Americas Gold And Silver (Americas Gold And Silver) Inventory Turnover : 2.71 (As of Dec. 2023)

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What is Americas Gold And 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. Americas Gold And Silver's Cost of Goods Sold for the three months ended in Dec. 2023 was $24.25 Mil. Americas Gold And Silver's Average Total Inventories for the quarter that ended in Dec. 2023 was $8.95 Mil. Americas Gold And Silver's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Americas Gold And Silver's Days Inventory for the three months ended in Dec. 2023 was 33.70.

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. Americas Gold And Silver's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.36.

Americas Gold And Silver Inventory Turnover Historical Data

The historical data trend for Americas Gold And 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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Americas Gold And Silver Inventory Turnover Chart

Americas Gold And Silver Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.16

5.15

11.13

9.92

10.97

Americas Gold And Silver 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															2.74	2.47	2.76	2.54	2.71

Americas Gold And Silver Inventory Turnover Calculation

Americas Gold And Silver'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 )
=	95.909	/ (	(8.835	+	8.657)	/	2 )
=	95.909	/	8.746
=	10.97

Americas Gold And Silver'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 )
=	24.247	/ (	(9.251	+	8.657)	/	2 )
=	24.247	/	8.954
=	2.71

Americas Gold And Silver (AMEX:USAS) 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.

Americas Gold And Silver'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
	=	8.954	/	24.247	*	365 / 4
	=	33.70

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.

Americas Gold And Silver'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 )
	=	8.954	/	24.99
	=	0.36

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.

Americas Gold And Silver Inventory Turnover Related Terms

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Americas Gold And Silver (Americas Gold And Silver) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Americas Gold And Silver Corp (AMEX:USAS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SZ71:Germany USA:Canada

Address

145 King Street West, Suite 2870, Toronto, ON, CAN, M5H 1J8

Website

https://www.americas-gold.com

Americas Gold And Silver Corp is a mining company is engaged in the acquisition, exploration, development, and production of precious metals mineral properties in Mexico and the United States. The company's primary operating assets are The Cosala operations, The Galena Complex, and Relief Canyon. The company also holds interests in the San Felipe Development Project located in Sonora, Mexico.

Executives

Barry C Honig

10 percent owner

215 SE SPANISH TRAIL, BOCA RATON FL 33432