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First Majestic Silver Corp (NYSE:AG)
Days Inventory
47.71 (As of Sep. 2015)

First Majestic Silver Corp's average inventory for the three months ended in Sep. 2015 was USD 16.0 Mil. First Majestic Silver Corp's cost of goods sold for the three months ended in Sep. 2015 was USD 30.5 Mil. Hence, First Majestic Silver Corp's days inventory for the three months ended in Sep. 2015 was 47.71.

AG' s Days Inventory Range Over the Past 10 Years
Min: 22.7   Max: 88.8
Current: 49.78

22.7
88.8

During the past 13 years, First Majestic Silver Corp's highest Days Inventory was 88.80. The lowest was 22.70. And the median was 48.59.

AG's Days Inventory is ranked higher than
69% of the 605 Companies
in the Global Silver industry.

( Industry Median: 75.90 vs. AG: 49.78 )

First Majestic Silver Corp's days inventory declined from Sep. 2014 (81.91) to Sep. 2015 (47.71).

Inventory can be measured by Days Sales of Inventory (DSI). First Majestic Silver Corp's days sales of inventory (DSI) for the three months ended in Sep. 2015 was 32.62.

Inventory turnover measures how fast the company turns over its inventory within a year. First Majestic Silver Corp's inventory turnover for the three months ended in Sep. 2015 was 1.91.

Inventory to revenue ratio 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. First Majestic Silver Corp's inventory to revenue ratio for the three months ended in Sep. 2015 was 0.36.


Definition

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

First Majestic Silver Corp's Days Inventory for the fiscal year that ended in Dec. 2014 is calculated as

Days Inventory (A: Dec. 2014 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2013 ) + Inventory (A: Dec. 2014 )) / 2 ) / COGS (A: Dec. 2014 )*Days in Period
=( (26.785 + 17.649) / 2 ) / 154.843*365
=22.217 / 154.843*365
=52.37

First Majestic Silver Corp's Days Inventory for the quarter that ended in Sep. 2015 is calculated as:

Days Inventory (Q: Sep. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jun. 2015 ) + Inventory (Q: Sep. 2015 )) / 2 ) / COGS (Q: Sep. 2015 )*Days in Period
=( (16.144 + 15.794) / 2 ) / 30.545*365 / 4
=15.969 / 30.545*365 / 4
=47.71

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

First Majestic Silver Corp's Days Sales of Inventory for the three months ended in Sep. 2015 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=15.969/44.673*365 / 4
=32.62

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

First Majestic Silver Corp's Inventory Turnover for the three months ended in Sep. 2015 is calculated as

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.

First Majestic Silver Corp's Inventory to Revenue for the three months ended in Sep. 2015 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

First Majestic Silver Corp Annual Data

Jun05Jun06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysInventory 22.7055.8825.7942.4335.8546.6163.7087.6579.5752.37

First Majestic Silver Corp Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
DaysInventory 106.6773.880.0072.7357.3181.910.0048.4544.9747.71
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