Barrick Gold (Barrick Gold) Change In Inventory

: $-97 Mil (TTM As of Dec. 2023)

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Barrick Gold's change in inventory for the quarter that ended in Dec. 2023 was $26 Mil. It means Barrick Gold's inventory declined by $26 Mil from Sep. 2023 to Dec. 2023 .

Barrick Gold's change in inventory for the fiscal year that ended in Dec. 2023 was $-97 Mil. It means Barrick Gold's inventory increased by $97 Mil from Dec. 2022 to Dec. 2023 .

Barrick Gold's Total Inventories for the quarter that ended in Dec. 2023 was $1,782 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Barrick Gold's Days Inventory for the quarter that ended in Dec. 2023 was 78.81.

Inventory Turnover measures how fast the company turns over its inventory within a year. Barrick Gold's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.16.

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. Barrick Gold's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.60.

Barrick Gold Change In Inventory Historical Data

The historical data trend for Barrick Gold'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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Barrick Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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9.00

121.00

-163.00

-219.00

-97.00

Barrick Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-86.00	-72.00	-3.00	-48.00	26.00

Barrick Gold 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-97 Mil.

Barrick Gold (NYSE:GOLD) Change In Inventory Explanation

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

Barrick Gold's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1847.5	/	2139	*	365 / 4
	=	78.81

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

Barrick Gold's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2139	/	1847.5
	=	1.16

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.

Barrick Gold's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1847.5	/	3059
	=	0.60

Barrick Gold Change In Inventory Related Terms

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Barrick Gold (Barrick Gold) Business Description

Industry

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Traded in Other Exchanges

ABX:Peru ABX.N:Mexico 0R22:UK ABR:Germany ABR:Germany ABR:Germany ABR:Germany ABX:Canada

Address

161 Bay Street, Brookfield Place, Suite 3700, P.O. Box 212, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1

Website

https://www.barrick.com

Based in Toronto, Barrick Gold is one of the world's largest gold miners. In 2022, the firm produced nearly 4.1 million attributable ounces of gold and about 440 million pounds of copper. At end 2022, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in 19 countries in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure. Its potential Reko Diq project in Pakistan, if developed, could double copper production by the end of the decade.