SSR Mining (SSR Mining) Change In Inventory : $-53 Mil (TTM As of Mar. 2024)

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What is SSR Mining Change In Inventory?

SSR Mining's change in inventory for the quarter that ended in Mar. 2024 was $-48 Mil. It means SSR Mining's inventory increased by $48 Mil from Dec. 2023 to Mar. 2024 .

SSR Mining's change in inventory for the fiscal year that ended in Dec. 2023 was $-33 Mil. It means SSR Mining's inventory increased by $33 Mil from Dec. 2022 to Dec. 2023 .

SSR Mining's Total Inventories for the quarter that ended in Mar. 2024 was $465 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SSR Mining's Days Inventory for the quarter that ended in Mar. 2024 was 272.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. SSR Mining's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.34.

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. SSR Mining's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.13.

SSR Mining Change In Inventory Historical Data

The historical data trend for SSR Mining'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.

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SSR Mining Change In Inventory Chart

SSR Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-11.37

-21.66

-20.85

-108.18

-33.34

SSR Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-28.02	-28.35	14.44	8.60	-47.83

SSR Mining Change In Inventory Calculation

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

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-53 Mil.

SSR Mining (NAS:SSRM) Change In Inventory Explanation

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

SSR Mining's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	490.126	/	164.299	*	365 / 4
	=	272.21

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	164.299	/	490.126
	=	0.34

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	490.126	/	230.234
	=	2.13

SSR Mining Change In Inventory Related Terms

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SSR Mining (SSR Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SSR Mining Inc (NAS:SSRM) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

ZSV1:Germany ZSV:Germany ZSV:Germany SSRM:Canada SSR:Australia

Address

6900 E. Layton Avenue, Suite 1300, Denver, CO, USA, 80237

Website

https://www.ssrmining.com

SSR Mining Inc is a minerals company focused on mining precious metals in the Americas. More than half of Silver Standard's revenue is attributable to the production of gold, with a significant portion derived from silver production. The company owns and operates the Marigold mine in Nevada, United States; the Seabee Gold Operation in Saskatchewan, Canada; and the Puna mine in Argentina. The majority of gold production is derived from the Marigold mine, and Silver Standard's silver production is principally derived from the Puna mine.

Executives

Arthur Michael Anglin	director	20 EL CAMINO REAL, BERKELEY CA 94705
Alison Lynn White	officer: Chief Financial Officer	6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237
John Ebbett	other: EVP, Growth and Innovation	6900 E. LAYTON AVE. SUITE 1300, DENVER CO 80237
Farid Fady Adel Edward	officer: Chief Corp Development Officer	100 KING STREET WEST, STE 5600, TORONTO A6 M5X 1C9
Russell Farnsworth	officer: Chief Accounting Officer	6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237
Michael John Sparks	officer: Chief Legal & Admin Officer	6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237
Karen A Swager	director	C/O THE MOSAIC COMPANY, 101 EAST KENNEDY BLVD., SUITE 1200, TAMPA FL 33602
Rodney Antal	director, officer: President & CEO	6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237
William K. Macnevin	other: EVP, Ops & Sustainability	6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237
Steward John Beckman	officer: Chief Operating Officer	6900 E LAYTON AVE, SUITE 1300, DENVER CO 80237
Leigh Ann Fisher	director	3930 JACKSON BEND DRIVE, LOUISVILLE TN 37777
Bates Thomas R Jr	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Alan Krusi	director	AECOM, 555 SOUTH FLOWER ST. 37TH FLOOR, LOS ANGELES CA 90071
Edward C Dowling	director	19 NEDS POINT ROAD, MATTAPOISETT MA 02739
Brian R Booth	director	4957 EDENDALE COURT, WEST VANCOUVER A1 V7W 3H7