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Agnico Eagle Mines (NYSE:AEM) Days Inventory

: 101.10 (As of Jun. 2023)
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Days Inventory is also known as Days Sales of Inventory (DSI). Agnico Eagle Mines's Average Total Inventories for the three months ended in Jun. 2023 was $1,246 Mil. Agnico Eagle Mines's Cost of Goods Sold for the three months ended in Jun. 2023 was $1,125 Mil. Hence, Agnico Eagle Mines's Days Inventory for the three months ended in Jun. 2023 was 101.10.

The historical rank and industry rank for Agnico Eagle Mines's Days Inventory or its related term are showing as below:

AEM' s Days Inventory Range Over the Past 10 Years
Min: 95.31   Med: 102.6   Max: 112.36
Current: 110.83

During the past 13 years, Agnico Eagle Mines's highest Days Inventory was 112.36. The lowest was 95.31. And the median was 102.60.

AEM's Days Inventory is ranked worse than
64.95% of 662 companies
in the Metals & Mining industry
Industry Median: 86.22 vs AEM: 110.83

Agnico Eagle Mines's Days Inventory declined from Jun. 2022 (109.20) to Jun. 2023 (101.10).

Inventory Turnover measures how fast the company turns over its inventory within a year. Agnico Eagle Mines's Inventory Turnover for the three months ended in Jun. 2023 was 0.90.

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. Agnico Eagle Mines's Inventory-to-Revenue for the three months ended in Jun. 2023 was 0.73.


Agnico Eagle Mines Days Inventory Historical Data

The historical data trend for Agnico Eagle Mines's Days 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.

* Premium members only.

Agnico Eagle Mines Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 105.94 109.29 107.49 109.69 101.94

Agnico Eagle Mines Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 109.20 115.02 120.23 116.68 101.10

Competitive Comparison

For the Gold subindustry, Agnico Eagle Mines's Days Inventory, along with its competitors' market caps and Days Inventory 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.

   

Agnico Eagle Mines Days Inventory Distribution

For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's Days Inventory distribution charts can be found below:

* The bar in red indicates where Agnico Eagle Mines's Days Inventory falls in comparison to its industry or sector. The grey bar indicates the Days Inventory's extreme value range as defined by GuruFocus.



Agnico Eagle Mines Days Inventory Calculation

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

Agnico Eagle Mines's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (878.944 + 1209.075) / 2 ) / 3738.012*365
=1044.0095 / 3738.012*365
=101.94

Agnico Eagle Mines's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

Days Inventory (Q: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (1238.64 + 1253.112) / 2 ) / 1124.515*365 / 4
=1245.876 / 1124.515*365 / 4
=101.10

* 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.


Agnico Eagle Mines  (NYSE:AEM) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Agnico Eagle Mines's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

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.

Agnico Eagle Mines's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

* 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Agnico Eagle Mines Days Inventory Related Terms

Thank you for viewing the detailed overview of Agnico Eagle Mines's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Agnico Eagle Mines (NYSE:AEM) Business Description

Agnico Eagle Mines logo
Address
145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.1 million gold ounces in 2022 and had about 15 years of gold reserves at end 2022. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.