BTG (B2Gold) Change In Inventory: $-54 Mil (TTM As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BTG B2Gold Corp BTG
90 GF Score
Price $5.58
GF Value $4.89
Valuation Modestly Overvalued
! 5 Warning Signs
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What is B2Gold Change In Inventory?

B2Gold BTG +4.10% 90 Change In Inventory is $-54 Mil as of Jun. 2026. GuruFocus rates BTG with a GF Score™ of 90/100 and a GF Value™ of $4.89 (Modestly Overvalued). The stock has 5 warning signs investors should review.

B2Gold's change in inventory for the quarter that ended in Jun. 2026 was $9 Mil. It means B2Gold's inventory declined by $9 Mil from Mar. 2026 to Jun. 2026 .

B2Gold's change in inventory for the fiscal year that ended in Dec. 2025 was $-84 Mil. It means B2Gold's inventory increased by $84 Mil from Dec. 2024 to Dec. 2025 .

B2Gold's Total Inventories for the quarter that ended in Jun. 2026 was $697 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. B2Gold's Days Inventory for the quarter that ended in Jun. 2026 was 129.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. B2Gold's Inventory Turnover for the quarter that ended in Jun. 2026 was 0.71.

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. B2Gold's Inventory-to-Revenue for the quarter that ended in Jun. 2026 was 0.86.


B2Gold  (AMEX:BTG) Change In Inventory Explanation

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

B2Gold's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=680.1225/481.06900000316*365 / 4
=129.01

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

B2Gold'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.

B2Gold's Inventory to Revenue for the quarter that ended in Jun. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=680.1225 / 789.35400000518
=0.86

* 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.


B2Gold Change In Inventory Related Terms


B2Gold Change In Inventory Historical Data

* Premium members only.

The historical data trend for B2Gold'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.

B2Gold Change In Inventory Chart

B2Gold 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 -24.04 -50.27 -24.33 -130.34 -83.63

B2Gold 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 -0.12 -41.84 -8.34 -12.14 8.68
BTG
90GF Score
B2Gold Corp BTG
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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B2Gold 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 $-54 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 $-54 Mil mean?
B2Gold (BTG) has a Change In Inventory of $-54 Mil as of Jun. 2026. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for B2Gold and its competitors.
Is B2Gold's Change In Inventory too high?
B2Gold's current Change In Inventory is $-54 Mil. Overall, B2Gold has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does B2Gold's Change In Inventory compare to NEM and AU?
B2Gold's Change In Inventory of $-54 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 B2Gold and its competitors. B2Gold's current Change In Inventory is $-54 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B2Gold stock overvalued right now?
Based on GuruFocus' analysis, B2Gold (BTG) is currently considered Modestly Overvalued. The stock's GF Value™ is $4.89, compared to a current price of $5.58 — trading 14.1% above its estimated fair value. The current Change In Inventory is $-54 Mil. B2Gold's overall GF Score™ is 90/100 with 5 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 B2Gold (BTG), the current Change In Inventory is $-54 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 B2Gold (BTG) Overvalued in 2026?

Based on GuruFocus' analysis, B2Gold stock appears to be overvalued. The current stock price of $5.58 is trading 14.1% above its estimated GF Value™ of $4.89. GuruFocus considers B2Gold to be Modestly Overvalued.

Key valuation signals for BTG:

  • Change In Inventory: $-54 Mil
  • GF Value™: $4.89 vs. price of $5.58 (14.1% above fair value)
  • GF Score™: 90/100 with 5 warning signs

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


B2Gold Business Description

Address 666 Burrard Street, Park Place, Suite 3400, Vancouver, BC, CAN, V6C 2X8
B2Gold Corp is a Canadian senior gold producer with operating mines in Mali, Namibia, and the Philippines. Its flagship asset is the Fekola mine in Mali, supplemented by the Masbate mine in the Philippines and the Otjikoto mine in Namibia. The company also holds the Goose project in Nunavut, Canada, and the Gramalote project in Colombia, along with exploration properties across several continents. B2Gold generates essentially all of its revenue from the sale of gold doré and concentrate, primarily through open-pit mining operations. Its production is sold into the global gold market, with customers typically being refiners, smelters, and bullion banks. The company focuses on acquiring, exploring, developing, and operating gold deposits, with growth driven by mine expansion and development projects.
90GF Score

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

$5.58
Price
$4.89
GF Value