Ivanhoe Mines (TSX:IVN) Inventory Turnover : 3.77 (As of Mar. 2024)

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What is Ivanhoe Mines 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. Ivanhoe Mines's Cost of Goods Sold for the three months ended in Mar. 2024 was C$12.05 Mil. Ivanhoe Mines's Average Total Inventories for the quarter that ended in Mar. 2024 was C$3.19 Mil. Ivanhoe Mines's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ivanhoe Mines's Days Inventory for the three months ended in Mar. 2024 was 24.18.

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.

Ivanhoe Mines Inventory Turnover Historical Data

The historical data trend for Ivanhoe Mines'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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Ivanhoe Mines Inventory Turnover Chart

Ivanhoe Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.74

42.45

51.83

34.81

17.81

Ivanhoe Mines Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															3.48	4.83	7.44	7.25	3.77

Ivanhoe Mines Inventory Turnover Calculation

Ivanhoe Mines'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 )
=	30.397	/ (	(1.373	+	2.041)	/	2 )
=	30.397	/	1.707
=	17.81

Ivanhoe Mines's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	12.048	/ (	(2.041	+	4.345)	/	2 )
=	12.048	/	3.193
=	3.77

Ivanhoe Mines (TSX:IVN) 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.

Ivanhoe Mines's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	3.193	/	12.048	*	365 / 4
	=	24.18

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.

Ivanhoe Mines's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	3.193	/	0
	=

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.

Ivanhoe Mines Inventory Turnover Related Terms

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Ivanhoe Mines (TSX:IVN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ivanhoe Mines Ltd (TSX:IVN) » Definitions » Inventory Turnover

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IVPAF:USA IYAA:Germany

Address

999 Canada Place, Suite 606, Vancouver, BC, CAN, V6C 3E1

Website

https://www.ivanhoemines.com

Ivanhoe Mines Ltd is a diversified mining company focused on advancing its three principal projects in Southern Africa; the expansion of the Kamoa-Kakula Copper Complex in the DRC, the construction of the tier-one Platreef palladium-rhodium-platinum-nickel-copper-gold project in South Africa; and the restart of the historic ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC. It is also exploring for new copper discoveries across its circa 2,400km2 of 90-100% owned exploration licences in the Western Foreland, located adjacent to the Kamoa-Kakula Copper Complex.

Executives

Stephen Ralph Amos

Senior Officer

Ivanhoe Mines (TSX:IVN) Headlines

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