Mandalay Resources (TSX:MND) Inventory Turnover : 1.49 (As of Dec. 2024)

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What is Mandalay Resources 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. Mandalay Resources's Cost of Goods Sold for the three months ended in Dec. 2024 was C$54.2 Mil. Mandalay Resources's Average Total Inventories for the quarter that ended in Dec. 2024 was C$36.3 Mil. Mandalay Resources'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. Mandalay Resources's Days Inventory for the three months ended in Dec. 2024 was 61.15.

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. Mandalay Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.38.

Mandalay Resources Inventory Turnover Historical Data

The historical data trend for Mandalay Resources'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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Mandalay Resources Inventory Turnover Chart

Mandalay Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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6.21

6.18

5.29

5.59

6.41

Mandalay Resources 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															1.59	1.68	1.50	1.29	1.49

Mandalay Resources Inventory Turnover Calculation

Mandalay Resources'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 )
=	208.946	/ (	(30.474	+	34.679)	/	2 )
=	208.946	/	32.5765
=	6.41

Mandalay Resources'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 )
=	54.194	/ (	(37.956	+	34.679)	/	2 )
=	54.194	/	36.3175
=	1.49

Mandalay Resources (TSX:MND) 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.

Mandalay Resources'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
	=	36.3175	/	54.194	*	365 / 4
	=	61.15

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.

Mandalay Resources'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 )
	=	36.3175	/	95.171
	=	0.38

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.

Mandalay Resources Inventory Turnover Related Terms

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Mandalay Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mandalay Resources Corp (TSX:MND) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

MNDJF:USA R7X2:Germany

Address

University Avenue, Suite 720-155, Toronto, ON, CAN, M5H 3B7

Website

https://www.mandalayresources.com

Mandalay Resources Corp is a is a gold and antimony producer engaged in mining and related activities, including acquisition, exploration, extraction, processing and reclamation. Its assets consist of the Costerfield gold and antimony mine in Australia, the Bjorkdal gold mine in Sweden, as well as other exploration and care and maintenance projects in Chile and Canada.

Executives

Frazer William Bourchier	Senior Officer
Christopher Thornton Myles Davis Davis	Senior Officer
Amy Leanne Freedman	Director
Bradford Mills	Director, Senior Officer
Abraham Jonker	Director
Dominic Francis Duffy	Director
Gmt Capital Corp	10% Security Holder
Belinda Elaine Labatte	Senior Officer

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