Aris Mining (TSX:ARIS) Inventory Turnover : 2.07 (As of Dec. 2024)

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What is Aris 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. Aris Mining's Cost of Goods Sold for the three months ended in Dec. 2024 was C$132.1 Mil. Aris Mining's Average Total Inventories for the quarter that ended in Dec. 2024 was C$63.8 Mil. Aris Mining's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aris Mining's Days Inventory for the three months ended in Dec. 2024 was 44.08.

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. Aris Mining's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.30.

Aris Mining Inventory Turnover Historical Data

The historical data trend for Aris 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.

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Aris Mining Inventory Turnover Chart

Aris Mining Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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7.18

8.15

9.55

9.01

8.48

Aris Mining 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															2.18	1.98	1.99	2.02	2.07

Aris Mining Inventory Turnover Calculation

Aris Mining'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 )
=	497.091	/ (	(52.14	+	65.079)	/	2 )
=	497.091	/	58.6095
=	8.48

Aris Mining'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 )
=	132.097	/ (	(62.545	+	65.079)	/	2 )
=	132.097	/	63.812
=	2.07

Aris Mining (TSX:ARIS) 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.

Aris Mining'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
	=	63.812	/	132.097	*	365 / 4
	=	44.08

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.

Aris Mining'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 )
	=	63.812	/	215.238
	=	0.30

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.

Aris Mining Inventory Turnover Related Terms

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Aris Mining Business Description

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ARMN:USA ZP1:Germany ZP1:Germany

Address

1021 W Hastings Street, Suite 2400, Vancouver, BC, CAN, V6E 0C3

Website

https://www.aris-mining.com

Aris Mining Corp is engaged in the acquisition, exploration, development, and operation of gold properties in Colombia, Guyana, and Canada. It owns and operates its Segovia Operations, Soto Norte Project and Marmato Mine in Colombia, the Toroparu Project in Guyana, and the Juby Project in Ontario, Canada. The company generates revenue from the sale of gold and silver.