Copper Mountain Mining (TSX:CMMC) Days Inventory : 46.05 (As of Mar. 2023)

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What is Copper Mountain Mining Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Copper Mountain Mining's Average Total Inventories for the three months ended in Mar. 2023 was C$40.5 Mil. Copper Mountain Mining's Cost of Goods Sold for the three months ended in Mar. 2023 was C$80.3 Mil. Hence, Copper Mountain Mining's Days Inventory for the three months ended in Mar. 2023 was 46.05.

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

TSX:CMMC' s Days Inventory Range Over the Past 10 Years
Min: 41.48 Med: 59.79 Max: 86.86
Current: 43.9

During the past 13 years, Copper Mountain Mining's highest Days Inventory was 86.86. The lowest was 41.48. And the median was 59.79.

TSX:CMMC's Days Inventory is not ranked
in the Metals & Mining industry.
Industry Median: 88.64 vs TSX:CMMC: 43.90

Copper Mountain Mining's Days Inventory increased from Mar. 2022 (39.50) to Mar. 2023 (46.05). It might indicate that Copper Mountain Mining's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Copper Mountain Mining's Inventory Turnover for the three months ended in Mar. 2023 was 1.98.

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. Copper Mountain Mining's Inventory-to-Revenue for the three months ended in Mar. 2023 was 0.40.

Copper Mountain Mining Days Inventory Historical Data

The historical data trend for Copper Mountain Mining'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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Copper Mountain Mining Days Inventory Chart

Copper Mountain Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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83.55

63.13

56.45

50.12

41.48

Copper Mountain Mining Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Inventory	Get a 7-Day Free Trial															39.50	43.60	50.96	38.07	46.05

Competitive Comparison of Copper Mountain Mining's Days Inventory

For the Copper subindustry, Copper Mountain Mining'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.

Copper Mountain Mining's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Copper Mountain Mining's Days Inventory falls into.

Copper Mountain Mining Days Inventory Calculation

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

Copper Mountain Mining'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
=	( (32.635	+	38.448)	/	2 )	/	312.719	*	365
=	35.5415					/	312.719	*	365
=	41.48

Copper Mountain Mining's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (38.448	+	42.608)	/	2 )	/	80.309	*	365 / 4
=	40.528					/	80.309	*	365 / 4
=	46.05

Copper Mountain Mining (TSX:CMMC) 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.

Copper Mountain Mining's Inventory Turnover for the three months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	80.309	/	40.528
	=	1.98

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.

Copper Mountain Mining's Inventory to Revenue for the three months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	40.528	/	100.497
	=	0.40

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.

Copper Mountain Mining Days Inventory Related Terms

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

Copper Mountain Mining (TSX:CMMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper Mountain Mining Corp (TSX:CMMC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 West Pender Street, Suite 1700, Vancouver, BC, CAN, V6C 1G8

Website

https://www.CuMtn.com.

Copper Mountain Mining Corp is a copper producer, developer and explorer. Copper Mountain's flagship asset is the Copper Mountain mine located in southern British Columbia near the town of Princeton. The Copper Mountain mine produces over 90 million pounds of copper equivalent per year with a large resource that remains open laterally and at depth. The company also has the development stage Eva Copper Project in Queensland, Australia. The Company is engaged in mining, exploration and development of mineral properties, and has an operating mine in Canada.

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