Santacruz Silver Mining (TSXV:SCZ) Inventory Turnover : 1.88 (As of Dec. 2023)

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What is Santacruz Silver Mining 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. Santacruz Silver Mining's Cost of Goods Sold for the three months ended in Dec. 2023 was C$75.2 Mil. Santacruz Silver Mining's Average Total Inventories for the quarter that ended in Dec. 2023 was C$40.0 Mil. Santacruz Silver Mining's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Santacruz Silver Mining's Days Inventory for the three months ended in Dec. 2023 was 48.47.

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. Santacruz Silver Mining's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.52.

Santacruz Silver Mining Inventory Turnover Historical Data

The historical data trend for Santacruz Silver Mining'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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Santacruz Silver Mining Inventory Turnover Chart

Santacruz Silver Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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32.50

24.67

33.23

16.69

6.90

Santacruz Silver Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.44	1.66	1.62	1.96	1.88

Santacruz Silver Mining Inventory Turnover Calculation

Santacruz Silver Mining'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 )
=	290.666	/ (	(40.011	+	44.275)	/	2 )
=	290.666	/	42.143
=	6.90

Santacruz Silver Mining's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	75.219	/ (	(35.634	+	44.275)	/	2 )
=	75.219	/	39.9545
=	1.88

Santacruz Silver Mining (TSXV:SCZ) 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.

Santacruz Silver Mining's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	39.9545	/	75.219	*	365 / 4
	=	48.47

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.

Santacruz Silver Mining's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	39.9545	/	77.298
	=	0.52

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.

Santacruz Silver Mining Inventory Turnover Related Terms

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Santacruz Silver Mining (TSXV:SCZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Santacruz Silver Mining Ltd (TSXV:SCZ) » Definitions » Inventory Turnover

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Traded in Other Exchanges

SZSMF:USA 1SZ:Germany

Address

1140 West Pender Street, Suite 480, Vancouver, BC, CAN

Website

https://www.santacruzsilver.com

Santacruz Silver Mining Ltd is engaged in the operation, acquisition, exploration, and development of mineral properties in Latin America, with a primary focus on silver and zinc, including lead and copper. The company has one producing project, the Zimapan Mine, and two exploration properties in its mineral property portfolio, the La Pechuga Property, and the Santa Gorgonia Prospect. The company earns the majority of its revenue from Zinc and Silver. The company's reportable operating segments are the Bolivar mine and processing plant, the Porco mine and processing plant, the Caballo Blanco Group, San Lucas, Zimapan, and Corporate and Other activities.

Executives

W. Barry Girling

Director