Cerro De Pasco Resources (XCNQ:CDPR) Inventory Turnover : 1.45 (As of Sep. 2023)

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What is Cerro De Pasco Resources 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. Cerro De Pasco Resources's Cost of Goods Sold for the three months ended in Sep. 2023 was C$4.63 Mil. Cerro De Pasco Resources's Average Total Inventories for the quarter that ended in Sep. 2023 was C$3.18 Mil. Cerro De Pasco Resources's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cerro De Pasco Resources's Days Inventory for the three months ended in Sep. 2023 was 62.75.

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. Cerro De Pasco Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 2.03.

Cerro De Pasco Resources Inventory Turnover Historical Data

The historical data trend for Cerro De Pasco Resources'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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Cerro De Pasco Resources Inventory Turnover Chart

Cerro De Pasco Resources Annual Data

Trend

Dec13

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Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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1.94

17.61

Cerro De Pasco Resources Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															4.31	5.49	5.87	5.04	1.45

Cerro De Pasco Resources Inventory Turnover Calculation

Cerro De Pasco Resources's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	56.822	/ (	(2.991	+	3.461)	/	2 )
=	56.822	/	3.226
=	17.61

Cerro De Pasco Resources's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	4.628	/ (	(2.981	+	3.384)	/	2 )
=	4.628	/	3.1825
=	1.45

Cerro De Pasco Resources (XCNQ:CDPR) 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.

Cerro De Pasco Resources's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	3.1825	/	4.628	*	365 / 4
	=	62.75

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.

Cerro De Pasco Resources's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	3.1825	/	1.57
	=	2.03

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.

Cerro De Pasco Resources Inventory Turnover Related Terms

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Cerro De Pasco Resources (XCNQ:CDPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cerro De Pasco Resources Inc (XCNQ:CDPR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GPPRF:USA N8HP:Germany

Address

22, rue Lafleur Nord, Bureau 203, Saint-Sauveur, QC, CAN, J0R 1R0

Website

https://www.pascoresources.com

Cerro De Pasco Resources Inc is engaged in acquiring and exploring mineral properties. It treats and reprocesses all dumps, tailings, mining waste, and material resources in the Cerro de Pasco Region in Peru. Its projects include the Quiulacocha tailings and Excelsior Stockpile.

Executives

Guy Goulet

Director, Senior Officer

Cerro De Pasco Resources (XCNQ:CDPR) Headlines

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