Aya Gold & Silver (TSX:AYA) Inventory Turnover : 0.40 (As of Dec. 2023)

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What is Aya Gold & Silver 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. Aya Gold & Silver's Cost of Goods Sold for the three months ended in Dec. 2023 was C$8.42 Mil. Aya Gold & Silver's Average Total Inventories for the quarter that ended in Dec. 2023 was C$20.97 Mil. Aya Gold & Silver's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aya Gold & Silver's Days Inventory for the three months ended in Dec. 2023 was 227.23.

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. Aya Gold & Silver's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.41.

Aya Gold & Silver Inventory Turnover Historical Data

The historical data trend for Aya Gold & Silver'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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Aya Gold & Silver Inventory Turnover Chart

Aya Gold & Silver Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.97

4.86

6.00

4.73

2.20

Aya Gold & Silver 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															1.26	1.08	0.70	0.43	0.40

Aya Gold & Silver Inventory Turnover Calculation

Aya Gold & Silver'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 )
=	36.279	/ (	(10.444	+	22.552)	/	2 )
=	36.279	/	16.498
=	2.20

Aya Gold & Silver'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 )
=	8.42	/ (	(19.383	+	22.552)	/	2 )
=	8.42	/	20.9675
=	0.40

Aya Gold & Silver (TSX:AYA) 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.

Aya Gold & Silver'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
	=	20.9675	/	8.42	*	365 / 4
	=	227.23

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.

Aya Gold & Silver'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 )
	=	20.9675	/	14.852
	=	1.41

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.

Aya Gold & Silver Inventory Turnover Related Terms

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Aya Gold & Silver (TSX:AYA) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aya Gold & Silver Inc (TSX:AYA) » Definitions » Inventory Turnover

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AYASF:USA 0HE:Germany

Address

1320 Boulevard Graham, Suite 132, Mont-Royal, QC, CAN, H3P 3C8

Website

https://www.ayagoldsilver.com

Aya Gold & Silver Inc is engaged in acquisition, exploration, evaluation, and development of mining properties. The company and its subsidiaries are at the development stage for its Zgounder project and exploration and evaluation stage for projects in Morocco. Its other project includes Boumadine; Amizmiz; Azegour and others.

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