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Kirkland Lake Gold (Kirkland Lake Gold) Inventory Turnover : 1.68 (As of Sep. 2021)


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What is Kirkland Lake Gold 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. Kirkland Lake Gold's Cost of Goods Sold for the three months ended in Sep. 2021 was $296 Mil. Kirkland Lake Gold's Average Total Inventories for the quarter that ended in Sep. 2021 was $176 Mil. Kirkland Lake Gold's Inventory Turnover for the quarter that ended in Sep. 2021 was 1.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kirkland Lake Gold's Days Inventory for the three months ended in Sep. 2021 was 54.37.

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. Kirkland Lake Gold's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 0.26.


Kirkland Lake Gold Inventory Turnover Historical Data

The historical data trend for Kirkland Lake Gold'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.

* Premium members only.

Kirkland Lake Gold Inventory Turnover Chart

Kirkland Lake Gold Annual Data
Trend Apr11 Apr12 Apr13 Apr14 Apr15 Dec16 Dec17 Dec18 Dec19 Dec20
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.92 11.13 10.49 11.08 10.73

Kirkland Lake Gold Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.85 1.95 1.89 1.81 1.68

Kirkland Lake Gold Inventory Turnover Calculation

Kirkland Lake Gold's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Inventory Turnover (A: Dec. 2020 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2020 ) / ((Total Inventories (A: Dec. 2019 ) + Total Inventories (A: Dec. 2020 )) / count )
=1055.843 / ((47.686 + 149.203) / 2 )
=1055.843 / 98.4445
=10.73

Kirkland Lake Gold's Inventory Turnover for the quarter that ended in Sep. 2021 is calculated as

Inventory Turnover (Q: Sep. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2021 ) / ((Total Inventories (Q: Jun. 2021 ) + Total Inventories (Q: Sep. 2021 )) / count )
=296.033 / ((164.916 + 187.883) / 2 )
=296.033 / 176.3995
=1.68

* 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.


Kirkland Lake Gold  (NYSE:KL) 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.

Kirkland Lake Gold's Days Inventory for the three months ended in Sep. 2021 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2021 )/Cost of Goods Sold (Q: Sep. 2021 )*Days in Period
=176.3995/296.033*365 / 4
=54.37

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.

Kirkland Lake Gold's Inventory to Revenue for the quarter that ended in Sep. 2021 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2021 ) / Revenue (Q: Sep. 2021 )
=176.3995 / 666.978
=0.26

* 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.


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.


Kirkland Lake Gold Inventory Turnover Related Terms

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Kirkland Lake Gold (Kirkland Lake Gold) Business Description

Traded in Other Exchanges
N/A
Address
200 Bay Street, Suite 2800, Toronto, ON, CAN, M5J 2J1
Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.