Randgold Resources (Randgold Resources) Change In Inventory : $-15 Mil (TTM As of Sep. 2018)

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What is Randgold Resources Change In Inventory?

Randgold Resources's change in inventory for the quarter that ended in Sep. 2018 was $-23 Mil. It means Randgold Resources's inventory increased by $23 Mil from Jun. 2018 to Sep. 2018 .

Randgold Resources's change in inventory for the fiscal year that ended in Dec. 2017 was $7 Mil. It means Randgold Resources's inventory declined by $7 Mil from Dec. 2016 to Dec. 2017 .

Randgold Resources's Total Inventories for the quarter that ended in Sep. 2018 was $0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Randgold Resources's Days Inventory for the quarter that ended in Sep. 2018 was 36.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. Randgold Resources's Inventory Turnover for the quarter that ended in Sep. 2018 was 2.47.

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. Randgold Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2018 was 0.28.

Randgold Resources Change In Inventory Historical Data

The historical data trend for Randgold 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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Randgold Resources Change In Inventory Chart

Randgold Resources Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Change In Inventory

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-49.82

17.90

6.22

14.58

7.40

Randgold Resources Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Change In Inventory	Get a 7-Day Free Trial															6.10	19.94	-1.32	-10.53	-23.06

Randgold 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 Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-15 Mil.

Randgold Resources (OTCPK:RGORF) Change In Inventory Explanation

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

Randgold 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
	=	67.871	/	167.679	*	365 / 4
	=	36.94

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

Randgold Resources's Inventory Turnover for the quarter that ended in Sep. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	167.679	/	67.871
	=	2.47

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.

Randgold Resources's Inventory to Revenue for the quarter that ended in Sep. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	67.871	/	243.566
	=	0.28

Randgold Resources Change In Inventory Related Terms

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Randgold Resources (Randgold Resources) Business Description

Industry

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

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Address

Website

http://www.randgoldresources.com

Randgold Resources is an Africa-based gold mining and exploration company with mines at Mali and the Democratic Republic of Congo in Africa. The mines include Morila, Loulo, Gounkoto, Tongon and Kibali. The company also operates a project at Massawa in Senegal and a portfolio of exploration projects in the gold belts of West and Central Africa, including Mali, Senegal, Cote d'Ivoire and the Democratic Republic of Congo. Randgold Resources operates both open pit and underground mines and the majority of group revenue is generated from gold sales in Mali.