Atalaya Mining (LSE:ATYM) Inventory Turnover : 2.11 (As of Dec. 2023)

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What is Atalaya 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. Atalaya Mining's Cost of Goods Sold for the three months ended in Dec. 2023 was £65.1 Mil. Atalaya Mining's Average Total Inventories for the quarter that ended in Dec. 2023 was £30.8 Mil. Atalaya Mining's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Atalaya Mining's Days Inventory for the three months ended in Dec. 2023 was 43.20.

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. Atalaya Mining's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.42.

Atalaya Mining Inventory Turnover Historical Data

The historical data trend for Atalaya 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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Atalaya Mining Inventory Turnover Chart

Atalaya Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.44

9.51

8.99

10.23

7.84

Atalaya Mining 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															2.08	1.96	1.79	1.86	2.11

Atalaya Mining Inventory Turnover Calculation

Atalaya Mining'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 )
=	245.038	/ (	(33.78	+	28.7)	/	2 )
=	245.038	/	31.24
=	7.84

Atalaya Mining'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 )
=	65.05	/ (	(32.891	+	28.7)	/	2 )
=	65.05	/	30.7955
=	2.11

Atalaya Mining (LSE:ATYM) 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.

Atalaya Mining'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
	=	30.7955	/	65.05	*	365 / 4
	=	43.20

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.

Atalaya Mining'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 )
	=	30.7955	/	73.737
	=	0.42

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.

Atalaya Mining Inventory Turnover Related Terms

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Atalaya Mining (LSE:ATYM) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atalaya Mining PLC (LSE:ATYM) » Definitions » Inventory Turnover

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ATLMF:USA E5S1:Germany

Address

1 Lampousa Street, Nicosia, CYP, 1095

Website

https://www.atalayamining.com

Atalaya Mining PLC is a European mining and development company. The strategy is to evaluate and prioritise metal production opportunities in several jurisdictions throughout the well-known belts of base and precious metal mineralisation in Spain, elsewhere in European and Latin America. The Group currently owns four mining projects, namely, Proyecto Riotinto, Proyecto Touro, Proyecto Masa Valverde and Proyecto Ossa Morena. In addition, the company has an earn-in agreement to acquire three investigation permits at Proyecto Riotinto Este. The Group's mining activities are located in Spain.

Atalaya Mining (LSE:ATYM) Headlines

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