Orvana Minerals (Orvana Minerals) Change In Inventory : $2.71 Mil (TTM As of Dec. 2023)

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What is Orvana Minerals Change In Inventory?

Orvana Minerals's change in inventory for the quarter that ended in Dec. 2023 was $1.41 Mil. It means Orvana Minerals's inventory declined by $1.41 Mil from Sep. 2023 to Dec. 2023 .

Orvana Minerals's change in inventory for the fiscal year that ended in Sep. 2023 was $-0.03 Mil. It means Orvana Minerals's inventory increased by $0.03 Mil from Sep. 2022 to Sep. 2023 .

Orvana Minerals's Total Inventories for the quarter that ended in Dec. 2023 was $10.83 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Orvana Minerals's Days Inventory for the quarter that ended in Dec. 2023 was 48.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. Orvana Minerals's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.88.

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. Orvana Minerals's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.58.

Orvana Minerals Change In Inventory Historical Data

The historical data trend for Orvana Minerals'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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Orvana Minerals Change In Inventory Chart

Orvana Minerals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Inventory

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0.37

1.44

-3.20

3.14

-0.03

Orvana Minerals 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															-1.33	-2.14	0.50	2.93	1.41

Orvana Minerals 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 $2.71 Mil.

Orvana Minerals (OTCPK:ORVMF) Change In Inventory Explanation

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

Orvana Minerals's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	11.7555	/	22.139	*	365 / 4
	=	48.45

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	22.139	/	11.7555
	=	1.88

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11.7555	/	20.124
	=	0.58

Orvana Minerals Change In Inventory Related Terms

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Orvana Minerals (Orvana Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orvana Minerals Corp (OTCPK:ORVMF) » Definitions » Change In Inventory

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Traded in Other Exchanges

O6M:Germany ORV:Canada

Address

70 York Street, Suite 1710, Toronto, ON, CAN, M5J 1S9

Website

https://www.orvana.com

Orvana Minerals Corp is a Canadian mining and exploration company that is involved in the evaluation, development, and mining of precious and base metal deposits. The company predominantly operates in the gold and copper mining industry and its majority of the products are gold dore and gold/copper concentrates. Its properties include El Valle and Carles mines and the El Valle processing plant (collectively, El Valle), producer of copper concentrate and dore, Don Mario Operation and Taguas Property. The company's segments include Orovalle, which operates El Valle Mine in Spain, EMIPA which operates Don Mario Mine in Bolivia, Orvana Argentina and Corporate. Majority of the revenue for the company is generated from its Orovalle segment.