Kinross Gold (Kinross Gold) Days Inventory : 124.58 (As of Dec. 2023)

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What is Kinross Gold Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kinross Gold's Average Total Inventories for the three months ended in Dec. 2023 was $1,178 Mil. Kinross Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was $863 Mil. Hence, Kinross Gold's Days Inventory for the three months ended in Dec. 2023 was 124.58.

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

KGC' s Days Inventory Range Over the Past 10 Years
Min: 110.56 Med: 139.46 Max: 205.27
Current: 136.65

During the past 13 years, Kinross Gold's highest Days Inventory was 205.27. The lowest was 110.56. And the median was 139.46.

KGC's Days Inventory is ranked worse than
73.25% of 658 companies
in the Metals & Mining industry
Industry Median: 87.34 vs KGC: 136.65

Kinross Gold's Days Inventory increased from Dec. 2022 (87.51) to Dec. 2023 (124.58). It might indicate that Kinross Gold's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kinross Gold's Inventory Turnover for the three months ended in Dec. 2023 was 0.73.

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. Kinross Gold's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.06.

Kinross Gold Days Inventory Historical Data

The historical data trend for Kinross Gold'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.

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Kinross Gold Days Inventory Chart

Kinross Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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178.88

202.45

197.19

138.04

131.85

Kinross Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															87.51	144.99	144.09	139.09	124.58

Competitive Comparison of Kinross Gold's Days Inventory

For the Gold subindustry, Kinross Gold'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.

Kinross Gold's Days Inventory Distribution in the Metals & Mining Industry

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

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

Kinross Gold Days Inventory Calculation

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

Kinross Gold's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1072.2	+	1153)	/	2 )	/	3080.1	*	365
=	1112.6					/	3080.1	*	365
=	131.85

Kinross Gold's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1202.3	+	1153)	/	2 )	/	862.6	*	365 / 4
=	1177.65					/	862.6	*	365 / 4
=	124.58

Kinross Gold (NYSE:KGC) 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.

Kinross Gold's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	862.6	/	1177.65
	=	0.73

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.

Kinross Gold's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1177.65	/	1115.7
	=	1.06

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.

Kinross Gold Days Inventory Related Terms

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

Kinross Gold (Kinross Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kinross Gold Corp (NYSE:KGC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

0R2D:UK KIN2:Germany KIN2:Germany KIN2:Germany K:Canada KGC:Argentina

Address

25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5

Website

https://www.kinross.com

Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2022. The company had about a decade of gold reserves at the end of 2022. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.