AG (First Majestic Silver) Change In Inventory: $-23 Mil (TTM As of Jun. 2026)

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AG First Majestic Silver Corp AG
60 GF Score
Price $18.40
GF Value $11.57
Valuation Significantly Overvalued
! 2 Warning Signs
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What is First Majestic Silver Change In Inventory?

First Majestic Silver AG +6.48% 60 Change In Inventory is $-23 Mil as of Jun. 2026. GuruFocus rates AG with a GF Score™ of 60/100 and a GF Value™ of $11.57 (Significantly Overvalued). The stock has 2 warning signs investors should review.

First Majestic Silver's change in inventory for the quarter that ended in Jun. 2026 was $-15 Mil. It means First Majestic Silver's inventory increased by $15 Mil from Mar. 2026 to Jun. 2026 .

First Majestic Silver's change in inventory for the fiscal year that ended in Dec. 2025 was $-0 Mil. It means First Majestic Silver's inventory increased by $0 Mil from Dec. 2024 to Dec. 2025 .

First Majestic Silver's Total Inventories for the quarter that ended in Jun. 2026 was $106 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. First Majestic Silver's Days Inventory for the quarter that ended in Jun. 2026 was 47.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. First Majestic Silver's Inventory Turnover for the quarter that ended in Jun. 2026 was 1.94.

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. First Majestic Silver's Inventory-to-Revenue for the quarter that ended in Jun. 2026 was 0.24.


First Majestic Silver  (NYSE:AG) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

First Majestic Silver's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=98.2415/190.623*365 / 4
=47.03

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

First Majestic Silver's Inventory Turnover for the quarter that ended in Jun. 2026 is calculated as

3. 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.

First Majestic Silver's Inventory to Revenue for the quarter that ended in Jun. 2026 is calculated as

* 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.


First Majestic Silver Change In Inventory Related Terms


First Majestic Silver Change In Inventory Historical Data

* Premium members only.

The historical data trend for First Majestic Silver's Change In Inventory 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.

First Majestic Silver Change In Inventory Chart

First Majestic Silver Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.96 -3.45 -0.51 2.27 -0.32

First Majestic Silver Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.84 -9.79 10.15 -8.31 -14.81
AG
60GF Score
First Majestic Silver Corp AG
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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First Majestic Silver Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-23 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $-23 Mil mean?
First Majestic Silver (AG) has a Change In Inventory of $-23 Mil as of Jun. 2026. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for First Majestic Silver and its competitors.
Is First Majestic Silver's Change In Inventory too high?
First Majestic Silver's current Change In Inventory is $-23 Mil. Overall, First Majestic Silver has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Majestic Silver's Change In Inventory compare to EXK?
First Majestic Silver's Change In Inventory of $-23 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Metals & Mining company?
A good Change In Inventory depends on the Metals & Mining industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for First Majestic Silver and its competitors. First Majestic Silver's current Change In Inventory is $-23 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Majestic Silver stock overvalued right now?
Based on GuruFocus' analysis, First Majestic Silver (AG) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.57, compared to a current price of $18.40 — trading 59% above its estimated fair value. The current Change In Inventory is $-23 Mil. First Majestic Silver's overall GF Score™ is 60/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For First Majestic Silver (AG), the current Change In Inventory is $-23 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Majestic Silver (AG) Overvalued in 2026?

Based on GuruFocus' analysis, First Majestic Silver stock appears to be overvalued. The current stock price of $18.40 is trading 59% above its estimated GF Value™ of $11.57. GuruFocus considers First Majestic Silver to be Significantly Overvalued.

Key valuation signals for AG:

  • Change In Inventory: $-23 Mil
  • GF Value™: $11.57 vs. price of $18.40 (59% above fair value)
  • GF Score™: 60/100 with 2 warning signs

No single metric tells the full story. See the AG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Majestic Silver Business Description

Address 925 West Georgia Street, Suite 1800, Vancouver, BC, CAN, V6C 3L2
First Majestic Silver Corp is in the business of production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. The company owns four producing mines in Mexico, consisting of the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, the Los Gatos Silver Mine, and the La Encantada Silver Mine. It also owns the Jerritt Canyon Gold Mine in Nevada, USA. Additionally, the firm holds interests in the San Martin Silver Mine and the Del Toro Silver Mine, and several exploration-stage projects. The majority of the company's revenues are from the sale of precious metals contained in dore and concentrate form. It generates maximum revenue from the sale of silver, followed by gold, zinc, copper, and other metals.
60GF Score

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Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$18.40
Price
$11.57
GF Value