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Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Change In Inventory : $-22 Mil (TTM As of Dec. 2023)


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What is Sociedad Minera Cerro VerdeA Change In Inventory?

Sociedad Minera Cerro VerdeA's change in inventory for the quarter that ended in Dec. 2023 was $-22 Mil. It means Sociedad Minera Cerro VerdeA's inventory increased by $22 Mil from Dec. 2022 to Dec. 2023 .

Sociedad Minera Cerro VerdeA's change in inventory for the fiscal year that ended in Dec. 2023 was $-22 Mil. It means Sociedad Minera Cerro VerdeA's inventory increased by $22 Mil from Dec. 2022 to Dec. 2023 .

Sociedad Minera Cerro VerdeA's Total Inventories for the quarter that ended in Dec. 2023 was $644 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sociedad Minera Cerro VerdeA's Days Inventory for the quarter that ended in Dec. 2023 was 46.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sociedad Minera Cerro VerdeA's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.95.

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. Sociedad Minera Cerro VerdeA's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.16.

Sociedad Minera Cerro VerdeA Change In Inventory Historical Data

The historical data trend for Sociedad Minera Cerro VerdeA's Change In Inventory 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.

Sociedad Minera Cerro VerdeA Change In Inventory Chart

Sociedad Minera Cerro VerdeA Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -63.87 -60.55 -23.17 -58.11 -22.31

Sociedad Minera Cerro VerdeA Semi-Annual Data
Dec05 Dec06 Dec07 Dec08 Dec09 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only -63.87 -60.55 -23.17 -58.11 -22.31

Sociedad Minera Cerro VerdeA Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 was $-22 Mil.

* 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.

Sociedad Minera Cerro VerdeA  (LIM:CVERDEC1) Change In Inventory Explanation

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

Sociedad Minera Cerro VerdeA's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=646.859/2556.052*365 / 2
=46.19

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

Sociedad Minera Cerro VerdeA's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=2556.052 / 646.859
=3.95

3. 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.

Sociedad Minera Cerro VerdeA's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=646.859 / 4143.228
=0.16

* 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.

Sociedad Minera Cerro VerdeA Change In Inventory Related Terms

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Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Minera Cerro Verde SAA (LIM:CVERDEC1) » Definitions » Change In Inventory
Comparable Companies
LIM:ALICORC1 LIM:CPACASC1 LIM:ENGIEC1 LIM:BUENAVC1 LIM:CORAREC1 LIM:IFS LIM:NEXAPEC1 LIM:FIBPRIME SCCO FCX LSE:ANTO TSX:FM SHSE:600362 SZSE:000630 WAR:KGH TSX:LUN SZSE:002203 HKSE:01208 TSX:CS HKSE:01258
Traded in Other Exchanges
N/A
Address
Avenue Alfonso Ugarte 304, Arequipa, PER
Website
https://www.cerroverde.pe
Sociedad Minera Cerro Verde SAA is involved in the exploration, extraction, production and sale of copper from deposits located in the southwest of the Arequipa city.

Sociedad Minera Cerro VerdeA (LIM:CVERDEC1) Headlines

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