GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SilverCrest Metals Inc (FRA:S0C) » Definitions » Inventory Turnover

SilverCrest Metals (FRA:S0C) Inventory Turnover : 0.51 (As of Mar. 2024)


View and export this data going back to 2016. Start your Free Trial

What is SilverCrest Metals 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. SilverCrest Metals's Cost of Goods Sold for the three months ended in Mar. 2024 was €24.1 Mil. SilverCrest Metals's Average Total Inventories for the quarter that ended in Mar. 2024 was €47.3 Mil. SilverCrest Metals's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SilverCrest Metals's Days Inventory for the three months ended in Mar. 2024 was 179.37.

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. SilverCrest Metals's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.81.


SilverCrest Metals Inventory Turnover Historical Data

The historical data trend for SilverCrest 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.

* Premium members only.

SilverCrest Metals Inventory Turnover Chart

SilverCrest Metals Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only - - - 0.38 2.12

SilverCrest Metals Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.54 0.53 0.57 0.50 0.51

SilverCrest Metals Inventory Turnover Calculation

SilverCrest Metals's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=88.787 / ((37.952 + 45.665) / 2 )
=88.787 / 41.8085
=2.12

SilverCrest Metals'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: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count )
=24.075 / ((45.665 + 48.981) / 2 )
=24.075 / 47.323
=0.51

* 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.


SilverCrest Metals  (FRA:S0C) 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.

SilverCrest Metals'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
=47.323/24.075*365 / 4
=179.37

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.

SilverCrest Metals'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 )
=47.323 / 58.554
=0.81

* 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.


SilverCrest Metals Inventory Turnover Related Terms

Thank you for viewing the detailed overview of SilverCrest Metals's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


SilverCrest Metals (FRA:S0C) Business Description

Traded in Other Exchanges
Address
570 Granville Street, Suite 501, Vancouver, BC, CAN, V6C 3P1
SilverCrest Metals Inc involves in the exploration, development, and extraction of silver and other precious metals. The company's properties include Las Chispas, Cruz de Mayo, and other projects.

SilverCrest Metals (FRA:S0C) Headlines

No Headlines