Excelsior Mining (TSX:MIN) Inventory Turnover : 1.14 (As of Mar. 2024)

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What is Excelsior Mining 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. Excelsior Mining's Cost of Goods Sold for the three months ended in Mar. 2024 was C$2.21 Mil. Excelsior Mining's Average Total Inventories for the quarter that ended in Mar. 2024 was C$1.95 Mil. Excelsior Mining's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Excelsior Mining's Days Inventory for the three months ended in Mar. 2024 was 80.38.

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. Excelsior Mining's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 4.24.

Excelsior Mining Inventory Turnover Historical Data

The historical data trend for Excelsior Mining'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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Excelsior Mining Inventory Turnover Chart

Excelsior Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.23

0.73

10.06

6.34

5.51

Excelsior Mining 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															1.65	1.61	1.40	1.44	1.14

Excelsior Mining Inventory Turnover Calculation

Excelsior Mining'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 )
=	11.464	/ (	(2.365	+	1.799)	/	2 )
=	11.464	/	2.082
=	5.51

Excelsior Mining'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 )
=	2.208	/ (	(1.799	+	2.091)	/	2 )
=	2.208	/	1.945
=	1.14

Excelsior Mining (TSX:MIN) 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.

Excelsior Mining'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
	=	1.945	/	2.208	*	365 / 4
	=	80.38

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.

Excelsior Mining'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 )
	=	1.945	/	0.459
	=	4.24

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.

Excelsior Mining Inventory Turnover Related Terms

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Excelsior Mining (TSX:MIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Excelsior Mining Corp (TSX:MIN) » Definitions » Inventory Turnover

Comparable Companies

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EXMGF:USA 3XS:Germany

Address

2999 North 44th Street, Suite 300, Concord Place, Phoenix, AZ, USA, 85018

Website

https://www.excelsiormining.com

Excelsior Mining Corp is a Canada-based company which is engaged in exploration and development of copper. The firm's primary project is Gunnison Project and it operates through segments acquisition, exploration, and evaluation of mineral properties in North America. The Company's revenue majorly consists of the sales of copper cathode. It operates in one reportable operating segment in North America. The Company's property, plant and equipment is all in the United States.

Executives

Sheila Margaret Paine

Senior Officer