ECPN (El Capitan Precious Metals) Inventory Turnover: 8.54 (As of Sep. 2017)


What is El Capitan Precious Metals Inventory Turnover?

El Capitan Precious Metals ECPN Inventory Turnover is 8.54 as of Sep. 2017.

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. El Capitan Precious Metals's Cost of Goods Sold for the three months ended in Sep. 2017 was $1.79 Mil. El Capitan Precious Metals's Average Total Inventories for the quarter that ended in Sep. 2017 was $0.21 Mil. El Capitan Precious Metals's Inventory Turnover for the quarter that ended in Sep. 2017 was 8.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. El Capitan Precious Metals's Days Inventory for the three months ended in Sep. 2017 was 10.68.

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.

El Capitan Precious Metals  (OTCPK:ECPN) 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.

El Capitan Precious Metals's Days Inventory for the three months ended in Sep. 2017 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2017 )/Cost of Goods Sold (Q: Sep. 2017 )*Days in Period
=0.21/1.794*365 / 4
=10.68

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.

El Capitan Precious Metals's Inventory to Revenue for the quarter that ended in Sep. 2017 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2017 ) / Revenue (Q: Sep. 2017 )
=0.21 / -0.004
=

* 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.

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.

El Capitan Precious Metals Inventory Turnover Related Terms

El Capitan Precious Metals Inventory Turnover Historical Data

* Premium members only.

The historical data trend for El Capitan Precious Metals'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.

El Capitan Precious Metals Inventory Turnover Chart

El Capitan Precious Metals Annual Data
Trend Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 14.68 8.61

El Capitan Precious Metals Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.68 0.00 0.00 0.01 8.54

El Capitan Precious Metals Inventory Turnover Calculation

El Capitan Precious Metals's Inventory Turnover for the fiscal year that ended in Sep. 2017 is calculated as

Inventory Turnover (A: Sep. 2017 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Sep. 2017 ) / ((Total Inventories (A: Sep. 2016 ) + Total Inventories (A: Sep. 2017 )) / count )
=1.796 / ((0.252 + 0.165) / 2 )
=1.796 / 0.2085
=8.61

El Capitan Precious Metals's Inventory Turnover for the quarter that ended in Sep. 2017 is calculated as

Inventory Turnover (Q: Sep. 2017 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2017 ) / ((Total Inventories (Q: Jun. 2017 ) + Total Inventories (Q: Sep. 2017 )) / count )
=1.794 / ((0.255 + 0.165) / 2 )
=1.794 / 0.21
=8.54

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 8.54 mean?
El Capitan Precious Metals (ECPN) has a Inventory Turnover of 8.54 as of Sep. 2017. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on El Capitan Precious Metals and its competitors.
Is El Capitan Precious Metals' Inventory Turnover too high?
El Capitan Precious Metals' current Inventory Turnover is 8.54.
How does El Capitan Precious Metals' Inventory Turnover compare to MAGE?
El Capitan Precious Metals' Inventory Turnover of 8.54 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Metals & Mining company?
A good Inventory Turnover depends on the Metals & Mining industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on El Capitan Precious Metals and its competitors. El Capitan Precious Metals's current Inventory Turnover is 8.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is El Capitan Precious Metals stock overvalued right now?
El Capitan Precious Metals (ECPN) has a current Inventory Turnover of 8.54. The current Inventory Turnover is 8.54. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For El Capitan Precious Metals (ECPN), the current Inventory Turnover is 8.54 as of Sep. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

El Capitan Precious Metals Business Description

Address 5871 Honeysuckle Road, Prescott, AZ, USA, 86305
El Capitan Precious Metals Inc is an exploration stage mining company. It explores for precious metals and other minerals. The company owns an interest in El Capitan Ltd which holds an interest in the El Capitan property located in New Mexico. Its objective is to market and sell the El Capitan Property to a mining company or enter a joint venture arrangement with a mining company to conduct mining operations. The El Capitan property consists of more than 350 Bureau of Land Management lode claims and four patented claims.