Taseko Mines (TSX:TKO) Inventory-to-Revenue : 0.82 (As of Dec. 2023)

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What is Taseko Mines Inventory-to-Revenue?

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. Taseko Mines's Average Total Inventories for the quarter that ended in Dec. 2023 was C$126.1 Mil. Taseko Mines's Revenue for the three months ended in Dec. 2023 was C$153.7 Mil. Taseko Mines's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.82.

Taseko Mines's Inventory-to-Revenue for the quarter that ended in Dec. 2023 increased from Sep. 2023 (0.81) to Sep. 2023 (0.82)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Taseko Mines's Days Inventory for the three months ended in Dec. 2023 was 122.50.

Inventory Turnover measures how fast the company turns over its inventory within a year. Taseko Mines's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.74.

Taseko Mines Inventory-to-Revenue Historical Data

The historical data trend for Taseko Mines's Inventory-to-Revenue 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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Taseko Mines Inventory-to-Revenue Chart

Taseko Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.13

0.15

0.16

0.22

0.21

Taseko Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.80	0.87	0.95	0.81	0.82

Competitive Comparison of Taseko Mines's Inventory-to-Revenue

For the Copper subindustry, Taseko Mines's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

Taseko Mines's Inventory-to-Revenue Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Taseko Mines's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Taseko Mines's Inventory-to-Revenue falls into.

Taseko Mines Inventory-to-Revenue Calculation

Taseko Mines's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (92.846	+	122.942)	/	2 )	/	524.972
=	107.894					/	524.972
=	0.21

Taseko Mines's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (129.209	+	122.942)	/	2 )	/	153.694
=	126.0755					/	153.694
=	0.82

Taseko Mines (TSX:TKO) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Taseko Mines's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	126.0755	/	93.914	*	365 / 4
	=	122.50

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	93.914	/	126.0755
	=	0.74

Taseko Mines Inventory-to-Revenue Related Terms

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Taseko Mines (TSX:TKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Taseko Mines Ltd (TSX:TKO) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

TGB:USA TKO:UK UDM:Germany UDM:Germany

Address

1040 West Georgia Street, 12th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.tasekomines.com

Taseko Mines Ltd is a Canadian mining company. It is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada, and the State of Arizona, the United States. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.

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