Nexa Resources AtacochaA (LIM:ATACOAC1) Inventory Turnover : 2.62 (As of Mar. 2024)

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What is Nexa Resources AtacochaA 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. Nexa Resources AtacochaA's Cost of Goods Sold for the three months ended in Mar. 2024 was S/.54.02 Mil. Nexa Resources AtacochaA's Average Total Inventories for the quarter that ended in Mar. 2024 was S/.20.63 Mil. Nexa Resources AtacochaA's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nexa Resources AtacochaA's Days Inventory for the three months ended in Mar. 2024 was 34.85.

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. Nexa Resources AtacochaA's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.35.

Nexa Resources AtacochaA Inventory Turnover Historical Data

The historical data trend for Nexa Resources AtacochaA'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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Nexa Resources AtacochaA Inventory Turnover Chart

Nexa Resources AtacochaA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.76

10.28

5.31

7.39

10.68

Nexa Resources AtacochaA 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															2.04	2.76	3.44	-9.77	2.62

Nexa Resources AtacochaA Inventory Turnover Calculation

Nexa Resources AtacochaA'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 )
=	226.748	/ (	(24.359	+	18.111)	/	2 )
=	226.748	/	21.235
=	10.68

Nexa Resources AtacochaA'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 )
=	54.019	/ (	(18.111	+	23.146)	/	2 )
=	54.019	/	20.6285
=	2.62

Nexa Resources AtacochaA (LIM:ATACOAC1) 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.

Nexa Resources AtacochaA'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
	=	20.6285	/	54.019	*	365 / 4
	=	34.85

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.

Nexa Resources AtacochaA'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 )
	=	20.6285	/	59.185
	=	0.35

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.

Nexa Resources AtacochaA Inventory Turnover Related Terms

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Nexa Resources AtacochaA (LIM:ATACOAC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nexa Resources Atacocha SAA (LIM:ATACOAC1) » Definitions » Inventory Turnover

Traded in Other Exchanges

ATACOBC1:Peru

Address

Avenida Circunvalacion del Club Golf Los Incas N 170, Torre El Golf (Block A), Piso 22, Santiago de Surco, Lima, PER

Website

https://www.nexaresources.com

Nexa Resources Atacocha SAA is engaged in the exploration, exploitation, production and commercialization of concentrates of zinc, copper and lead, the last two with gold and silver contents, which it extracts from its own mining claims. Its mining units are located in the regions of Pasco, Ica and Moquegua in Peru.

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