Capstone Copper (TSX:CS) Inventory Turnover : 2.23 (As of Dec. 2023)

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What is Capstone Copper 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. Capstone Copper's Cost of Goods Sold for the three months ended in Dec. 2023 was C$446 Mil. Capstone Copper's Average Total Inventories for the quarter that ended in Dec. 2023 was C$199 Mil. Capstone Copper's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Capstone Copper's Days Inventory for the three months ended in Dec. 2023 was 40.84.

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. Capstone Copper's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.42.

Capstone Copper Inventory Turnover Historical Data

The historical data trend for Capstone 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.

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Capstone Copper Inventory Turnover Chart

Capstone Copper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.50

6.91

7.17

10.88

8.64

Capstone Copper Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.04	1.97	2.18	2.17	2.23

Capstone Copper Inventory Turnover Calculation

Capstone Copper'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 )
=	1693.765	/ (	(191.273	+	200.721)	/	2 )
=	1693.765	/	195.997
=	8.64

Capstone Copper's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	445.582	/ (	(198.115	+	200.721)	/	2 )
=	445.582	/	199.418
=	2.23

Capstone Copper (TSX:CS) 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.

Capstone Copper's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	199.418	/	445.582	*	365 / 4
	=	40.84

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.

Capstone Copper's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	199.418	/	474.571
	=	0.42

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.

Capstone Copper Inventory Turnover Related Terms

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Capstone Copper (TSX:CS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Capstone Copper Corp (TSX:CS) » Definitions » Inventory Turnover

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CSCCF:USA OUW0:Germany

Address

510 West Georgia Street, Suite 2100, Vancouver, BC, CAN, V6B 0M3

Website

http://www.capstonemining.com

Capstone Copper Corp is a company that mines, explores, and develops mineral properties in the Americas. Specifically, the group has operating mines in the US, Mexico, and Canada, and development projects in Chile and Canada. Capstone's main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold. The Company has six reportable segments which are Pinto Valley (US), Mantos Blancos (Chile), Mantoverde (Chile), Cozamin (Mexico), as well as the Santo Domingo development project (Chile) and Other.