Goldcorp (Goldcorp) Days Inventory : 55.99 (As of Dec. 2018)

View and export this data going back to 1994. Start your Free Trial

What is Goldcorp Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Goldcorp's Average Total Inventories for the three months ended in Dec. 2018 was $438 Mil. Goldcorp's Cost of Goods Sold for the three months ended in Dec. 2018 was $713 Mil. Hence, Goldcorp's Days Inventory for the three months ended in Dec. 2018 was 55.99.

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

GG's Days Inventory is not ranked ^*
in the Metals & Mining industry.
Industry Median: 88.57
* Ranked among companies with meaningful Days Inventory only.

Goldcorp's Days Inventory increased from Dec. 2017 (53.99) to Dec. 2018 (55.99). It might indicate that Goldcorp's sales slowed down.

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

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 Inventory-to-Revenue for the three months ended in Dec. 2018 was 0.57.

Goldcorp Days Inventory Historical Data

The historical data trend for Goldcorp'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.

Goldcorp Days Inventory Chart

Goldcorp Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Inventory

Get a 7-Day Free Trial

96.60

55.61

49.55

51.41

61.25

Goldcorp Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Days Inventory	Get a 7-Day Free Trial															53.99	56.54	57.00	56.84	55.99

Competitive Comparison of Goldcorp's Days Inventory

For the Gold subindustry, Goldcorp'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.

Goldcorp's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Goldcorp's Days Inventory falls into.

Goldcorp Days Inventory Calculation

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

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

	Days Inventory (A: Dec. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (441	+	491)	/	2 )	/	2777	*	365
=	466					/	2777	*	365
=	61.25

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

	Days Inventory (Q: Dec. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2018 )	+	Total Inventories (Q: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
=	( (384	+	491)	/	2 )	/	713	*	365 / 4
=	437.5					/	713	*	365 / 4
=	55.99

Goldcorp (NYSE:GG) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	713	/	437.5
	=	1.63

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	437.5	/	772
	=	0.57

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.

Goldcorp Days Inventory Related Terms

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

Goldcorp (Goldcorp) Business Description

Industry

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

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.