Goldcorp (Goldcorp) Inventory Turnover : 1.63 (As of Dec. 2018)

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What is Goldcorp Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Goldcorp's Cost of Goods Sold for the three months ended in Dec. 2018 was $713 Mil. Goldcorp's Average Total Inventories for the quarter that ended in Dec. 2018 was $438 Mil. Goldcorp's Inventory Turnover for the quarter that ended in Dec. 2018 was 1.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Goldcorp's Days Inventory for the three months ended in Dec. 2018 was 55.99.

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. Goldcorp's Inventory-to-Revenue for the quarter that ended in Dec. 2018 was 0.57.

Goldcorp Inventory Turnover Historical Data

The historical data trend for Goldcorp's Inventory Turnover 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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Goldcorp Inventory Turnover Chart

Goldcorp Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Inventory Turnover

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3.78

6.56

7.37

7.10

5.96

Goldcorp Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Inventory Turnover	Get a 7-Day Free Trial															1.69	1.61	1.60	1.61	1.63

Goldcorp Inventory Turnover Calculation

Goldcorp's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Inventory Turnover (A: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2018 )	/ (	(Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )
=	2777	/ (	(441	+	491)	/	2 )
=	2777	/	466
=	5.96

Goldcorp's Inventory Turnover for the quarter that ended in Dec. 2018 is calculated as

	Inventory Turnover (Q: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2018 )	/ (	(Total Inventories (Q: Sep. 2018 )	+	Total Inventories (Q: Dec. 2018 ))	/	count )
=	713	/ (	(384	+	491)	/	2 )
=	713	/	437.5
=	1.63

Goldcorp (NYSE:GG) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Goldcorp's Days Inventory for the three months ended in Dec. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2018 )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
	=	437.5	/	713	*	365 / 4
	=	55.99

2. 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.

Goldcorp's Inventory to Revenue for the quarter that ended in Dec. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2018 )	/	Revenue (Q: Dec. 2018 )
	=	437.5	/	772
	=	0.57

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Goldcorp Inventory Turnover Related Terms

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Goldcorp (Goldcorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldcorp Inc (NYSE:GG) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

666 Burrard Street, Suite 3400, Park Place, Vancouver, BC, CAN, V6C 2X8

Website

http://www.goldcorp.com

Goldcorp is a senior gold mining company with operations in Canada, the United States, Mexico, and Latin America. It produced roughly 2.3 million ounces of gold in 2018. Goldcorp has historically focused on stable mining jurisdictions in North and South America while targeting rapid production growth through internal development and acquisitions. As of Dec. 31, 2018, Goldcorp had 52.8 million ounces of proven and probable gold reserves.