Inmet Mining (FRA:MMC) Inventory Turnover : 1.32 (As of Dec. 2012)

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What is Inmet 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. Inmet Mining's Cost of Goods Sold for the three months ended in Dec. 2012 was €89.5 Mil. Inmet Mining's Average Total Inventories for the quarter that ended in Dec. 2012 was €67.7 Mil. Inmet Mining's Inventory Turnover for the quarter that ended in Dec. 2012 was 1.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Inmet Mining's Days Inventory for the three months ended in Dec. 2012 was 69.04.

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. Inmet Mining's Inventory-to-Revenue for the quarter that ended in Dec. 2012 was 0.34.

Inmet Mining Inventory Turnover Historical Data

The historical data trend for Inmet 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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Inmet Mining Inventory Turnover Chart

Inmet Mining Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Inventory Turnover

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7.81

6.39

6.85

6.44

5.09

Inmet Mining Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Inventory Turnover	Get a 7-Day Free Trial															1.85	1.30	1.32	1.36	1.32

Inmet Mining Inventory Turnover Calculation

Inmet Mining's Inventory Turnover for the fiscal year that ended in Dec. 2012 is calculated as

	Inventory Turnover (A: Dec. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2012 )	/ (	(Total Inventories (A: Dec. 2011 )	+	Total Inventories (A: Dec. 2012 ))	/	count )
=	350.994	/ (	(67.39	+	70.408)	/	2 )
=	350.994	/	68.899
=	5.09

Inmet Mining's Inventory Turnover for the quarter that ended in Dec. 2012 is calculated as

	Inventory Turnover (Q: Dec. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2012 )	/ (	(Total Inventories (Q: Sep. 2012 )	+	Total Inventories (Q: Dec. 2012 ))	/	count )
=	89.48	/ (	(64.989	+	70.408)	/	2 )
=	89.48	/	67.6985
=	1.32

Inmet Mining (FRA:MMC) 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.

Inmet Mining's Days Inventory for the three months ended in Dec. 2012 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2012 )	/	Cost of Goods Sold (Q: Dec. 2012 )	*	Days in Period
	=	67.6985	/	89.48	*	365 / 4
	=	69.04

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.

Inmet Mining's Inventory to Revenue for the quarter that ended in Dec. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2012 )	/	Revenue (Q: Dec. 2012 )
	=	67.6985	/	198.019
	=	0.34

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.

Inmet Mining Inventory Turnover Related Terms

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Inmet Mining (FRA:MMC) Business Description

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Inmet Mining Corporation is a Canadian-based global mining company that produces base metals with a focus on copper. It operates and develops underground and open pit mines safely, responsibly and cost effectively. The Company has three operating properties and one development property around the world. Ã‡ayeli is an underground mine on the Black Sea coast of northeastern Turkey. It produces copper and zinc concentrates, which are sold to international and domestic smelters and traders. Las Cruces is an open pit mine in southern Spain. Las Cruces uses leaching and electrowinning technology to produce copper cathode which are sold to buyers in the Spanish and Mediterranean markets. PyhÃ¤salmi is an underground copper and zinc mine in central Finland. It produces copper, zinc and pyrite concentrates. Copper and zinc concentrates are sold under long-term contracts to smelters in Finland. Pyrite is sold under contract to customers in Europe and Asia as well as in the spot market. Cobre Panama is an open pit copper development project in Panama.