Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Days Inventory : 92.37 (As of Dec. 2023)

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What is Sociedad Minera Cerro VerdeA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sociedad Minera Cerro VerdeA's Average Total Inventories for the six months ended in Dec. 2023 was $647 Mil. Sociedad Minera Cerro VerdeA's Cost of Goods Sold for the six months ended in Dec. 2023 was $2,556 Mil. Hence, Sociedad Minera Cerro VerdeA's Days Inventory for the six months ended in Dec. 2023 was 46.19.

The historical rank and industry rank for Sociedad Minera Cerro VerdeA's Days Inventory or its related term are showing as below:

LIM:CVERDEC1' s Days Inventory Range Over the Past 10 Years
Min: 65.92 Med: 94.94 Max: 168.15
Current: 92.37

During the past 10 years, Sociedad Minera Cerro VerdeA's highest Days Inventory was 168.15. The lowest was 65.92. And the median was 94.94.

LIM:CVERDEC1's Days Inventory is ranked worse than
54.39% of 649 companies
in the Metals & Mining industry
Industry Median: 86.21 vs LIM:CVERDEC1: 92.37

Sociedad Minera Cerro VerdeA's Days Inventory declined from Dec. 2021 (96.03) to Dec. 2023 (92.37).

Inventory Turnover measures how fast the company turns over its inventory within a year. Sociedad Minera Cerro VerdeA's Inventory Turnover for the six months ended in Dec. 2023 was 3.95.

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. Sociedad Minera Cerro VerdeA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.16.

Sociedad Minera Cerro VerdeA Days Inventory Historical Data

The historical data trend for Sociedad Minera Cerro VerdeA's Days 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.

* Premium members only.

Sociedad Minera Cerro VerdeA Days Inventory Chart

Sociedad Minera Cerro VerdeA Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

65.92

112.87

96.03

93.84

92.37

Sociedad Minera Cerro VerdeA Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec19	Dec20	Dec21	Dec22	Dec23
Days Inventory	Get a 7-Day Free Trial					65.92	112.87	96.03	93.84	92.37

Competitive Comparison of Sociedad Minera Cerro VerdeA's Days Inventory

For the Copper subindustry, Sociedad Minera Cerro VerdeA's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sociedad Minera Cerro VerdeA's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sociedad Minera Cerro VerdeA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sociedad Minera Cerro VerdeA's Days Inventory falls into.

Sociedad Minera Cerro VerdeA Days Inventory Calculation

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

Sociedad Minera Cerro VerdeA's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (650.211	+	643.507)	/	2 )	/	2556.052	*	365
=	646.859					/	2556.052	*	365
=	92.37

Sociedad Minera Cerro VerdeA's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (650.211	+	643.507)	/	2 )	/	2556.052	*	365 / 2
=	646.859					/	2556.052	*	365 / 2
=	46.19

Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Sociedad Minera Cerro VerdeA's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2556.052	/	646.859
	=	3.95

2. 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.

Sociedad Minera Cerro VerdeA's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	646.859	/	4143.228
	=	0.16

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Sociedad Minera Cerro VerdeA Days Inventory Related Terms

Thank you for viewing the detailed overview of Sociedad Minera Cerro VerdeA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Sociedad Minera Cerro VerdeA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Minera Cerro Verde SAA (LIM:CVERDEC1) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Avenue Alfonso Ugarte 304, Arequipa, PER

Website

https://www.cerroverde.pe

Sociedad Minera Cerro Verde SAA is involved in the exploration, extraction, production and sale of copper from deposits located in the southwest of the Arequipa city.

Sociedad Minera Cerro VerdeA Headlines

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