McEwen Mining (McEwen Mining) Inventory Turnover : 1.91 (As of Dec. 2023)

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What is McEwen 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. McEwen Mining's Cost of Goods Sold for the three months ended in Dec. 2023 was $45.0 Mil. McEwen Mining's Average Total Inventories for the quarter that ended in Dec. 2023 was $23.6 Mil. McEwen Mining's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. McEwen Mining's Days Inventory for the three months ended in Dec. 2023 was 47.72.

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. McEwen Mining's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.40.

McEwen Mining Inventory Turnover Historical Data

The historical data trend for McEwen 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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McEwen Mining Inventory Turnover Chart

McEwen Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.58

4.03

6.69

4.67

5.75

McEwen 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															0.92	1.10	1.59	1.35	1.91

McEwen Mining Inventory Turnover Calculation

McEwen 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 )
=	148.451	/ (	(31.735	+	19.944)	/	2 )
=	148.451	/	25.8395
=	5.75

McEwen 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 )
=	45.038	/ (	(27.164	+	19.944)	/	2 )
=	45.038	/	23.554
=	1.91

McEwen Mining (NYSE:MUX) 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.

McEwen 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
	=	23.554	/	45.038	*	365 / 4
	=	47.72

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.

McEwen 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 )
	=	23.554	/	58.68
	=	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.

McEwen Mining Inventory Turnover Related Terms

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McEwen Mining (McEwen Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » McEwen Mining Inc (NYSE:MUX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

US8:Germany US8:Germany MUX:Canada MUX:Austria

Address

150 King Street West, Suite 2800, Toronto, ON, CAN, M5H 1J9

Website

https://www.mcewenmining.com

McEwen Mining Inc is a mining and minerals production and exploration company focused on precious and base minerals in Argentina, Mexico, and the United States. The company's overall revenue is principally derived from the production of gold and silver. The company owns and operates the wholly-owned El Gallo 1 mine in Mexico, and has a minority shareholding in the company that operates the San Jose mine in Argentina. More than half the company's gold output is produced by the El Gallo 1 mine. The remaining gold production, and the majority of silver production, is produced by the San Jose mine. Geographically, the majority is from Canada.

Executives

Michelle Makori	director	C/O MCEWEN MINING INC., 150 KING STREET WEST, SUITE 2800, TORONTO A6 A6 M5H 1J9
Ian J Ball	officer: Vice President, Mexico	99 GEORGE STREET, THIRD FLOOR, TORONTO A6 M5A 2N4
G. Peter Mah	officer: Chief Operating Officer	150 KING STREET WEST, SUITE 2800, TORONTO A6 M5H 1J9
Merri Sanchez	director	150 KING STREET WEST, SUITE 2800, TORONTO, ONTARIO Z4 M5H 1J9
William M Shaver	director	150 KING STREET WEST, SUITE 2800, TORONTO, ONTARIO Z4 M5H 1J9
Anna Man-yue Ladd-kruger	officer: Chief Financial Officer	150 KING STREET WEST, SUITE 2800, TORONTO, ONTARIO Z4 M5H 1J9
Stephen Mcgibbon	officer: EVP of Exploration	150 KING STREET WEST, SUITE 2800, TORONTO, ONTARIO Z4 M5H 1J9
Richard W. Brissenden	director	2800-150 KING STREET WEST, P.O. BOX 24, TORONTO A6 M5H 1J9
Merushe Verli	officer: Chief Financial Officer	150 KING STREET WEST, SUITE 2800, TORONTO A6 M5H 1J9
Michele L Ashby	director	2800-150 KING STREET WEST, P.O. BOX 24, TORONTO A6 M5H 1J9
Chris Stewart	officer: President and COO	150 KING STREET WEST, SUITE 2800, TORONTO A6 M5H 1J9
Allen V Ambrose	director	2800-150 KING STREET WEST, P.O. BOX 24, TORONTO A6 M5H 1J9
Simon Tyler Quick	officer: Vice President - Projects	2800-150 KING STREET WEST, P.O. BOX 24, TORONTO A6 M5H 1J9
Xavier Ochoa	officer: Chief Operating Officer	150 KING ST. WEST, SUITE 2800, TORONTO A6 M5H 1J9
Sylvain Guerard	officer: SVP, Exploration	150 KING STREET WEST, SUITE 2800, TORONTO A6 M5H 1J9