B2Gold (NAM:B2G) Inventory Turnover: 0.85 (As of Mar. 2026)

What is B2Gold Inventory Turnover?

B2Gold NAM:B2G 89 Inventory Turnover is 0.85 as of Mar. 2026. GuruFocus rates NAM:B2G with a GF Score™ of 89/100 and a GF Value™ of R71.60. The stock has 6 warning signs investors should review.

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. B2Gold's Cost of Goods Sold for the three months ended in Mar. 2026 was R9,194 Mil. B2Gold's Average Total Inventories for the quarter that ended in Mar. 2026 was R10,834 Mil. B2Gold's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. B2Gold's Days Inventory for the three months ended in Mar. 2026 was 107.54.

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. B2Gold's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.56.

B2Gold (NAM:B2G) 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.

B2Gold's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	10834.478	/	9193.528	*	365 / 4
	=	107.54

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.

B2Gold's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	10834.478	/	19406.776
	=	0.56

* 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.

B2Gold Inventory Turnover Related Terms

B2Gold Inventory Turnover Historical Data

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The historical data trend for B2Gold's Inventory Turnover can be seen below:

B2Gold Inventory Turnover Chart

B2Gold Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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4.01

3.87

3.53

2.87

2.68

B2Gold Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															0.62	0.61	0.67	0.81	0.85

89GF Score

B2Gold Corp NAM:B2G

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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B2Gold Inventory Turnover Calculation

B2Gold's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	25761.69	/ (	(8700.757	+	10557.89)	/	2 )
=	25761.69	/	9629.3235
=	2.68

B2Gold's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	9193.528	/ (	(10557.89	+	11111.066)	/	2 )
=	9193.528	/	10834.478
=	0.85

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.85 mean?

B2Gold (NAM:B2G) has a Inventory Turnover of 0.85 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on B2Gold and its competitors.

Is B2Gold's Inventory Turnover too high?

B2Gold's current Inventory Turnover is 0.85. Overall, B2Gold has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.

How does B2Gold's Inventory Turnover compare to NEM and AU?

B2Gold's Inventory Turnover of 0.85 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Metals & Mining company?

A good Inventory Turnover depends on the Metals & Mining industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on B2Gold and its competitors. B2Gold's current Inventory Turnover is 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is B2Gold stock overvalued right now?

B2Gold (NAM:B2G) has a current Inventory Turnover of 0.85. The stock's GF Value™ is R71.60, compared to a current price of R56.42 — trading 21.2% below its estimated fair value. The current Inventory Turnover is 0.85. B2Gold's overall GF Score™ is 89/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For B2Gold (NAM:B2G), the current Inventory Turnover is 0.85 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is B2Gold (NAM:B2G) Overvalued in 2026?

Based on GuruFocus' analysis, B2Gold stock appears to be undervalued. The current stock price of R56.42 is trading 21.2% below its estimated GF Value™ of R71.60.

Key valuation signals for NAM:B2G:

Inventory Turnover: 0.85
GF Value™: R71.60 vs. price of R56.42 (21.2% below fair value)
GF Score™: 89/100 with 6 warning signs

No single metric tells the full story. See the NAM:B2G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

B2Gold Business Description

Industry Basic Materials Metals & Mining

Comparable Companies TSX:OGC TSX:MAU TSX:OR TSX:SSRM TSX:KNT TSX:GMIN TSX:TXG TSX:OLA TSX:DPM TSX:CG NEM SHSE:601899 TSX:AEM TSX:ABX TSX:WPM TSX:FNV AU HKSE:02259 JSE:GFI TSX:K

Other Exchanges BTG:USA BTGN:Mexico 0QYN:UK 5BG:Germany BTO:Canada

Address 666 Burrard Street, Park Place, Suite 3400, Vancouver, BC, CAN, V6C 2X8

Website https://www.b2gold.com

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other assets include the Gramalote gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; the Goose Project, and other mineral properties; and corporate and other.

89GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R56.42

Price

R71.60

GF Value

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