Avino Silver & Gold Mines (Avino Silver & Gold Mines) Inventory Turnover : 1.13 (As of Dec. 2023)

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What is Avino Silver & Gold Mines Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Avino Silver & Gold Mines's Cost of Goods Sold for the three months ended in Dec. 2023 was $9.97 Mil. Avino Silver & Gold Mines's Average Total Inventories for the quarter that ended in Dec. 2023 was $8.85 Mil. Avino Silver & Gold Mines's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Avino Silver & Gold Mines's Days Inventory for the three months ended in Dec. 2023 was 81.00.

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. Avino Silver & Gold Mines's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.71.

Avino Silver & Gold Mines Inventory Turnover Historical Data

The historical data trend for Avino Silver & Gold Mines's Inventory Turnover 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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Avino Silver & Gold Mines Inventory Turnover Chart

Avino Silver & Gold Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.32

4.37

2.25

5.09

4.78

Avino Silver & Gold Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.53	1.14	1.00	1.13	1.13

Avino Silver & Gold Mines Inventory Turnover Calculation

Avino Silver & Gold Mines's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	36.07	/ (	(6.26	+	8.826)	/	2 )
=	36.07	/	7.543
=	4.78

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	9.969	/ (	(8.873	+	8.826)	/	2 )
=	9.969	/	8.8495
=	1.13

Avino Silver & Gold Mines (AMEX:ASM) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Avino Silver & Gold 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
	=	8.8495	/	9.969	*	365 / 4
	=	81.00

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.

Avino Silver & Gold 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 )
	=	8.8495	/	12.53
	=	0.71

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Avino Silver & Gold Mines Inventory Turnover Related Terms

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Avino Silver & Gold Mines (Avino Silver & Gold Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avino Silver & Gold Mines Ltd (AMEX:ASM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GV6:Germany ASM:Canada

Address

570 Granville Street, Suite 900, Vancouver, BC, CAN, V6C 3P1

Website

https://www.avino.com

Avino Silver & Gold Mines Ltd is a mineral resource company. It is engaged in the exploration, extraction, and processing of silver, gold, and copper and the acquisition, exploration, and advancement of mineral properties. The company generates majority of its revenues through the sale of Copper produced from its mines. Its project portfolio includes Avino; San Gonzalo; Oxide Tailings; Bralorne Gold and others.