Pan American Silver (TSX:PAAS) Inventory Turnover: 0.88 (As of Mar. 2026)

What is Pan American Silver Inventory Turnover?

Pan American Silver TSX:PAAS +3.29% 81 Inventory Turnover is 0.88 as of Mar. 2026. GuruFocus rates TSX:PAAS with a GF Score™ of 81/100 and a GF Value™ of C$46.41 (Significantly Overvalued). The stock has 3 warning signs investors should review.

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. Pan American Silver's Cost of Goods Sold for the three months ended in Mar. 2026 was C$749 Mil. Pan American Silver's Average Total Inventories for the quarter that ended in Mar. 2026 was C$851 Mil. Pan American Silver's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pan American Silver's Days Inventory for the three months ended in Mar. 2026 was 103.72.

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. Pan American Silver's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.54.

Pan American Silver (TSX:PAAS) 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.

Pan American Silver's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	851.473	/	749.112	*	365 / 4
	=	103.72

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.

Pan American Silver's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	851.473	/	1583.288
	=	0.54

* 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.

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.

Pan American Silver Inventory Turnover Related Terms

Pan American Silver Inventory Turnover Historical Data

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The historical data trend for Pan American Silver's Inventory Turnover can be seen below:

Pan American Silver Inventory Turnover Chart

Pan American Silver Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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2.79

3.07

3.40

3.56

3.65

Pan American Silver Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															0.87	0.88	0.92	1.04	0.88

81GF Score

Pan American Silver Corp TSX:PAAS

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Pan American Silver Inventory Turnover Calculation

Pan American Silver's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	3054.213	/ (	(863.368	+	811.146)	/	2 )
=	3054.213	/	837.257
=	3.65

Pan American Silver's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	749.112	/ (	(811.146	+	891.8)	/	2 )
=	749.112	/	851.473
=	0.88

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.88 mean?

Pan American Silver (TSX:PAAS) has a Inventory Turnover of 0.88 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Pan American Silver and its competitors.

Is Pan American Silver's Inventory Turnover too high?

Pan American Silver's current Inventory Turnover is 0.88. Overall, Pan American Silver has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Pan American Silver's Inventory Turnover compare to NEM and AU?

Pan American Silver's Inventory Turnover of 0.88 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Metals & Mining company?

A good Inventory Turnover depends on the Metals & Mining industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Pan American Silver and its competitors. Pan American Silver's current Inventory Turnover is 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Pan American Silver stock overvalued right now?

Based on GuruFocus' analysis, Pan American Silver (TSX:PAAS) is currently considered Significantly Overvalued. The stock's GF Value™ is C$46.41, compared to a current price of C$65.67 — trading 41.5% above its estimated fair value. The current Inventory Turnover is 0.88. Pan American Silver's overall GF Score™ is 81/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Pan American Silver (TSX:PAAS), the current Inventory Turnover is 0.88 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Pan American Silver (TSX:PAAS) Overvalued in 2026?

Based on GuruFocus' analysis, Pan American Silver stock appears to be overvalued. The current stock price of C$65.67 is trading 41.5% above its estimated GF Value™ of C$46.41. GuruFocus considers Pan American Silver to be Significantly Overvalued.

Key valuation signals for TSX:PAAS:

Inventory Turnover: 0.88
GF Value™: C$46.41 vs. price of C$65.67 (41.5% above fair value)
GF Score™: 81/100 with 3 warning signs

No single metric tells the full story. See the TSX:PAAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Pan American Silver Business Description

Industry Basic Materials Metals & Mining

Comparable Companies TSX:LUG TSX:AGI TSX:K TSX:IMG TSX:ELD TSX:EQX TSX:DPM TSX:GMIN TSX:SSRM TSX:OR NEM SHSE:601899 TSX:AEM TSX:ABX TSX:WPM TSX:FNV AU HKSE:02259 JSE:GFI MIC:PLZL

Other Exchanges PAAS:USA PAASN:Mexico 0R07:UK PA2:Germany PAAS:Argentina

Address 733 Seymour Street, Suite 2100, Vancouver Centre II, Vancouver, BC, CAN, V6B0S6

Website https://www.panamericansilver.com

Pan American Silver Corp is a mining company principally engaged in the operation and development of, and exploration for, silver and gold-producing properties and assets. The company's principal products are silver and gold, although it also produces and sells zinc, lead, and copper. Its operating mines comprise La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, and San Vicente mines.

81GF Score

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C$65.67

Price

C$46.41

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