Lundin Gold (TSX:LUG) Inventory Turnover : 1.26 (As of Dec. 2023)

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What is Lundin 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. Lundin Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was C$151 Mil. Lundin Gold's Average Total Inventories for the quarter that ended in Dec. 2023 was C$120 Mil. Lundin Gold's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lundin Gold's Days Inventory for the three months ended in Dec. 2023 was 72.40.

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. Lundin Gold's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.47.

Lundin Gold Inventory Turnover Historical Data

The historical data trend for Lundin 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.

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Lundin Gold Inventory Turnover Chart

Lundin Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.10

5.21

5.25

5.18

Lundin Gold 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															1.31	1.38	1.31	1.27	1.26

Lundin Gold Inventory Turnover Calculation

Lundin Gold'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 )
=	626.981	/ (	(121.976	+	119.947)	/	2 )
=	626.981	/	120.9615
=	5.18

Lundin Gold'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 )
=	151.114	/ (	(119.839	+	119.947)	/	2 )
=	151.114	/	119.893
=	1.26

Lundin Gold (TSX:LUG) 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.

Lundin Gold'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
	=	119.893	/	151.114	*	365 / 4
	=	72.40

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.

Lundin Gold'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 )
	=	119.893	/	255.827
	=	0.47

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.

Lundin Gold Inventory Turnover Related Terms

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Lundin Gold (TSX:LUG) Business Description

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

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LUGDF:USA LUG:Sweden F1YN:Germany

Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.lundingold.com

Lundin Gold Inc is a Canada-based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within a 150 km long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.

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