Argonaut Gold (TSX:AR) Change In Inventory : C$-26.0 Mil (TTM As of Dec. 2023)

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What is Argonaut Gold Change In Inventory?

Argonaut Gold's change in inventory for the quarter that ended in Dec. 2023 was C$0.0 Mil. It means Argonaut Gold's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Argonaut Gold's change in inventory for the fiscal year that ended in Dec. 2023 was C$-41.1 Mil. It means Argonaut Gold's inventory increased by C$41.1 Mil from Dec. 2022 to Dec. 2023 .

Argonaut Gold's Total Inventories for the quarter that ended in Dec. 2023 was C$165.1 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Argonaut Gold's Days Inventory for the quarter that ended in Dec. 2023 was 101.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. Argonaut Gold's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.90.

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. Argonaut Gold's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.01.

Argonaut Gold Change In Inventory Historical Data

The historical data trend for Argonaut 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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Argonaut Gold Change In Inventory Chart

Argonaut Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-4.13

1.51

-23.36

-21.68

-41.06

Argonaut Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															8.06	-25.95	-	-	-

Argonaut 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-26.0 Mil.

Argonaut Gold (TSX:AR) Change In Inventory Explanation

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

Argonaut 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
	=	156.8865	/	141.478	*	365 / 4
	=	101.19

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

Argonaut Gold's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	141.478	/	156.8865
	=	0.90

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.

Argonaut Gold's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	156.8865	/	155.059
	=	1.01

Argonaut Gold Change In Inventory Related Terms

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Argonaut Gold (TSX:AR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Argonaut Gold Inc (TSX:AR) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

ARNGF:USA A8U:Germany

Address

9600 Prototype Court, Reno, NV, USA, 89521

Website

https://www.argonautgold.com

Argonaut Gold Inc is a Canadian gold company engaged in exploration, mine development, and production. Its primary assets are the El Castillo mine and the San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada, USA. The company also holds the construction stage Magino project, the exploration stage Cerro del Gallo project, and several other exploration stage projects, all of which are located in North America.