First Majestic Silver (XSWX:AG) Inventory Turnover: 2.44 (As of Mar. 2026)

What is First Majestic Silver Inventory Turnover?

First Majestic Silver XSWX:AG 59 Inventory Turnover is 2.44 as of Mar. 2026. GuruFocus rates XSWX:AG with a GF Score™ of 59/100 and a GF Value™ of CHF2.82. The stock has 2 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. First Majestic Silver's Cost of Goods Sold for the three months ended in Mar. 2026 was CHF168.8 Mil. First Majestic Silver's Average Total Inventories for the quarter that ended in Mar. 2026 was CHF69.2 Mil. First Majestic Silver's Inventory Turnover for the quarter that ended in Mar. 2026 was 2.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. First Majestic Silver's Days Inventory for the three months ended in Mar. 2026 was 37.42.

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 Majestic Silver's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.18.

First Majestic Silver (XSWX:AG) 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 Majestic 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
	=	69.195	/	168.751	*	365 / 4
	=	37.42

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 Majestic 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 )
	=	69.195	/	378.642
	=	0.18

* 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 Majestic Silver Inventory Turnover Related Terms

First Majestic Silver Inventory Turnover Historical Data

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The historical data trend for First Majestic Silver's Inventory Turnover can be seen below:

First Majestic Silver Inventory Turnover Chart

First Majestic Silver Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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10.56

9.79

8.25

7.59

10.54

First Majestic 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															2.49	2.48	2.07	2.54	2.44

59GF Score

First Majestic Silver Corp XSWX:AG

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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First Majestic Silver Inventory Turnover Calculation

First Majestic 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 )
=	649.563	/ (	(55.746	+	67.54)	/	2 )
=	649.563	/	61.643
=	10.54

First Majestic 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 )
=	168.751	/ (	(67.54	+	70.85)	/	2 )
=	168.751	/	69.195
=	2.44

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 2.44 mean?

First Majestic Silver (XSWX:AG) has a Inventory Turnover of 2.44 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on First Majestic Silver and its competitors.

Is First Majestic Silver's Inventory Turnover too high?

First Majestic Silver's current Inventory Turnover is 2.44. Overall, First Majestic Silver has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.

How does First Majestic Silver's Inventory Turnover compare to EXK?

First Majestic Silver's Inventory Turnover of 2.44 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 First Majestic Silver and its competitors. First Majestic Silver's current Inventory Turnover is 2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is First Majestic Silver stock overvalued right now?

First Majestic Silver (XSWX:AG) has a current Inventory Turnover of 2.44. The stock's GF Value™ is CHF2.82, compared to a current price of CHF14.34 — trading 408.7% above its estimated fair value. The current Inventory Turnover is 2.44. First Majestic Silver's overall GF Score™ is 59/100 with 2 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 First Majestic Silver (XSWX:AG), the current Inventory Turnover is 2.44 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 First Majestic Silver (XSWX:AG) Overvalued in 2026?

Based on GuruFocus' analysis, First Majestic Silver stock appears to be overvalued. The current stock price of CHF14.34 is trading 408.7% above its estimated GF Value™ of CHF2.82.

Key valuation signals for XSWX:AG:

Inventory Turnover: 2.44
GF Value™: CHF2.82 vs. price of CHF14.34 (408.7% above fair value)
GF Score™: 59/100 with 2 warning signs

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

First Majestic Silver Business Description

Industry Basic Materials Metals & Mining

Comparable Companies TSX:DSV TSX:AYA TSX:SVM TSX:HSLV TSX:NUAG TSX:APM TSXV:SVRS TSXV:GSVR TSX:BNKR TSX:AGMR EXK ASX:USL OHEL:SOSI1 TSXV:BIG TSXV:APGO TSXV:MGG TSXV:SVE TSXV:AGAG XCNQ:KUYA TSXV:EXN

Other Exchanges AG:USA AG1 N:Mexico 0QYC:UK FMV:Germany AG:Canada

Address 925 West Georgia Street, Suite 1800, Vancouver, BC, CAN, V6C 3L2

Website https://www.firstmajestic.com

First Majestic Silver Corp is in the business of production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. The company owns four producing mines in Mexico, consisting of the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, the Los Gatos Silver Mine, and the La Encantada Silver Mine. It also owns the Jerritt Canyon Gold Mine in Nevada, USA. Additionally, the firm holds interests in the San Martin Silver Mine and the Del Toro Silver Mine, and several exploration-stage projects. The majority of the company's revenues are from the sale of precious metals contained in dore and concentrate form. It generates maximum revenue from the sale of silver, followed by gold, zinc, copper, and other metals.

59GF Score

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CHF14.34

Price

CHF2.82

GF Value

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