Fortuna Silver Mines (XSWX:FVI) Total Inventories : CHF100.2 Mil (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Fortuna Silver Mines Total Inventories?

Fortuna Silver Mines's total inventories for the quarter that ended in Dec. 2023 was CHF100.2 Mil. Fortuna Silver Mines's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was CHF109.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Fortuna Silver Mines's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was CHF-2.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fortuna Silver Mines's Days Inventory for the three months ended in Dec. 2023 was 54.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fortuna Silver Mines's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.68.

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. Fortuna Silver Mines's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.48.

Fortuna Silver Mines Total Inventories Historical Data

The historical data trend for Fortuna Silver Mines's Total Inventories 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.

Fortuna Silver Mines Total Inventories Chart

Fortuna Silver Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

Get a 7-Day Free Trial

14.71

31.34

79.04

85.74

100.17

Fortuna Silver Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															85.74	83.17	94.60	119.40	100.17

Fortuna Silver Mines Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Fortuna Silver Mines (XSWX:FVI) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Fortuna Silver Mines's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(110.822	+	0.75 * 17.27	+	0.5 * 100.165	-	587.841
-	0	-	43.027)	/	159.223
=	-2.87

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

Fortuna Silver Mines's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	109.783	/	184.602	*	365 / 4
	=	54.27

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

Fortuna Silver Mines's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	184.602	/	109.783
	=	1.68

4. 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.

Fortuna Silver Mines's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	109.783	/	229.444
	=	0.48

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Fortuna Silver Mines Total Inventories Related Terms

Thank you for viewing the detailed overview of Fortuna Silver Mines's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Fortuna Silver Mines (XSWX:FVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortuna Silver Mines Inc (XSWX:FVI) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

FSM:USA F4S:Germany FVI:Canada

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.fortunasilver.com

Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d'Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d'Ivoire. The company earns revenue from contracts with customers related to its concentrate and dore sales.