Amerigo Resources (TSX:ARG) Change In Inventory : C$2.6 Mil (TTM As of Dec. 2023)

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What is Amerigo Resources Change In Inventory?

Amerigo Resources's change in inventory for the quarter that ended in Dec. 2023 was C$-1.1 Mil. It means Amerigo Resources's inventory increased by C$1.1 Mil from Sep. 2023 to Dec. 2023 .

Amerigo Resources's change in inventory for the fiscal year that ended in Dec. 2023 was C$2.6 Mil. It means Amerigo Resources's inventory declined by C$2.6 Mil from Dec. 2022 to Dec. 2023 .

Amerigo Resources's Total Inventories for the quarter that ended in Dec. 2023 was C$9.6 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Amerigo Resources's Days Inventory for the quarter that ended in Dec. 2023 was 10.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Amerigo Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.63.

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. Amerigo Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.11.

Amerigo Resources Change In Inventory Historical Data

The historical data trend for Amerigo Resources'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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Amerigo Resources Change In Inventory Chart

Amerigo Resources Annual Data

Trend

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Dec21

Dec22

Dec23

Change In Inventory

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-2.41

0.75

-1.24

-4.26

2.63

Amerigo Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-2.71	0.25	1.73	1.71	-1.07

Amerigo Resources 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$2.6 Mil.

Amerigo Resources (TSX:ARG) Change In Inventory Explanation

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

Amerigo Resources's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	9.178	/	79.239	*	365 / 4
	=	10.57

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

Amerigo Resources's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	79.239	/	9.178
	=	8.63

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.

Amerigo Resources's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9.178	/	87.297
	=	0.11

Amerigo Resources Change In Inventory Related Terms

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Amerigo Resources (TSX:ARG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amerigo Resources Ltd (TSX:ARG) » Definitions » Change In Inventory

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ARREF:USA RE8:Germany

Address

1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.amerigoresources.com

Amerigo Resources Ltd is principally engaged in the production of copper and molybdenum concentrates through its operating subsidiary Minera Valle Central S.A. The group operates in one segment, the production of copper concentrates with the production of molybdenum concentrates as a by-product. The company geographically operates in Chile and Canada and earns most of its revenue from Chile.

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