GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minera IRL Ltd (XCNQ:MIRL) » Definitions » Inventory-to-Revenue

Minera IRL (XCNQ:MIRL) Inventory-to-Revenue : 0.27 (As of Mar. 2024)


View and export this data going back to 2010. Start your Free Trial

What is Minera IRL Inventory-to-Revenue?

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. Minera IRL's Average Total Inventories for the quarter that ended in Mar. 2024 was C$4.08 Mil. Minera IRL's Revenue for the three months ended in Mar. 2024 was C$15.33 Mil. Minera IRL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.27.

Minera IRL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 declined from Sep. 2023 (0.37) to Sep. 2023 (0.27)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Minera IRL's Days Inventory for the three months ended in Mar. 2024 was 30.66.

Inventory Turnover measures how fast the company turns over its inventory within a year. Minera IRL's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.98.


Minera IRL Inventory-to-Revenue Historical Data

The historical data trend for Minera IRL's Inventory-to-Revenue 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.

Minera IRL Inventory-to-Revenue Chart

Minera IRL Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.07 0.07 0.08 0.11

Minera IRL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.44 0.50 0.48 0.37 0.27

Competitive Comparison of Minera IRL's Inventory-to-Revenue

For the Gold subindustry, Minera IRL's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Minera IRL's Inventory-to-Revenue Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Minera IRL's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Minera IRL's Inventory-to-Revenue falls into.



Minera IRL Inventory-to-Revenue Calculation

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.

Minera IRL's Inventory-to-Revenue for the fiscal year that ended in Dec. 2022 is calculated as

Inventory-to-Revenue (A: Dec. 2022 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Revenue (A: Dec. 2022 )
=( (5.33 + 5.306) / 2 ) / 50.255
=5.318 / 50.255
=0.11

Minera IRL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (3.835 + 4.322) / 2 ) / 15.332
=4.0785 / 15.332
=0.27

* 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.


Minera IRL  (XCNQ:MIRL) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Minera IRL'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
=4.0785/12.14*365 / 4
=30.66

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

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

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=12.14 / 4.0785
=2.98

* 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.


Minera IRL Inventory-to-Revenue Related Terms

Thank you for viewing the detailed overview of Minera IRL's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.


Minera IRL (XCNQ:MIRL) Business Description

Traded in Other Exchanges
Address
15 Esplanade, Hawksford House, Saint Helier, JEY, JE1 1RB
Minera IRL Ltd is engaged in the development and operation of gold mines in Peru. It is engaged in the exploration, development and operation of mines for the extraction of metals. It operates the Corihuarmi Gold Mine and owns the Ollachea Project through its subsidiaries. The Ollachea Project has a completed feasibility study and environmental and construction permits.
Executives
Diego Benavides Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Gerardo Perez Delgado Director

Minera IRL (XCNQ:MIRL) Headlines

No Headlines