Iamgold (Iamgold) Inventory-to-Revenue : 0.87 (As of Dec. 2023)

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What is Iamgold Inventory-to-Revenue?

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. Iamgold's Average Total Inventories for the quarter that ended in Dec. 2023 was $259.4 Mil. Iamgold's Revenue for the three months ended in Dec. 2023 was $297.6 Mil. Iamgold's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.87.

Iamgold's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Sep. 2023 (1.12) to Sep. 2023 (0.87)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Iamgold's Days Inventory for the three months ended in Dec. 2023 was 95.52.

Inventory Turnover measures how fast the company turns over its inventory within a year. Iamgold's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.96.

Iamgold Inventory-to-Revenue Historical Data

The historical data trend for Iamgold's Inventory-to-Revenue 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.

* Premium members only.

Iamgold Inventory-to-Revenue Chart

Iamgold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.27

0.26

0.36

0.26

0.24

Iamgold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															1.33	0.96	1.01	1.12	0.87

Competitive Comparison of Iamgold's Inventory-to-Revenue

For the Gold subindustry, Iamgold's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Iamgold's Inventory-to-Revenue Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Iamgold's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Iamgold's Inventory-to-Revenue falls into.

Iamgold Inventory-to-Revenue Calculation

Iamgold's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (199.9	+	266.3)	/	2 )	/	987.1
=	233.1					/	987.1
=	0.24

Iamgold's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (252.5	+	266.3)	/	2 )	/	297.6
=	259.4					/	297.6
=	0.87

Iamgold (NYSE:IAG) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Iamgold'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
	=	259.4	/	247.8	*	365 / 4
	=	95.52

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	247.8	/	259.4
	=	0.96

Iamgold Inventory-to-Revenue Related Terms

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Iamgold (Iamgold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iamgold Corp (NYSE:IAG) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

IAL:Germany IAL:Germany IMG:Canada

Address

401 Bay Street, Suite 3200, P.O. Box 153, Toronto, ON, CAN, M5H 2Y4

Website

https://www.iamgold.com

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company's operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.