GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver X Mining Corp (STU:AGX) » Definitions » Inventory Turnover

Silver X Mining (STU:AGX) Inventory Turnover : 8.66 (As of Sep. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Silver X Mining 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. Silver X Mining's Cost of Goods Sold for the three months ended in Sep. 2024 was €5.15 Mil. Silver X Mining's Average Total Inventories for the quarter that ended in Sep. 2024 was €0.60 Mil. Silver X Mining's Inventory Turnover for the quarter that ended in Sep. 2024 was 8.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Silver X Mining's Days Inventory for the three months ended in Sep. 2024 was 10.53.

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. Silver X Mining's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.13.


Silver X Mining Inventory Turnover Historical Data

The historical data trend for Silver X Mining'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.

* Premium members only.

Silver X Mining Inventory Turnover Chart

Silver X Mining Annual Data
Trend Feb20 Feb21 Dec22 Dec23
Inventory Turnover
- - 11.15 18.99

Silver X Mining Quarterly Data
May20 Aug20 Feb21 May21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.50 7.76 8.53 11.23 8.66

Silver X Mining Inventory Turnover Calculation

Silver X Mining'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 )
=16.752 / ((1.205 + 0.559) / 2 )
=16.752 / 0.882
=18.99

Silver X Mining'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 )
=5.154 / ((0 + 0.595) / 1 )
=5.154 / 0.595
=8.66

* 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.


Silver X Mining  (STU:AGX) 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.

Silver X Mining'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
=0.595/5.154*365 / 4
=10.53

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.

Silver X Mining'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 )
=0.595 / 4.494
=0.13

* 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.


Silver X Mining Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Silver X Mining's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Silver X Mining Business Description

Traded in Other Exchanges
Address
800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6
Silver X Mining Corp is a Canadian silver mining company with assets in Peru and Ecuador. The Company operates in two reportable operating segments, the exploration and development of mineral properties. The company's flagship asset is the Nueva Recuperada silver lead zinc project located in Huancavelica, Peru. The firm offers diverse commodity exposure, including silver, gold, lead, and zinc opportunities. It also holds interest in the Coriorcco gold project.