Coeur Mining (BUE:CDE) Inventory Turnover : 1.37 (As of Dec. 2023)

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What is Coeur Mining 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. Coeur Mining's Cost of Goods Sold for the three months ended in Dec. 2023 was ARS81,924 Mil. Coeur Mining's Average Total Inventories for the quarter that ended in Dec. 2023 was ARS59,843 Mil. Coeur Mining's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Coeur Mining's Days Inventory for the three months ended in Dec. 2023 was 66.66.

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. Coeur Mining's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.63.

Coeur Mining Inventory Turnover Historical Data

The historical data trend for Coeur Mining'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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Coeur Mining Inventory Turnover Chart

Coeur Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.91

5.30

5.47

6.40

6.56

Coeur Mining 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															1.42	1.26	1.06	1.14	1.37

Coeur Mining Inventory Turnover Calculation

Coeur Mining'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 )
=	264511.198	/ (	(24273.875	+	56338.021)	/	2 )
=	264511.198	/	40305.948
=	6.56

Coeur Mining'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 )
=	81923.535	/ (	(63347.251	+	56338.021)	/	2 )
=	81923.535	/	59842.636
=	1.37

Coeur Mining (BUE:CDE) 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.

Coeur Mining'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
	=	59842.636	/	81923.535	*	365 / 4
	=	66.66

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.

Coeur Mining'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 )
	=	59842.636	/	94614.49
	=	0.63

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.

Coeur Mining Inventory Turnover Related Terms

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Coeur Mining (BUE:CDE) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Coeur Mining Inc (BUE:CDE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

CDE:USA 1CDE:Italy CDM1:Germany CDE:Austria

Address

104 South Michigan Avenue, Suite 900, Chicago, IL, USA, 60603

Website

https://www.coeur.com

Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, Rochester, Wharf, and Kensington. Its projects are located in the United States, Canada and Mexico, and North America.