Sociedad Minera Corona (LIM:MINCORI1) Days Inventory : 48.30 (As of Dec. 2023)

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What is Sociedad Minera Corona Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sociedad Minera Corona's Average Total Inventories for the six months ended in Dec. 2023 was S/.45.4 Mil. Sociedad Minera Corona's Cost of Goods Sold for the six months ended in Dec. 2023 was S/.342.8 Mil. Hence, Sociedad Minera Corona's Days Inventory for the six months ended in Dec. 2023 was 24.15.

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

LIM:MINCORI1' s Days Inventory Range Over the Past 10 Years
Min: 43.03 Med: 49.31 Max: 56.86
Current: 48.3

During the past 8 years, Sociedad Minera Corona's highest Days Inventory was 56.86. The lowest was 43.03. And the median was 49.31.

LIM:MINCORI1's Days Inventory is ranked better than
75.49% of 661 companies
in the Metals & Mining industry
Industry Median: 87.65 vs LIM:MINCORI1: 48.30

Sociedad Minera Corona's Days Inventory declined from Dec. 2021 (49.10) to Dec. 2023 (48.30).

Inventory Turnover measures how fast the company turns over its inventory within a year. Sociedad Minera Corona's Inventory Turnover for the six months ended in Dec. 2023 was 7.56.

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 Corona's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.11.

Sociedad Minera Corona Days Inventory Historical Data

The historical data trend for Sociedad Minera Corona'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.

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Sociedad Minera Corona Days Inventory Chart

Sociedad Minera Corona Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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50.65

56.86

49.10

50.00

48.30

Sociedad Minera Corona Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Days Inventory	Get a 7-Day Free Trial			50.65	56.86	49.10	50.00	48.30

Competitive Comparison of Sociedad Minera Corona's Days Inventory

For the Other Industrial Metals & Mining subindustry, Sociedad Minera Corona'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 Corona's Days Inventory Distribution in the Metals & Mining Industry

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

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

Sociedad Minera Corona Days Inventory Calculation

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

Sociedad Minera Corona'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
=	( (43.536	+	47.175)	/	2 )	/	342.773	*	365
=	45.3555					/	342.773	*	365
=	48.30

Sociedad Minera Corona'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
=	( (43.536	+	47.175)	/	2 )	/	342.773	*	365 / 2
=	45.3555					/	342.773	*	365 / 2
=	24.15

Sociedad Minera Corona (LIM:MINCORI1) 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 Corona's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	342.773	/	45.3555
	=	7.56

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 Corona's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	45.3555	/	408.052
	=	0.11

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 Corona Days Inventory Related Terms

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

Sociedad Minera Corona Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Minera Corona SA (LIM:MINCORI1) » Definitions » Days Inventory

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Traded in Other Exchanges

MINCORC1:Peru

Address

Av. Pedro de Osma Nro. 450, Barranco, Lima, PER

Website

http://www.mineracorona.com.pe

Sociedad Minera Corona SA explores and extracts minerals to produce copper concentrates, silver, lead, and zinc. The company has two production unit namely Yauricocha, located in the department of Lima province of Yauyos and Carolina, located in the department of Cajamarca province of Hualgayoc.

Sociedad Minera Corona Headlines

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