IMPACT Silver (IMPACT Silver) Inventory Turnover : 4.12 (As of Mar. 2024)

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What is IMPACT Silver 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. IMPACT Silver's Cost of Goods Sold for the three months ended in Mar. 2024 was $5.65 Mil. IMPACT Silver's Average Total Inventories for the quarter that ended in Mar. 2024 was $1.37 Mil. IMPACT Silver's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IMPACT Silver's Days Inventory for the three months ended in Mar. 2024 was 22.16.

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. IMPACT Silver's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.35.

IMPACT Silver Inventory Turnover Historical Data

The historical data trend for IMPACT Silver'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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IMPACT Silver Inventory Turnover Chart

IMPACT Silver Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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21.90

14.19

12.49

14.50

14.46

IMPACT Silver Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															4.34	3.53	2.83	4.00	4.12

IMPACT Silver Inventory Turnover Calculation

IMPACT Silver'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 )
=	17.266	/ (	(0.838	+	1.55)	/	2 )
=	17.266	/	1.194
=	14.46

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	5.646	/ (	(1.55	+	1.192)	/	2 )
=	5.646	/	1.371
=	4.12

IMPACT Silver (OTCPK:ISVLF) 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.

IMPACT Silver'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
	=	1.371	/	5.646	*	365 / 4
	=	22.16

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1.371	/	3.95
	=	0.35

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.

IMPACT Silver Inventory Turnover Related Terms

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IMPACT Silver (IMPACT Silver) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » IMPACT Silver Corp (OTCPK:ISVLF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

IKL:Germany IPT:Canada

Address

303 - 543 Granville Street, Vancouver, BC, CAN, V6C 1X8

Website

https://www.impactsilver.com

IMPACT Silver Corp and its subsidiaries are engaged in silver mining and related activities including exploration, development, and mineral processing in Mexico. The company operates a series of mines near Zacualpan in the state of Mexico and in Guerrero state and produces silver, lead, zinc, and gold sold in the form of lead and zinc concentrates. It has one operating segment and two reportable segments based on the geographic area which is Mexico, Canada, and the majority of the revenue come from Mexico.