Patagonia Gold (FRA:PVR1) Inventory Turnover : 0.95 (As of Sep. 2022)

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What is Patagonia Gold 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. Patagonia Gold's Cost of Goods Sold for the three months ended in Sep. 2022 was €3.83 Mil. Patagonia Gold's Average Total Inventories for the quarter that ended in Sep. 2022 was €4.04 Mil. Patagonia Gold's Inventory Turnover for the quarter that ended in Sep. 2022 was 0.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Patagonia Gold's Days Inventory for the three months ended in Sep. 2022 was 96.18.

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. Patagonia Gold's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 1.62.

Patagonia Gold Inventory Turnover Historical Data

The historical data trend for Patagonia Gold'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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Patagonia Gold Inventory Turnover Chart

Patagonia Gold Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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0.83

2.64

3.67

3.90

3.98

Patagonia Gold Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Inventory Turnover	Get a 7-Day Free Trial															1.15	1.00	1.04	0.98	0.95

Patagonia Gold Inventory Turnover Calculation

Patagonia Gold's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	12	/ (	(2.704	+	3.327)	/	2 )
=	12	/	3.0155
=	3.98

Patagonia Gold's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

	Inventory Turnover (Q: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )
=	3.828	/ (	(3.718	+	4.352)	/	2 )
=	3.828	/	4.035
=	0.95

Patagonia Gold (FRA:PVR1) 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.

Patagonia Gold's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	4.035	/	3.828	*	365 / 4
	=	96.18

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.

Patagonia Gold's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	4.035	/	2.486
	=	1.62

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.

Patagonia Gold Inventory Turnover Related Terms

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Patagonia Gold (FRA:PVR1) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patagonia Gold Corp (FRA:PVR1) » Definitions » Inventory Turnover

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Address

2200 - 885 West Georgia Street, 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.patagoniagold.com

Patagonia Gold Corp is a Canada-based mineral exploration company. The firm is engaged in the exploration, development, and production of gold and silver projects in the southern Patagonia region of Argentina, Chile, and Uruguay. It also holds interests in mineral exploration companies, which are involved in the identification, acquisition, development, and exploitation of mineral projects. Some of its projects include the Calcatreu, Cap-Oeste, El Tranquilo, La Josefina, La Manchuria, and La Valenciana.

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