i-80 Gold (TSX:IAU) Inventory Turnover : 1.49 (As of Dec. 2024)

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

What is i-80 Gold 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. i-80 Gold's Cost of Goods Sold for the three months ended in Dec. 2024 was C$32.35 Mil. i-80 Gold's Average Total Inventories for the quarter that ended in Dec. 2024 was C$21.69 Mil. i-80 Gold's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. i-80 Gold's Days Inventory for the three months ended in Dec. 2024 was 61.16.

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. i-80 Gold's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.66.

i-80 Gold Inventory Turnover Historical Data

The historical data trend for i-80 Gold'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.

i-80 Gold Inventory Turnover Chart

i-80 Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

1.63

4.27

5.07

i-80 Gold Quarterly Data
	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												1.53	0.57	1.22	1.08	1.49

i-80 Gold Inventory Turnover Calculation

i-80 Gold'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 )
=	94.113	/ (	(15.277	+	21.842)	/	2 )
=	94.113	/	18.5595
=	5.07

i-80 Gold'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 )
=	32.354	/ (	(21.531	+	21.842)	/	2 )
=	32.354	/	21.6865
=	1.49

i-80 Gold (TSX:IAU) 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.

i-80 Gold'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
	=	21.6865	/	32.354	*	365 / 4
	=	61.16

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.

i-80 Gold'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 )
	=	21.6865	/	33.093
	=	0.66

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.

i-80 Gold Inventory Turnover Related Terms

Thank you for viewing the detailed overview of i-80 Gold's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

i-80 Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » i-80 Gold Corp (TSX:IAU) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

IAUX:USA 8JI:Germany

Address

5190 Neil Road, Suite 460, Reno, NV, USA, 89502

Website

https://www.i80gold.com

i-80 Gold Corp is a well-financed gold and silver producer engaged in the exploration, development, and production of gold, silver, and poly-metallic deposits. The Company's principal assets include the Ruby Hill Mine, Lone Tree Mine, Granite Creek Mine, and McCoy-Cove Project.

Executives

David Roger Savarie	Senior Officer
Ronald Clayton	Director
Richard Scott Young	Director, Senior Officer
John Seaman	Director
Matthew Gollat	Senior Officer
John A. Begeman	Director
Ewan Stewart Downie	Director, Senior Officer
Brenton Andrew Kristof	Senior Officer
Orion Mine Finance Management Ii Limited	10% Security Holder