McEwen (MEX:MUX) Change In Inventory: MXN-384 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

MEX:MUX McEwen Inc MEX:MUX
52 GF Score
Price MXN355.00
GF Value MXN224.14
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is McEwen Change In Inventory?

McEwen MEX:MUX 52 Change In Inventory is MXN-384 Mil as of Mar. 2026. GuruFocus rates MEX:MUX with a GF Score™ of 52/100 and a GF Value™ of MXN224.14 (Significantly Overvalued). The stock has 3 warning signs investors should review.

McEwen's change in inventory for the quarter that ended in Mar. 2026 was MXN-128 Mil. It means McEwen's inventory increased by MXN128 Mil from Dec. 2025 to Mar. 2026 .

McEwen's change in inventory for the fiscal year that ended in Dec. 2025 was MXN-340 Mil. It means McEwen's inventory increased by MXN340 Mil from Dec. 2024 to Dec. 2025 .

McEwen's Total Inventories for the quarter that ended in Mar. 2026 was MXN566 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. McEwen's Days Inventory for the quarter that ended in Mar. 2026 was 62.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. McEwen's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.46.

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. McEwen's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.39.


McEwen  (MEX:MUX) Change In Inventory Explanation

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

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

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=524.3625/767.363*365 / 4
=62.35

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

McEwen's Inventory Turnover for the quarter that ended in Mar. 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.

McEwen's Inventory to Revenue for the quarter that ended in Mar. 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.


McEwen Change In Inventory Related Terms


McEwen Change In Inventory Historical Data

* Premium members only.

The historical data trend for McEwen'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.

McEwen Change In Inventory Chart

McEwen 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 0.00 0.00 77.30 -14.83 -340.33

McEwen Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -105.77 -150.63 -109.33 4.12 -127.94
MEX:MUX
52GF Score
McEwen Inc MEX:MUX
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

McEwen 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. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-384 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 MXN-384 Mil mean?
McEwen (MEX:MUX) has a Change In Inventory of MXN-384 Mil as of Mar. 2026. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for McEwen and its competitors.
Is McEwen's Change In Inventory too high?
McEwen's current Change In Inventory is MXN-384 Mil. Overall, McEwen has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does McEwen's Change In Inventory compare to SIND and LODE?
McEwen's Change In Inventory of MXN-384 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 McEwen and its competitors. McEwen's current Change In Inventory is MXN-384 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McEwen stock overvalued right now?
Based on GuruFocus' analysis, McEwen (MEX:MUX) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN224.14, compared to a current price of MXN355.00 — trading 58.4% above its estimated fair value. The current Change In Inventory is MXN-384 Mil. McEwen's overall GF Score™ is 52/100 with 3 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 McEwen (MEX:MUX), the current Change In Inventory is MXN-384 Mil as of Mar. 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 McEwen (MEX:MUX) Overvalued in 2026?

Based on GuruFocus' analysis, McEwen stock appears to be overvalued. The current stock price of MXN355.00 is trading 58.4% above its estimated GF Value™ of MXN224.14. GuruFocus considers McEwen to be Significantly Overvalued.

Key valuation signals for MEX:MUX:

  • Change In Inventory: MXN-384 Mil
  • GF Value™: MXN224.14 vs. price of MXN355.00 (58.4% above fair value)
  • GF Score™: 52/100 with 3 warning signs

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


McEwen Business Description

Address 150 King Street West, Suite 2800, PO Box 24, Toronto, ON, CAN, M5H 1J9
McEwen Inc is a mining and minerals production and exploration company that focuses on precious and base minerals in Argentina, Mexico, and the United States. The company generates its revenue from gold and silver production. It owns and operates the wholly-owned El Gallo 1 mine in Mexico and holds a minority stake in the company that manages the San Jose mine in Argentina. Its Other operations include: Fox Complex, Gold Bar Complex, Project Fenix, and Los Azules. The company generates its revenue from gold and silver production. Its operating segments include Canada, United States, Mexico, MSC and McEwen Copper, of which it derives maximum revenue from USA.
52GF Score

Get the complete analysis for MEX:MUX

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

MXN355.00
Price
MXN224.14
GF Value