Benguet (PHS:BC) Inventory Turnover : 0.85 (As of Sep. 2024)

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What is Benguet 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. Benguet's Cost of Goods Sold for the three months ended in Sep. 2024 was ₱186 Mil. Benguet's Average Total Inventories for the quarter that ended in Sep. 2024 was ₱219 Mil. Benguet's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Benguet's Days Inventory for the three months ended in Sep. 2024 was 107.70.

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. Benguet's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.77.

Benguet Inventory Turnover Historical Data

The historical data trend for Benguet'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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Benguet Inventory Turnover Chart

Benguet Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.24

6.56

8.20

6.51

3.57

Benguet Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.75	0.97	0.79	0.98	0.85

Benguet Inventory Turnover Calculation

Benguet'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 )
=	764.527	/ (	(180.572	+	247.959)	/	2 )
=	764.527	/	214.2655
=	3.57

Benguet's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	185.687	/ (	(215.242	+	223.086)	/	2 )
=	185.687	/	219.164
=	0.85

Benguet (PHS:BC) 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.

Benguet's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	219.164	/	185.687	*	365 / 4
	=	107.70

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.

Benguet's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	219.164	/	283.595
	=	0.77

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.

Benguet Inventory Turnover Related Terms

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Benguet Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Benguet Corp (PHS:BC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

BGUUF:USA BCP.PFD:Philippines BCB:Philippines

Address

106 Paseo de Roxas, 7th Floor, Universal Re-Building, Makati, RIZ, PHL, 1226

Website

http://www.benguetcorp.com

Benguet Corp is engaged in gold, nickel, and other metallic and nonmetallic mineral production, exploration, research and development, and natural resource projects. The company operates through four segments namely Mining, Health services, Logistics, and Others. The Mining segment is engaged in exploration, nickel, and gold mining operations. The Health services segment is engaged in the business of offering medical and clinical diagnostic examinations and health care services. The logistics segment is engaged in logistics services to the supply-chain requirements of various industries. The Other segments of the company is engaged in research, development, health services, and water projects.