Guanajuato Silver Co (AQSE:GSVR) Inventory Turnover : 4.28 (As of Mar. 2024)

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What is Guanajuato Silver Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Guanajuato Silver Co's Cost of Goods Sold for the three months ended in Mar. 2024 was £15.28 Mil. Guanajuato Silver Co's Average Total Inventories for the quarter that ended in Mar. 2024 was £3.57 Mil. Guanajuato Silver Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guanajuato Silver Co's Days Inventory for the three months ended in Mar. 2024 was 21.32.

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. Guanajuato Silver Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.26.

Guanajuato Silver Co Inventory Turnover Historical Data

The historical data trend for Guanajuato Silver Co's Inventory Turnover 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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Guanajuato Silver Co Inventory Turnover Chart

Guanajuato Silver Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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4.00

13.24

Guanajuato Silver Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															3.29	3.92	-	4.38	4.28

Guanajuato Silver Co Inventory Turnover Calculation

Guanajuato Silver Co's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	35.929	/ (	(1.193	+	4.233)	/	2 )
=	35.929	/	2.713
=	13.24

Guanajuato Silver Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	15.284	/ (	(3.683	+	3.46)	/	2 )
=	15.284	/	3.5715
=	4.28

Guanajuato Silver Co (AQSE:GSVR) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Guanajuato Silver Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	3.5715	/	15.284	*	365 / 4
	=	21.32

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.

Guanajuato Silver Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	3.5715	/	13.981
	=	0.26

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Guanajuato Silver Co Inventory Turnover Related Terms

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Guanajuato Silver Co (AQSE:GSVR) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Guanajuato Silver Co Ltd (AQSE:GSVR) » Definitions » Inventory Turnover

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Traded in Other Exchanges

GSVRF:USA E35:Germany GSVR:Canada

Address

999 Canada Place, Suite 578, Vancouver, BC, CAN, V6C 3E1

Website

https://www.gsilver.com

Guanajuato Silver Co Ltd is in the business of the acquisition, exploration and evaluation of mining assets. The company holds exploration and evaluation asset interests located in Canada and Mexico.

Guanajuato Silver Co (AQSE:GSVR) Headlines

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