New Gold (TSX:NGD) Change In Inventory : C$-9 Mil (TTM As of Dec. 2023)

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What is New Gold Change In Inventory?

New Gold's change in inventory for the quarter that ended in Dec. 2023 was C$5 Mil. It means New Gold's inventory declined by C$5 Mil from Sep. 2023 to Dec. 2023 .

New Gold's change in inventory for the fiscal year that ended in Dec. 2023 was C$-9 Mil. It means New Gold's inventory increased by C$9 Mil from Dec. 2022 to Dec. 2023 .

New Gold's Total Inventories for the quarter that ended in Dec. 2023 was C$170 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. New Gold's Days Inventory for the quarter that ended in Dec. 2023 was 64.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. New Gold's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.42.

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. New Gold's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.66.

New Gold Change In Inventory Historical Data

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

New Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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21.33

13.58

-6.14

-21.74

-8.72

New 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															-12.23	-6.71	-9.97	3.38	4.56

New 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$-9 Mil.

New Gold (TSX:NGD) Change In Inventory Explanation

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

New 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
	=	176.5955	/	250.611	*	365 / 4
	=	64.30

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	250.611	/	176.5955
	=	1.42

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	176.5955	/	267.247
	=	0.66

New Gold Change In Inventory Related Terms

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New Gold (TSX:NGD) Business Description

Industry

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

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NGD:USA 32N:Germany

Address

181 Bay Street, Suite 3320, Toronto, ON, CAN, M5J 2T3

Website

https://www.newgold.com

New Gold Inc participates in the development and operation of intermediate mining properties. The company has a portfolio of two primary assets: the Rainy River Mine and the New Afton Mine in Canada. The company also owns the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of gold, copper, and silver to various banks engaged in the trading of precious metals and refineries.