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First Majestic Silver Corp (NYSE:AG)
Days Inventory
52.61 (As of Jun. 2016)

First Majestic Silver Corp's average inventory for the three months ended in Jun. 2016 was $20.9 Mil. First Majestic Silver Corp's cost of goods sold for the three months ended in Jun. 2016 was $36.3 Mil. Hence, First Majestic Silver Corp's days inventory for the three months ended in Jun. 2016 was 52.61.

AG' s Days Inventory Range Over the Past 10 Years
Min: 26.48   Max: 88.8
Current: 48.21

26.48
88.8

During the past 13 years, First Majestic Silver Corp's highest Days Inventory was 88.80. The lowest was 26.48. And the median was 49.88.

AG's Days Inventory is ranked higher than
70% of the 633 Companies
in the Global Silver industry.

( Industry Median: 73.43 vs. AG: 48.21 )

First Majestic Silver Corp's days inventory increased from Jun. 2015 (44.97) to Jun. 2016 (52.61). It might indicate that First Majestic Silver Corp's sales slowed down.

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 Jun. 2016 was 28.87.

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 Jun. 2016 was 1.73.

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 Jun. 2016 was 0.32.


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. 2015 is calculated as

Days Inventory (A: Dec. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2014 ) + Inventory (A: Dec. 2015 )) / 2 ) / COGS (A: Dec. 2015 )*Days in Period
=( (17.649 + 22.204) / 2 ) / 135.674*365
=19.9265 / 135.674*365
=53.61

First Majestic Silver Corp's Days Inventory for the quarter that ended in Jun. 2016 is calculated as:

Days Inventory (Q: Jun. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Mar. 2016 ) + Inventory (Q: Jun. 2016 )) / 2 ) / COGS (Q: Jun. 2016 )*Days in Period
=( (20.199 + 21.602) / 2 ) / 36.252*365 / 4
=20.9005 / 36.252*365 / 4
=52.61

* 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 Jun. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=20.9005/66.072*365 / 4
=28.87

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 Jun. 2016 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 Jun. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=20.9005 / 66.072
=0.32

* 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

Jun06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 55.7325.7942.4335.8546.6163.7087.6579.5752.3753.61

First Majestic Silver Corp Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysInventory 72.7357.3181.9151.6648.4544.9747.7143.9151.9252.61
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