Sierra Metals (TSX:SMT) Inventory Turnover : 2.04 (As of Dec. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Sierra Metals 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. Sierra Metals's Cost of Goods Sold for the three months ended in Dec. 2023 was C$64.7 Mil. Sierra Metals's Average Total Inventories for the quarter that ended in Dec. 2023 was C$31.8 Mil. Sierra Metals's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sierra Metals's Days Inventory for the three months ended in Dec. 2023 was 44.83.

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. Sierra Metals's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.39.

Sierra Metals Inventory Turnover Historical Data

The historical data trend for Sierra Metals'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.

* Premium members only.

Sierra Metals Inventory Turnover Chart

Sierra Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

7.07

6.58

7.61

6.76

7.46

Sierra Metals 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															1.37	1.89	2.13	2.12	2.04

Sierra Metals Inventory Turnover Calculation

Sierra Metals'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 )
=	238.412	/ (	(30.468	+	33.422)	/	2 )
=	238.412	/	31.945
=	7.46

Sierra Metals'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 )
=	64.664	/ (	(30.113	+	33.422)	/	2 )
=	64.664	/	31.7675
=	2.04

Sierra Metals (TSX:SMT) 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.

Sierra Metals'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
	=	31.7675	/	64.664	*	365 / 4
	=	44.83

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.

Sierra Metals'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 )
	=	31.7675	/	81.344
	=	0.39

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.

Sierra Metals Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Sierra Metals's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Sierra Metals (TSX:SMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sierra Metals Inc (TSX:SMT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SMTSF:USA DFXN:Germany

Address

77 King Street West, Suite 400, Toronto, ON, CAN, M5K 0A1

Website

https://www.sierrametals.com

Sierra Metals Inc is a precious and base metals producer in Peru and Mexico. The company acquires, explores, extracts, and produces mineral concentrates consisting of silver, copper, lead, zinc and gold. Sierra has interests in the Yauricocha Mine in Peru, and the Bolivar and Cusi Mines, Mexico. The majority of the revenue comes from selling the mineral concentrates to its customers in Peru.

Sierra Metals (TSX:SMT) Headlines

From GuruFocus

SMART Updates Interactive Flat Panels with Unmatched Precision, Interaction and Performance

By Marketwired Marketwired • 11-06-2019

SMART Technologies Launches New Interactive Display with Revolutionary Platform - Bridging Physical and Digital Learning

By Marketwired Marketwired • 01-09-2020

SMART Technologies is Doomed to Extinction

By Ryan Vanzo R. Vanzo • 05-17-2015

Bett announces global partnership with SMART Technologies

By Marketwired Marketwired • 11-26-2019