FQVLF (First Quantum Minerals) Inventory Turnover: 0.73 (As of Mar. 2026)

What is First Quantum Minerals Inventory Turnover?

First Quantum Minerals FQVLF +0.28% 73 Inventory Turnover is 0.73 as of Mar. 2026. GuruFocus rates FQVLF with a GF Score™ of 73/100 and a GF Value™ of $15.92 (Significantly Overvalued). The stock has 6 warning signs investors should review.

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. First Quantum Minerals's Cost of Goods Sold for the three months ended in Mar. 2026 was $1,126 Mil. First Quantum Minerals's Average Total Inventories for the quarter that ended in Mar. 2026 was $1,552 Mil. First Quantum Minerals's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. First Quantum Minerals's Days Inventory for the three months ended in Mar. 2026 was 125.73.

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. First Quantum Minerals's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 1.11.

First Quantum Minerals (OTCPK:FQVLF) 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.

First Quantum Minerals's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	1551.5	/	1126	*	365 / 4
	=	125.73

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.

First Quantum Minerals's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	1551.5	/	1404
	=	1.11

* 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.

First Quantum Minerals Inventory Turnover Related Terms

First Quantum Minerals Inventory Turnover Historical Data

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The historical data trend for First Quantum Minerals's Inventory Turnover can be seen below:

First Quantum Minerals Inventory Turnover Chart

First Quantum Minerals Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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3.51

3.91

3.39

2.19

2.45

First Quantum Minerals Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															0.55	0.55	0.63	0.68	0.73

73GF Score

First Quantum Minerals Ltd FQVLF

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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First Quantum Minerals Inventory Turnover Calculation

First Quantum Minerals's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	3779	/ (	(1554	+	1537)	/	2 )
=	3779	/	1545.5
=	2.45

First Quantum Minerals's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	1126	/ (	(1537	+	1566)	/	2 )
=	1126	/	1551.5
=	0.73

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.73 mean?

First Quantum Minerals (FQVLF) has a Inventory Turnover of 0.73 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on First Quantum Minerals and its competitors.

Is First Quantum Minerals' Inventory Turnover too high?

First Quantum Minerals' current Inventory Turnover is 0.73. Overall, First Quantum Minerals has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does First Quantum Minerals' Inventory Turnover compare to SCCO and FCX?

First Quantum Minerals' Inventory Turnover of 0.73 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 First Quantum Minerals and its competitors. First Quantum Minerals's current Inventory Turnover is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is First Quantum Minerals stock overvalued right now?

Based on GuruFocus' analysis, First Quantum Minerals (FQVLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $15.92, compared to a current price of $27.54 — trading 73% above its estimated fair value. The current Inventory Turnover is 0.73. First Quantum Minerals' overall GF Score™ is 73/100 with 6 warning signs to review. 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 First Quantum Minerals (FQVLF), the current Inventory Turnover is 0.73 as of Mar. 2026. 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.

Is First Quantum Minerals (FQVLF) Overvalued in 2026?

Based on GuruFocus' analysis, First Quantum Minerals stock appears to be overvalued. The current stock price of $27.54 is trading 73% above its estimated GF Value™ of $15.92. GuruFocus considers First Quantum Minerals to be Significantly Overvalued.

Key valuation signals for FQVLF:

Inventory Turnover: 0.73
GF Value™: $15.92 vs. price of $27.54 (73% above fair value)
GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the FQVLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First Quantum Minerals Business Description

Industry Basic Materials Metals & Mining

Comparable Companies TSX:LUN TSX:HBM TSX:CS TSX:ERO TSX:TKO TSX:ASCU TSX:FDY TSX:III TSX:MARI TSX:ARG SCCO FCX LSE:ANTO LIM:CVERDEC1 SHSE:600362 WAR:KGH SZSE:301511 SZSE:000630 HKSE:01208 SZSE:002203

Other Exchanges IZ1:Germany FM:Canada

Address 330 Bay Street, Suite 1101, Toronto, ON, CAN, M5H 2S8

Website https://www.first-quantum.com

First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia, and Mauritania. The company's reportable operating segments are Cobre Panama, Kansanshi, and Trident.

73GF Score

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$27.54

Price

$15.92

GF Value

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