Lepanto Consolidated Mining Co (PHS:LCB) Inventory Turnover : 1.37 (As of Sep. 2024)

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What is Lepanto Consolidated Mining Co 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. Lepanto Consolidated Mining Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ₱660 Mil. Lepanto Consolidated Mining Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ₱481 Mil. Lepanto Consolidated Mining Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lepanto Consolidated Mining Co's Days Inventory for the three months ended in Sep. 2024 was 66.43.

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. Lepanto Consolidated Mining Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.66.

Lepanto Consolidated Mining Co Inventory Turnover Historical Data

The historical data trend for Lepanto Consolidated Mining Co'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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Lepanto Consolidated Mining Co Inventory Turnover Chart

Lepanto Consolidated Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.91

3.61

3.34

3.59

3.90

Lepanto Consolidated Mining Co 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															1.09	0.59	1.39	1.29	1.37

Lepanto Consolidated Mining Co Inventory Turnover Calculation

Lepanto Consolidated Mining Co'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 )
=	2207.66	/ (	(587.494	+	545.853)	/	2 )
=	2207.66	/	566.6735
=	3.90

Lepanto Consolidated Mining Co'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 )
=	659.995	/ (	(481.852	+	479.169)	/	2 )
=	659.995	/	480.5105
=	1.37

Lepanto Consolidated Mining Co (PHS:LCB) 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.

Lepanto Consolidated Mining Co'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
	=	480.5105	/	659.995	*	365 / 4
	=	66.43

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.

Lepanto Consolidated Mining Co'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 )
	=	480.5105	/	733.017
	=	0.66

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.

Lepanto Consolidated Mining Co Inventory Turnover Related Terms

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Lepanto Consolidated Mining Co Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lepanto Consolidated Mining Co (PHS:LCB) » Definitions » Inventory Turnover

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Traded in Other Exchanges

LECBF:USA LC:Philippines

Address

21st Floor Lepanto Building, 8747 Paseo de Roxas, Bel-Air, Makati City, PHL, 1209

Website

https://www.lepantomining.com

Lepanto Consolidated Mining Co, based in the Philippines, primarily focuses on gold mining at two main sites: the Victoria and Teresa gold deposits. Their revenue streams are diversified across three segments. Firstly, it engages in Mining Activities, exploring and extracting various resources like gold, silver, copper, lead, zinc, and occasionally oil, gas, and coal. Secondly, it offers Services such as drilling, hauling, and sawmilling to both internal operations and external clients. Lastly, the company participates in Other activities like trading, manufacturing, investments, and insurance brokerage. However, their main source of revenue stems from mining operations, which remains their core business focus.

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