Dundee Precious Metals (TSX:DPM) Inventory Turnover : 0.53 (As of Sep. 2024)

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What is Dundee Precious Metals 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. Dundee Precious Metals's Cost of Goods Sold for the three months ended in Sep. 2024 was C$91.2 Mil. Dundee Precious Metals's Average Total Inventories for the quarter that ended in Sep. 2024 was C$171.6 Mil. Dundee Precious Metals's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dundee Precious Metals's Days Inventory for the three months ended in Sep. 2024 was 171.70.

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. Dundee Precious Metals's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.86.

Dundee Precious Metals Inventory Turnover Historical Data

The historical data trend for Dundee Precious Metals'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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Dundee Precious Metals Inventory Turnover Chart

Dundee Precious Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.48

8.52

8.09

5.64

6.85

Dundee Precious Metals 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															1.38	2.58	2.03	1.78	0.53

Dundee Precious Metals Inventory Turnover Calculation

Dundee Precious Metals'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 )
=	390.09	/ (	(62.237	+	51.64)	/	2 )
=	390.09	/	56.9385
=	6.85

Dundee Precious Metals'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 )
=	91.179	/ (	(49.575	+	293.551)	/	2 )
=	91.179	/	171.563
=	0.53

Dundee Precious Metals (TSX:DPM) 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.

Dundee Precious Metals'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
	=	171.563	/	91.179	*	365 / 4
	=	171.70

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.

Dundee Precious Metals'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 )
	=	171.563	/	199.481
	=	0.86

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.

Dundee Precious Metals Inventory Turnover Related Terms

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Dundee Precious Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dundee Precious Metals Inc (TSX:DPM) » Definitions » Inventory Turnover

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DPMLF:USA DPU:Germany DPU:Germany

Address

150 King Street West, Suite 902, P.O. Box 30, Toronto, ON, CAN, M5H 1J9

Website

https://www.dundeeprecious.com

Dundee Precious Metals Inc is an international mining company engaged in the acquisition, exploration, development, mining, and processing of precious metals. The company's projects include Chelopech and Ada Tepe in Bulgaria.

Executives

Kelly Elizabeth Stark-anderson	Senior Officer
Xuefeng Chen	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Dundee Precious Metals Inc.	Issuer
David Rae	Senior Officer
Nikolay Hristov	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Juanita Montalvo	Director
Marie-anne Tawil	Director
Zebra Karirondua Kasete	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Robert Peter Charles Gillin	Director
Iliya Garkov	Senior Officer
Navin Dyal	Senior Officer
Anthony P. Walsh	Director
Michael Ryan Dorfman	Senior Officer
Jaimie Donovan	Director
Jonathan Carter Goodman	Director