Eldorado Gold (Eldorado Gold) Inventory Turnover : 0.72 (As of Mar. 2024)

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What is Eldorado Gold 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. Eldorado Gold's Cost of Goods Sold for the three months ended in Mar. 2024 was $177 Mil. Eldorado Gold's Average Total Inventories for the quarter that ended in Mar. 2024 was $246 Mil. Eldorado Gold's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eldorado Gold's Days Inventory for the three months ended in Mar. 2024 was 126.25.

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. Eldorado Gold's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.96.

Eldorado Gold Inventory Turnover Historical Data

The historical data trend for Eldorado Gold'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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Eldorado Gold Inventory Turnover Chart

Eldorado Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.24

4.05

3.80

3.71

3.40

Eldorado Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.83	0.80	0.76	0.87	0.72

Eldorado Gold Inventory Turnover Calculation

Eldorado Gold'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 )
=	740.034	/ (	(198.872	+	235.89)	/	2 )
=	740.034	/	217.381
=	3.40

Eldorado Gold's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	177.485	/ (	(235.89	+	255.228)	/	2 )
=	177.485	/	245.559
=	0.72

Eldorado Gold (NYSE:EGO) 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.

Eldorado Gold's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	245.559	/	177.485	*	365 / 4
	=	126.25

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.

Eldorado Gold's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	245.559	/	256.065
	=	0.96

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.

Eldorado Gold Inventory Turnover Related Terms

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Eldorado Gold (Eldorado Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eldorado Gold Corp (NYSE:EGO) » Definitions » Inventory Turnover

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ELO1:Germany ELD:Canada

Address

550 Burrard Street, Suite 1188, Bentall 5, Vancouver, BC, CAN, V6C 2B5

Website

https://www.eldoradogold.com

Eldorado Gold Corp is a gold and base metals producer with mining, development, and exploration operations in Turkey, Canada, Greece and Romania. It has a portfolio of high-quality assets and long-term partnerships with local communities. Some of its projects include Kisladag, Efemcukuru, Skouries; Perama Hill, and Certej projects.