Aura Minerals (Aura Minerals) Inventory Turnover : 1.58 (As of Dec. 2023)

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What is Aura Minerals 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. Aura Minerals's Cost of Goods Sold for the three months ended in Dec. 2023 was $84.2 Mil. Aura Minerals's Average Total Inventories for the quarter that ended in Dec. 2023 was $53.3 Mil. Aura Minerals's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aura Minerals's Days Inventory for the three months ended in Dec. 2023 was 57.79.

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. Aura Minerals's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.43.

Aura Minerals Inventory Turnover Historical Data

The historical data trend for Aura Minerals'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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Aura Minerals Inventory Turnover Chart

Aura Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.23

4.45

4.57

5.37

6.49

Aura Minerals 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															1.60	1.37	1.16	1.47	1.58

Aura Minerals Inventory Turnover Calculation

Aura Minerals'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 )
=	290.877	/ (	(42.968	+	46.705)	/	2 )
=	290.877	/	44.8365
=	6.49

Aura Minerals'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 )
=	84.186	/ (	(59.928	+	46.705)	/	2 )
=	84.186	/	53.3165
=	1.58

Aura Minerals (OTCPK:ORAAF) 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.

Aura Minerals'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
	=	53.3165	/	84.186	*	365 / 4
	=	57.79

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.

Aura Minerals'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 )
	=	53.3165	/	124.322
	=	0.43

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.

Aura Minerals Inventory Turnover Related Terms

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Aura Minerals (Aura Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aura Minerals Inc (OTCPK:ORAAF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

A531:Germany ORA:Canada AURA33:Brazil

Address

255 Giralda Ave, Suite 6W102, Coral Gables, FL, USA, 33134

Website

https://www.auraminerals.com

Aura Minerals Inc is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The company's producing assets include the San Andres gold mine in Honduras, the Ernesto/Paua -Pique gold mine in Brazil, the Aranzazu copper-gold-silver mine in Mexico and the Gold Road mine in the United States. In addition, the company has two additional gold projects in Brazil, Almas and Matupa, and one gold project in Colombia, Tolda Fria.