Newcrest Mining (ASX:NCM) Change In Inventory : A$0 Mil (TTM As of Jun. 2023)

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What is Newcrest Mining Change In Inventory?

Newcrest Mining's change in inventory for the quarter that ended in Jun. 2023 was A$0 Mil. It means Newcrest Mining's inventory stayed the same from Dec. 2022 to Jun. 2023 .

Newcrest Mining's change in inventory for the fiscal year that ended in Jun. 2023 was A$0 Mil. It means Newcrest Mining's inventory stayed the same from Jun. 2022 to Jun. 2023 .

Newcrest Mining's Total Inventories for the quarter that ended in Jun. 2023 was A$916 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Newcrest Mining's Days Inventory for the quarter that ended in Jun. 2023 was 86.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. Newcrest Mining's Inventory Turnover for the quarter that ended in Jun. 2023 was 2.11.

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. Newcrest Mining's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.26.

Newcrest Mining Change In Inventory Historical Data

The historical data trend for Newcrest Mining'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.

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Newcrest Mining Change In Inventory Chart

Newcrest Mining Annual Data

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Change In Inventory

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Newcrest Mining Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Newcrest Mining 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0 Mil.

Newcrest Mining (ASX:NCM) Change In Inventory Explanation

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

Newcrest Mining's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	902.034	/	1901.24	*	365 / 2
	=	86.59

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

Newcrest Mining's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1901.24	/	902.034
	=	2.11

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.

Newcrest Mining's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	902.034	/	3532.79
	=	0.26

Newcrest Mining Change In Inventory Related Terms

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Newcrest Mining (ASX:NCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newcrest Mining Ltd (ASX:NCM) » Definitions » Change In Inventory

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Address

600 Saint Kilda Road, Level 8, Melbourne, VIC, AUS, 3004

Website

https://www.newcrest.com.au

Newcrest is an Australia-based gold and, to a lesser extent, copper miner. Operations are mainly in Australia and Papua New Guinea. The company also owns a 32% stake in the Fruta Del Norte gold mine in Ecuador, while the acquisition of Brucejack in 2022 adds to its 70% stake in the Red Chris mine in Canada. The company is likely to produce around 2 million ounces of gold per year over the next decade, making it one of the larger global gold producers but still only accounting for less than 2% of total supply. Cash costs are below the industry average, underpinned by improvements at Lihir and Cadia. Organic growth options include its Havieron prospect, the Red Chris underground mine, and the high-grade Wafi-Golpu copper-gold prospect in PNG.

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