Goldcorp (Goldcorp) Inventory-to-Revenue : 0.57 (As of Dec. 2018)

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What is Goldcorp Inventory-to-Revenue?

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. Goldcorp's Average Total Inventories for the quarter that ended in Dec. 2018 was $438 Mil. Goldcorp's Revenue for the three months ended in Dec. 2018 was $772 Mil. Goldcorp's Inventory-to-Revenue for the quarter that ended in Dec. 2018 was 0.57.

Goldcorp's Inventory-to-Revenue for the quarter that ended in Dec. 2018 declined from Sep. 2018 (0.65) to Sep. 2018 (0.57)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Goldcorp's Days Inventory for the three months ended in Dec. 2018 was 55.99.

Inventory Turnover measures how fast the company turns over its inventory within a year. Goldcorp's Inventory Turnover for the quarter that ended in Dec. 2018 was 1.63.

Goldcorp Inventory-to-Revenue Historical Data

The historical data trend for Goldcorp's Inventory-to-Revenue 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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Goldcorp Inventory-to-Revenue Chart

Goldcorp Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Inventory-to-Revenue

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0.22

0.14

0.12

0.15

Goldcorp Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Inventory-to-Revenue	Get a 7-Day Free Trial															0.49	0.52	0.55	0.65	0.57

Competitive Comparison of Goldcorp's Inventory-to-Revenue

For the Gold subindustry, Goldcorp's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Goldcorp's Inventory-to-Revenue Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Goldcorp's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Goldcorp's Inventory-to-Revenue falls into.

Goldcorp Inventory-to-Revenue Calculation

Goldcorp's Inventory-to-Revenue for the fiscal year that ended in Dec. 2018 is calculated as

	Inventory-to-Revenue (A: Dec. 2018 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )	/	Revenue (A: Dec. 2018 )
=	( (441	+	491)	/	2 )	/	3032
=	466					/	3032
=	0.15

Goldcorp's Inventory-to-Revenue for the quarter that ended in Dec. 2018 is calculated as

	Inventory-to-Revenue (Q: Dec. 2018 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2018 )	+	Total Inventories (Q: Dec. 2018 ))	/	count )	/	Revenue (Q: Dec. 2018 )
=	( (384	+	491)	/	2 )	/	772
=	437.5					/	772
=	0.57

Goldcorp (NYSE:GG) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

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

Goldcorp's Days Inventory for the three months ended in Dec. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2018 )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
	=	437.5	/	713	*	365 / 4
	=	55.99

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

Goldcorp's Inventory Turnover for the quarter that ended in Dec. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2018 )	/	Average Total Inventories (Q: Dec. 2018 )
	=	713	/	437.5
	=	1.63

Goldcorp Inventory-to-Revenue Related Terms

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Goldcorp (Goldcorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldcorp Inc (NYSE:GG) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

666 Burrard Street, Suite 3400, Park Place, Vancouver, BC, CAN, V6C 2X8

Website

http://www.goldcorp.com

Goldcorp is a senior gold mining company with operations in Canada, the United States, Mexico, and Latin America. It produced roughly 2.3 million ounces of gold in 2018. Goldcorp has historically focused on stable mining jurisdictions in North and South America while targeting rapid production growth through internal development and acquisitions. As of Dec. 31, 2018, Goldcorp had 52.8 million ounces of proven and probable gold reserves.