Ivanhoe Mines (TSX:IVN) Change In Inventory : C$-3.07 Mil (TTM As of Mar. 2024)

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What is Ivanhoe Mines Change In Inventory?

Ivanhoe Mines's change in inventory for the quarter that ended in Mar. 2024 was C$-2.29 Mil. It means Ivanhoe Mines's inventory increased by C$2.29 Mil from Dec. 2023 to Mar. 2024 .

Ivanhoe Mines's change in inventory for the fiscal year that ended in Dec. 2023 was C$-0.68 Mil. It means Ivanhoe Mines's inventory increased by C$0.68 Mil from Dec. 2022 to Dec. 2023 .

Ivanhoe Mines's Total Inventories for the quarter that ended in Mar. 2024 was C$4.35 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ivanhoe Mines's Days Inventory for the quarter that ended in Mar. 2024 was 24.18.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ivanhoe Mines's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.77.

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.

Ivanhoe Mines Change In Inventory Historical Data

The historical data trend for Ivanhoe Mines'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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Ivanhoe Mines Change In Inventory Chart

Ivanhoe Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.32

0.06

0.03

-0.02

-0.68

Ivanhoe Mines Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															0.10	0.12	-0.01	-0.89	-2.29

Ivanhoe Mines 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-3.07 Mil.

Ivanhoe Mines (TSX:IVN) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3.193	/	12.048	*	365 / 4
	=	24.18

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

Ivanhoe Mines's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12.048	/	3.193
	=	3.77

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.

Ivanhoe Mines's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.193	/	0
	=	N/A

Ivanhoe Mines Change In Inventory Related Terms

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Ivanhoe Mines (TSX:IVN) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ivanhoe Mines Ltd (TSX:IVN) » Definitions » Change In Inventory

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IVPAF:USA IYAA:Germany

Address

999 Canada Place, Suite 606, Vancouver, BC, CAN, V6C 3E1

Website

https://www.ivanhoemines.com

Ivanhoe Mines Ltd is a diversified mining company focused on advancing its three principal projects in Southern Africa; the expansion of the Kamoa-Kakula Copper Complex in the DRC, the construction of the tier-one Platreef palladium-rhodium-platinum-nickel-copper-gold project in South Africa; and the restart of the historic ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC. It is also exploring for new copper discoveries across its circa 2,400km2 of 90-100% owned exploration licences in the Western Foreland, located adjacent to the Kamoa-Kakula Copper Complex.

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