Equinox Gold (Equinox Gold) Change In Inventory : $-151 Mil (TTM As of Mar. 2024)

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What is Equinox Gold Change In Inventory?

Equinox Gold's change in inventory for the quarter that ended in Mar. 2024 was $-25 Mil. It means Equinox Gold's inventory increased by $25 Mil from Dec. 2023 to Mar. 2024 .

Equinox Gold's change in inventory for the fiscal year that ended in Dec. 2023 was $-166 Mil. It means Equinox Gold's inventory increased by $166 Mil from Dec. 2022 to Dec. 2023 .

Equinox Gold's Total Inventories for the quarter that ended in Mar. 2024 was $415 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Equinox Gold's Days Inventory for the quarter that ended in Mar. 2024 was 164.00.

Inventory Turnover measures how fast the company turns over its inventory within a year. Equinox Gold's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.56.

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. Equinox Gold's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.71.

Equinox Gold Change In Inventory Historical Data

The historical data trend for Equinox Gold'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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Equinox Gold Change In Inventory Chart

Equinox Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-36.49

20.55

20.22

-69.61

-165.70

Equinox Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-39.47	-41.06	-36.88	-48.28	-24.50

Equinox Gold 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-151 Mil.

Equinox Gold (AMEX:EQX) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	413.2795	/	229.956	*	365 / 4
	=	164.00

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

Equinox Gold's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	229.956	/	413.2795
	=	0.56

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.

Equinox Gold's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	413.2795	/	241.318
	=	1.71

Equinox Gold Change In Inventory Related Terms

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Equinox Gold (Equinox Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Equinox Gold Corp (AMEX:EQX) » Definitions » Change In Inventory

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Address

700 West Pender Street, Suite 1501, Vancouver, BC, CAN, V6C 1G8

Website

https://www.equinoxgold.com

Equinox Gold Corp is a mining company engaged in the operation, acquisition, exploration and development of mineral properties, with a focus on gold. Equinox Gold has around seven operating gold mines and a clear plan to increase production by advancing a pipeline of growth projects.