GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minto Metals Corp (TSXV:MNTO) » Definitions » Inventory Turnover

Minto Metals (TSXV:MNTO) Inventory Turnover : 4.57 (As of Dec. 2022)


View and export this data going back to 2021. Start your Free Trial

What is Minto 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. Minto Metals's Cost of Goods Sold for the three months ended in Dec. 2022 was C$41.0 Mil. Minto Metals's Average Total Inventories for the quarter that ended in Dec. 2022 was C$9.0 Mil. Minto Metals's Inventory Turnover for the quarter that ended in Dec. 2022 was 4.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Minto Metals's Days Inventory for the three months ended in Dec. 2022 was 19.99.

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. Minto Metals's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.28.


Minto Metals Inventory Turnover Historical Data

The historical data trend for Minto 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.

Minto Metals Inventory Turnover Chart

Minto Metals Annual Data
Trend Dec20 Dec21 Dec22
Inventory Turnover
16.59 21.37 19.16

Minto Metals Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Inventory Turnover Get a 7-Day Free Trial Premium Member Only 6.00 4.98 3.77 4.21 4.57

Minto Metals Inventory Turnover Calculation

Minto Metals's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=153.559 / ((6.212 + 9.821) / 2 )
=153.559 / 8.0165
=19.16

Minto Metals's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

Inventory Turnover (Q: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2022 ) / ((Total Inventories (Q: Sep. 2022 ) + Total Inventories (Q: Dec. 2022 )) / count )
=41.015 / ((8.147 + 9.821) / 2 )
=41.015 / 8.984
=4.57

* 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.


Minto Metals  (TSXV:MNTO) 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.

Minto Metals's Days Inventory for the three months ended in Dec. 2022 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2022 )/Cost of Goods Sold (Q: Dec. 2022 )*Days in Period
=8.984/41.015*365 / 4
=19.99

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.

Minto Metals's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2022 ) / Revenue (Q: Dec. 2022 )
=8.984 / 32.588
=0.28

* 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.


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.


Minto Metals Inventory Turnover Related Terms

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


Minto Metals (TSXV:MNTO) Business Description

Traded in Other Exchanges
N/A
Address
61 Wasson Place, Whitehorse, YT, CAN, Y1A 0H7
Minto Metals Corp operates in the mining industry. The company's current mine operations are based on underground mining, a process plant to produce high-grade copper, gold and silver concentrate. The group is performing its mining and milling activities from the Copper Keel ore body. It has one segment for reporting which is the operations at the Company's Canadian Mine location.

Minto Metals (TSXV:MNTO) Headlines

No Headlines