about a decade of gold reserves at the end of 2022. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.