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First Andes Silver (TSXV:FAS) Inventory Turnover : 0.00 (As of Nov. 2023)


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What is First Andes Silver 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. First Andes Silver's Cost of Goods Sold for the three months ended in Nov. 2023 was C$0.00 Mil. First Andes Silver's Average Total Inventories for the quarter that ended in Nov. 2023 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. First Andes Silver's Days Inventory for the three months ended in Nov. 2023 was 0.00.

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.

First Andes Silver Inventory Turnover Historical Data

The historical data trend for First Andes Silver'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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First Andes Silver Inventory Turnover Chart

First Andes Silver Annual Data
Trend Feb22 Feb23
Inventory Turnover
- -

First Andes Silver Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

First Andes Silver Inventory Turnover Calculation

First Andes Silver's Inventory Turnover for the fiscal year that ended in Feb. 2023 is calculated as

Inventory Turnover (A: Feb. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Feb. 2023 ) / ((Total Inventories (A: Feb. 2022 ) + Total Inventories (A: Feb. 2023 )) / count )
=0.005 / ((0 + 0) / 1 )
=0.005 / 0
=N/A

First Andes Silver's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

Inventory Turnover (Q: Nov. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Nov. 2023 ) / ((Total Inventories (Q: Aug. 2023 ) + Total Inventories (Q: Nov. 2023 )) / count )
=0.001 / ((0 + 0) / 1 )
=0.001 / 0
=N/A

* 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.

First Andes Silver  (TSXV:FAS) 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.

First Andes Silver's Days Inventory for the three months ended in Nov. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Nov. 2023 )/Cost of Goods Sold (Q: Nov. 2023 )*Days in Period
=0/0.001*365 / 4
=0.00

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.

First Andes Silver's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Nov. 2023 ) / Revenue (Q: Nov. 2023 )
=0 / 0
=

* 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.

First Andes Silver Inventory Turnover Related Terms

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First Andes Silver (TSXV:FAS) Business Description

Industry
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MSLVD:USA 9TZ:Germany
Address
1100 - 1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5
Website
https://www.mantaropreciousmetals.com
Mantaro Precious Metals Corp holds a diversified portfolio of gold and silver-focused mineral properties in Bolivia and Peru. The company holds an option to acquire up to an 80% interest in the advanced Golden Hill Property (Golden Hill), located in the underexplored, orogenic Bolivia Shield, Bolivia. It also holds 100% interest in high-grade Santas Gloria Silver Property as well as a 100% interest in the San Jose, La Purisima, Cerro Luque and Huaranay Properties (Silver Properties) located in Peru.