Iamgold (Iamgold) Change In Inventory : $-76.6 Mil (TTM As of Dec. 2023)

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What is Iamgold Change In Inventory?

Iamgold's change in inventory for the quarter that ended in Dec. 2023 was $-10.9 Mil. It means Iamgold's inventory increased by $10.9 Mil from Sep. 2023 to Dec. 2023 .

Iamgold's change in inventory for the fiscal year that ended in Dec. 2023 was $-76.6 Mil. It means Iamgold's inventory increased by $76.6 Mil from Dec. 2022 to Dec. 2023 .

Iamgold's Total Inventories for the quarter that ended in Dec. 2023 was $266.3 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Iamgold's Days Inventory for the quarter that ended in Dec. 2023 was 95.52.

Inventory Turnover measures how fast the company turns over its inventory within a year. Iamgold's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.96.

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. Iamgold's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.87.

Iamgold Change In Inventory Historical Data

The historical data trend for Iamgold'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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Iamgold Change In Inventory Chart

Iamgold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-22.20

-3.40

-23.10

-32.60

-76.60

Iamgold 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															-7.80	-14.80	-23.00	-27.90	-10.90

Iamgold 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 $-76.6 Mil.

Iamgold (NYSE:IAG) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	259.4	/	247.8	*	365 / 4
	=	95.52

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	247.8	/	259.4
	=	0.96

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	259.4	/	297.6
	=	0.87

Iamgold Change In Inventory Related Terms

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Iamgold (Iamgold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iamgold Corp (NYSE:IAG) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

IAL:Germany IAL:Germany IMG:Canada

Address

401 Bay Street, Suite 3200, P.O. Box 153, Toronto, ON, CAN, M5H 2Y4

Website

https://www.iamgold.com

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company's operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.