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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. Southern Copper's Cost of Goods Sold for the three months ended in Dec. 2024 was $1,426 Mil. Southern Copper's Average Total Inventories for the quarter that ended in Dec. 2024 was $1,020 Mil. Southern Copper's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.40.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Southern Copper's Days Inventory for the three months ended in Dec. 2024 was 65.25.
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. Southern Copper's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.37.
The historical data trend for Southern Copper'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.
Southern Copper Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial |
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4.66 | 4.89 | 5.48 | 5.44 | 5.51 |
Southern Copper Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Inventory Turnover | Get a 7-Day Free Trial |
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1.38 | 1.35 | 1.44 | 1.43 | 1.40 |
Southern Copper's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as
Inventory Turnover (A: Dec. 2024 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2024 ) | / ( | (Total Inventories (A: Dec. 2023 ) | + | Total Inventories (A: Dec. 2024 )) | / | count ) |
= | 5687.3 | / ( | (1016.9 | + | 1048.9) | / | 2 ) |
= | 5687.3 | / | 1032.9 | ||||
= | 5.51 |
Southern Copper's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as
Inventory Turnover (Q: Dec. 2024 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Dec. 2024 ) | / ( | (Total Inventories (Q: Sep. 2024 ) | + | Total Inventories (Q: Dec. 2024 )) | / | count ) |
= | 1426 | / ( | (990.5 | + | 1048.9) | / | 2 ) |
= | 1426 | / | 1019.7 | ||||
= | 1.40 |
* 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.
Southern Copper (NYSE:SCCO) 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.
Southern Copper's Days Inventory for the three months ended in Dec. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2024 ) | / | Cost of Goods Sold (Q: Dec. 2024 ) | * | Days in Period |
= | 1019.7 | / | 1426 | * | 365 / 4 | |
= | 65.25 |
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.
Southern Copper's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2024 ) | / | Revenue (Q: Dec. 2024 ) |
= | 1019.7 | / | 2784.4 | |
= | 0.37 |
* 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.
Thank you for viewing the detailed overview of Southern Copper's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Palomino Bonilla Luis Miguel | director | C/O SOUTHERN PERU COPPER CORP, 2575 E CAMELBACK RD, PHOENIX AZ 85016 |
Castillo Sanchez Mejorada Enrique | director | C/O SOUTHERN COPPER CORPORATION, 11811 NORTH TATUM BLVD., SUITE 2500, PHOENIX AZ 85028 |
Velasco German Larrea Mota | director, officer: Chairman of the Board and CEO | |
Contreras Lerdo De Tejada Leonardo | director | 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014 |
Andreve Vicente Ariztegui | director | 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014 |
Perez Alfredo Casar | director | C/O SOUTHERN COPPER CORPORATION, AV. CAMINOS DEL INCA 171, LIMA R5 33 |
Castro Raul Vaca | officer: General Auditor | 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014 |
Chapa Ramon Leal | officer: Senior Vice President | 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014 |
Quintanilla Daniel Muniz | director | C/O SOUTHERN COPPER CORPORATION, 11811 NORTH TATUM BLVD., SUITE 2500, PHOENIX AZ 85028 |
Mac Gregor Anciola Rafael | director | 1440 E. MISSOURI AVENUE, STE. C160, PHOENIX AZ 85014 |
Lopez Abad Rafael F. | officer: General Auditor | 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014 |
Lina Vingerhoets | officer: Comptroller | 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014 |
Julian Jorge Lazalde | officer: Secretary | 1440 E. MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014 |
Andres C Ferrero | officer: General Counsel | 1440 E MISSOURI AVENUE, SUITE 160, PHOENIX AZ 85014 |
Oscar Gonzalez Rocha | director, officer: President |
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