Compania de Minas BuenaventuraA (LIM:BUENAVC1) Inventory Turnover : 2.50 (As of Sep. 2023)

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What is Compania de Minas BuenaventuraA 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. Compania de Minas BuenaventuraA's Cost of Goods Sold for the three months ended in Sep. 2023 was S/.798 Mil. Compania de Minas BuenaventuraA's Average Total Inventories for the quarter that ended in Sep. 2023 was S/.319 Mil. Compania de Minas BuenaventuraA's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Compania de Minas BuenaventuraA's Days Inventory for the three months ended in Sep. 2023 was 36.55.

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. Compania de Minas BuenaventuraA's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.40.

Compania de Minas BuenaventuraA Inventory Turnover Historical Data

The historical data trend for Compania de Minas BuenaventuraA'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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Compania de Minas BuenaventuraA Inventory Turnover Chart

Compania de Minas BuenaventuraA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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7.22

6.84

7.45

9.94

8.74

Compania de Minas BuenaventuraA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															2.05	2.34	1.74	1.98	2.50

Compania de Minas BuenaventuraA Inventory Turnover Calculation

Compania de Minas BuenaventuraA'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 )
=	2875.18	/ (	(324.863	+	332.7)	/	2 )
=	2875.18	/	328.7815
=	8.74

Compania de Minas BuenaventuraA's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	797.558	/ (	(312.933	+	326.027)	/	2 )
=	797.558	/	319.48
=	2.50

Compania de Minas BuenaventuraA (LIM:BUENAVC1) 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.

Compania de Minas BuenaventuraA's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	319.48	/	797.558	*	365 / 4
	=	36.55

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.

Compania de Minas BuenaventuraA's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	319.48	/	795.713
	=	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.

Compania de Minas BuenaventuraA Inventory Turnover Related Terms

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Compania de Minas BuenaventuraA (LIM:BUENAVC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Compania de Minas Buenaventura SAA (LIM:BUENAVC1) » Definitions » Inventory Turnover

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Traded in Other Exchanges

BVN:USA BVN:Peru MBU:Germany

Address

Las Begonias 415, 19th Floor, San Isidro, Lima, PER

Website

https://www.buenaventura.com

Compañía de Minas Buenaventura SAA is a Peruvian precious metals producing company with experience in mine exploration, development, construction and operation activities.

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