Jaguar Mining (TSX:JAG) Inventory Turnover : 1.74 (As of Jun. 2024)

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What is Jaguar Mining 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. Jaguar Mining's Cost of Goods Sold for the three months ended in Jun. 2024 was C$38.0 Mil. Jaguar Mining's Average Total Inventories for the quarter that ended in Jun. 2024 was C$21.8 Mil. Jaguar Mining's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jaguar Mining's Days Inventory for the three months ended in Jun. 2024 was 52.38.

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. Jaguar Mining's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.36.

Jaguar Mining Inventory Turnover Historical Data

The historical data trend for Jaguar Mining'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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Jaguar Mining Inventory Turnover Chart

Jaguar Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.90

5.82

6.75

6.97

6.49

Jaguar Mining Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															1.76	1.73	1.62	1.54	1.74

Jaguar Mining Inventory Turnover Calculation

Jaguar Mining'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 )
=	139.584	/ (	(22.061	+	20.981)	/	2 )
=	139.584	/	21.521
=	6.49

Jaguar Mining's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	37.997	/ (	(23.679	+	19.941)	/	2 )
=	37.997	/	21.81
=	1.74

Jaguar Mining (TSX:JAG) 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.

Jaguar Mining's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	21.81	/	37.997	*	365 / 4
	=	52.38

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.

Jaguar Mining's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	21.81	/	61.37
	=	0.36

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.

Jaguar Mining Inventory Turnover Related Terms

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Jaguar Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jaguar Mining Inc (TSX:JAG) » Definitions » Inventory Turnover

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Traded in Other Exchanges

JAGGF:USA 32JP:Germany

Address

100 King Street West, First Canadian Place, Suite 5600, 56th Floor, Toronto, ON, CAN, M5X 1C9

Website

https://www.jaguarmining.com

Jaguar Mining Inc is a junior gold mining company. The company is engaged in the acquisition, exploration, development, and operation of gold-producing properties in Brazil. Its principal operating assets are located in the Iron Quadrangle, a prolific greenstone belt in the state of Minas Gerais and include the Turmalina Gold Mine Complex and Caete Gold Mine Complex (Pilar and Roca Grande mines, and Caete Plant) which combined, produce more than 95,000 ounces of gold annually. The company also owns the Paciencia Gold Mine Complex.

Executives