Sociedad Minera Corona (LIM:MINCORC1) Inventory Turnover : 0.00 (As of Dec. 2022)

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What is Sociedad Minera Corona 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. Sociedad Minera Corona's Cost of Goods Sold for the three months ended in Dec. 2022 was S/.0.0 Mil. Sociedad Minera Corona's Average Total Inventories for the quarter that ended in Dec. 2022 was S/.47.2 Mil. Sociedad Minera Corona's Inventory Turnover for the quarter that ended in Dec. 2022 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Sociedad Minera Corona Inventory Turnover Historical Data

The historical data trend for Sociedad Minera Corona'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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Sociedad Minera Corona Inventory Turnover Chart

Sociedad Minera Corona Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.21

6.42

7.43

7.30

7.56

Sociedad Minera Corona Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Dec22	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.72	1.62	1.64	-	-

Sociedad Minera Corona Inventory Turnover Calculation

Sociedad Minera Corona'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 )
=	338.367	/ (	(42.976	+	46.569)	/	2 )
=	338.367	/	44.7725
=	7.56

Sociedad Minera Corona's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	0	/ (	(51.404	+	42.976)	/	2 )
=	0	/	47.19
=	0.00

Sociedad Minera Corona (LIM:MINCORC1) 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.

Sociedad Minera Corona's Days Inventory for the three months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	47.19	/	0	*	365 / 4
	=

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.

Sociedad Minera Corona's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	47.19	/	0
	=

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.

Sociedad Minera Corona Inventory Turnover Related Terms

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Sociedad Minera Corona (LIM:MINCORC1) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Minera Corona SA (LIM:MINCORC1) » Definitions » Inventory Turnover

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MINCORI1:Peru

Address

Av. Pedro de Osma Nro. 450, Barranco, Lima, PER

Website

http://www.mineracorona.com.pe

Sociedad Minera Corona SA explores and extracts minerals to produce copper concentrates, silver, lead, and zinc. The company has two production unit namely Yauricocha, located in the department of Lima province of Yauyos and Carolina, located in the department of Cajamarca province of Hualgayoc.

Sociedad Minera Corona (LIM:MINCORC1) Headlines

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