Minera IRL (Minera IRL) Change In Inventory : $1.62 Mil (TTM As of Sep. 2023)

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What is Minera IRL Change In Inventory?

Minera IRL's change in inventory for the quarter that ended in Sep. 2023 was $0.72 Mil. It means Minera IRL's inventory declined by $0.72 Mil from Jun. 2023 to Sep. 2023 .

Minera IRL's change in inventory for the fiscal year that ended in Dec. 2022 was $0.26 Mil. It means Minera IRL's inventory declined by $0.26 Mil from Dec. 2021 to Dec. 2022 .

Minera IRL's Total Inventories for the quarter that ended in Sep. 2023 was $2.83 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Minera IRL's Days Inventory for the quarter that ended in Sep. 2023 was 40.15.

Inventory Turnover measures how fast the company turns over its inventory within a year. Minera IRL's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.27.

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. Minera IRL's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.37.

Minera IRL Change In Inventory Historical Data

The historical data trend for Minera IRL'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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Minera IRL Change In Inventory Chart

Minera IRL Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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0.59

-0.08

-0.79

-1.11

0.26

Minera IRL Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial															0.16	0.54	0.38	-0.02	0.72

Minera IRL 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.62 Mil.

Minera IRL (OTCPK:MRLLY) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3.1915	/	7.254	*	365 / 4
	=	40.15

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

Minera IRL's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.254	/	3.1915
	=	2.27

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.

Minera IRL's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.1915	/	8.547
	=	0.37

Minera IRL Change In Inventory Related Terms

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Minera IRL (Minera IRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minera IRL Ltd (OTCPK:MRLLY) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

MRLLF:USA MIRL:Peru DZX:Germany MIRL:Canada

Address

15 Esplanade, Hawksford House, Saint Helier, JEY, JE1 1RB

Website

https://www.minera-irl.com

Minera IRL Ltd is engaged in the development and operation of gold mines in Peru. It is engaged in the exploration, development and operation of mines for the extraction of metals. It operates the Corihuarmi Gold Mine and owns the Ollachea Project through its subsidiaries. The Ollachea Project has a completed feasibility study and environmental and construction permits.

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