Volcan Compania MineraA (LIM:VOLCABC1) Inventory Turnover : 3.62 (As of Dec. 2023)

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What is Volcan Compania MineraA 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. Volcan Compania MineraA's Cost of Goods Sold for the three months ended in Dec. 2023 was S/.663 Mil. Volcan Compania MineraA's Average Total Inventories for the quarter that ended in Dec. 2023 was S/.183 Mil. Volcan Compania MineraA's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Volcan Compania MineraA's Days Inventory for the three months ended in Dec. 2023 was 25.23.

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. Volcan Compania MineraA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

Volcan Compania MineraA Inventory Turnover Historical Data

The historical data trend for Volcan Compania MineraA'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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Volcan Compania MineraA Inventory Turnover Chart

Volcan Compania MineraA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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12.23

10.51

10.86

13.05

13.77

Volcan Compania MineraA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.45	3.04	3.40	3.54	3.62

Volcan Compania MineraA Inventory Turnover Calculation

Volcan Compania MineraA'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 )
=	2697.444	/ (	(212.273	+	179.599)	/	2 )
=	2697.444	/	195.936
=	13.77

Volcan Compania MineraA's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	663.19	/ (	(187.083	+	179.599)	/	2 )
=	663.19	/	183.341
=	3.62

Volcan Compania MineraA (LIM:VOLCABC1) 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.

Volcan Compania MineraA's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	183.341	/	663.19	*	365 / 4
	=	25.23

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.

Volcan Compania MineraA's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	183.341	/	813.617
	=	0.23

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.

Volcan Compania MineraA Inventory Turnover Related Terms

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Volcan Compania MineraA (LIM:VOLCABC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volcan Compania Minera SAA (LIM:VOLCABC1) » Definitions » Inventory Turnover

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VOLCAAC1:Peru XVOLB:Spain

Address

Avenida Manuel Olguin 373, Santiago de Surco, Lima, PER

Website

https://www.volcan.com.pe

Volcan Compania Minera SAA is a Peruvian mining company. All of its operations are located in the central mountains of the Peruvian Andes, which include operating units such as Yauli, Chungar, Alpamarca, and Cerro de Pasco. These four operating units include a total of 10 mines, seven concentrator plants, and an oxide leaching plant. Zinc constitutes the largest contribution to consolidated revenue, and with silver, makes up the vast majority of sales. In addition to the zinc and silver business, the company also mines lead, copper, and gold.

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