Teck Resources (Teck Resources) Change In Inventory : $0 Mil (TTM As of Dec. 2023)

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What is Teck Resources Change In Inventory?

Teck Resources's change in inventory for the quarter that ended in Dec. 2023 was $0 Mil. It means Teck Resources's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Teck Resources's change in inventory for the fiscal year that ended in Dec. 2023 was $-318 Mil. It means Teck Resources's inventory increased by $318 Mil from Dec. 2022 to Dec. 2023 .

Teck Resources's Total Inventories for the quarter that ended in Dec. 2023 was $2,196 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Teck Resources's Days Inventory for the quarter that ended in Dec. 2023 was 93.39.

Inventory Turnover measures how fast the company turns over its inventory within a year. Teck Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.98.

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. Teck Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.72.

Teck Resources Change In Inventory Historical Data

The historical data trend for Teck Resources'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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Teck Resources Change In Inventory Chart

Teck Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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12.15

78.07

-321.88

-309.90

-317.53

Teck Resources 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															-	-	-	-	-

Teck Resources 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 $0 Mil.

Teck Resources (OTCPK:TCKRF) Change In Inventory Explanation

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

Teck Resources's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2190.9885	/	2140.728	*	365 / 4
	=	93.39

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2140.728	/	2190.9885
	=	0.98

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2190.9885	/	3062.016
	=	0.72

Teck Resources Change In Inventory Related Terms

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Teck Resources (Teck Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Teck Resources Ltd (OTCPK:TCKRF) » Definitions » Change In Inventory

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Traded in Other Exchanges

TECK:USA TECK:Mexico TPT:Germany TEKB:Germany TPT:Germany TEKB:Germany TECK.B:Canada TECK.A:Canada

Address

550 Burrard Street, Suite 3300, Vancouver, BC, CAN, V6C 0B3

Website

https://www.teck.com

Teck is a diversified miner with coal, copper, and zinc operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, followed by copper and zinc. Teck is the world's second-largest exporter of seaborne metallurgical coal and is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck's attributable copper production by roughly 80%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low carbon metals such as copper. It sold its oil sands business in early 2023 and has agreed to sell its coal business, with the deal likely closing in the third quarter of 2024.