Southern Copper (Southern Copper) Inventory Turnover : 1.38 (As of Dec. 2023)

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What is Southern Copper 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. Southern Copper's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,378 Mil. Southern Copper's Average Total Inventories for the quarter that ended in Dec. 2023 was $996 Mil. Southern Copper's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Southern Copper's Days Inventory for the three months ended in Dec. 2023 was 65.95.

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. Southern Copper's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.43.

Southern Copper Inventory Turnover Historical Data

The historical data trend for Southern Copper'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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Southern Copper Inventory Turnover Chart

Southern Copper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.16

4.66

4.89

5.48

5.44

Southern Copper Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.36	1.40	1.38	1.42	1.38

Southern Copper Inventory Turnover Calculation

Southern Copper's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	5521.3	/ (	(1013.9	+	1016.9)	/	2 )
=	5521.3	/	1015.4
=	5.44

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1378.3	/ (	(975.5	+	1016.9)	/	2 )
=	1378.3	/	996.2
=	1.38

Southern Copper (NYSE:SCCO) 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.

Southern Copper's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	996.2	/	1378.3	*	365 / 4
	=	65.95

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	996.2	/	2295.6
	=	0.43

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.

Southern Copper Inventory Turnover Related Terms

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Southern Copper (Southern Copper) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Copper Corp (NYSE:SCCO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SCCO:Peru SCCO:Mexico PCU:Germany PCU:Germany SCCO:Argentina

Address

7310 North 16th Street, Suite 135, Phoenix, AZ, USA, 85020

Website

https://www.southerncoppercorp.com

Southern Copper Corp is an integrated producer of copper and other minerals and operates the mining, smelting, and refining facilities in Peru and Mexico. Its production includes copper, molybdenum, zinc, and silver. The company operates through the following segments: Peruvian operations, Mexican open-pit operations, and Mexican underground mining operations. Southern Copper generates the majority of its revenue from the sale of copper and the rest from the sale of non-copper products, such as molybdenum, silver, zinc, lead, and gold. Its geographical segments are The Americas, Europe, and Asia.

Executives

Castillo Sanchez Mejorada Enrique	director	C/O SOUTHERN COPPER CORPORATION, 11811 NORTH TATUM BLVD., SUITE 2500, PHOENIX AZ 85028
Palomino Bonilla Luis Miguel	director	C/O SOUTHERN PERU COPPER CORP, 2575 E CAMELBACK RD, PHOENIX AZ 85016
Velasco German Larrea Mota	director, officer: Chairman of the Board and CEO
Contreras Lerdo De Tejada Leonardo	director	1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Andreve Vicente Ariztegui	director	1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Perez Alfredo Casar	director	C/O SOUTHERN COPPER CORPORATION, AV. CAMINOS DEL INCA 171, LIMA R5 33
Castro Raul Vaca	officer: General Auditor	1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Chapa Ramon Leal	officer: Senior Vice President	1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Quintanilla Daniel Muniz	director	C/O SOUTHERN COPPER CORPORATION, 11811 NORTH TATUM BLVD., SUITE 2500, PHOENIX AZ 85028
Mac Gregor Anciola Rafael	director	1440 E. MISSOURI AVENUE, STE. C160, PHOENIX AZ 85014
Lopez Abad Rafael F.	officer: General Auditor	1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Lina Vingerhoets	officer: Comptroller	1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Julian Jorge Lazalde	officer: Secretary	1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Andres C Ferrero	officer: General Counsel	1440 E MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014
Oscar Gonzalez Rocha	director, officer: President