Copper Mountain Mining (Copper Mountain Mining) Inventory Turnover : 1.97 (As of Mar. 2023)

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What is Copper Mountain 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. Copper Mountain Mining's Cost of Goods Sold for the three months ended in Mar. 2023 was $58.7 Mil. Copper Mountain Mining's Average Total Inventories for the quarter that ended in Mar. 2023 was $29.7 Mil. Copper Mountain Mining's Inventory Turnover for the quarter that ended in Mar. 2023 was 1.97.

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 three months ended in Mar. 2023 was 46.21.

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 quarter that ended in Mar. 2023 was 0.40.

Copper Mountain Mining Inventory Turnover Historical Data

The historical data trend for Copper Mountain 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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Copper Mountain Mining Inventory Turnover Chart

Copper Mountain Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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4.25

5.85

6.55

7.28

8.56

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
Inventory Turnover	Get a 7-Day Free Trial															2.32	2.08	1.76	2.37	1.97

Copper Mountain Mining Inventory Turnover Calculation

Copper Mountain Mining's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	230.195	/ (	(25.496	+	28.302)	/	2 )
=	230.195	/	26.899
=	8.56

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

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	58.693	/ (	(28.302	+	31.139)	/	2 )
=	58.693	/	29.7205
=	1.97

Copper Mountain Mining (OTCPK:CPPMF) 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.

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

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	29.7205	/	58.693	*	365 / 4
	=	46.21

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 quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	29.7205	/	73.447
	=	0.40

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.

Copper Mountain Mining Inventory Turnover Related Terms

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Copper Mountain Mining (Copper Mountain Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper Mountain Mining Corp (OTCPK:CPPMF) » Definitions » Inventory Turnover

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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.