Agnico Eagle Mines (Agnico Eagle Mines) Inventory-to-Revenue : 0.80 (As of Dec. 2023)

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What is Agnico Eagle Mines 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. Agnico Eagle Mines's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,411 Mil. Agnico Eagle Mines's Revenue for the three months ended in Dec. 2023 was $1,757 Mil. Agnico Eagle Mines's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.80.

Agnico Eagle Mines's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Sep. 2023 (0.81) to Sep. 2023 (0.80)

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. Agnico Eagle Mines's Days Inventory for the three months ended in Dec. 2023 was 110.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. Agnico Eagle Mines's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.83.

Agnico Eagle Mines Inventory-to-Revenue Historical Data

The historical data trend for Agnico Eagle Mines'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.

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Agnico Eagle Mines Inventory-to-Revenue Chart

Agnico Eagle Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.22

0.19

0.20

0.18

0.20

Agnico Eagle Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.89	0.81	0.73	0.81	0.80

Competitive Comparison of Agnico Eagle Mines's Inventory-to-Revenue

For the Gold subindustry, Agnico Eagle Mines'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.

Agnico Eagle Mines's Inventory-to-Revenue Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Agnico Eagle Mines's Inventory-to-Revenue falls into.

Agnico Eagle Mines Inventory-to-Revenue Calculation

Agnico Eagle Mines's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (1209.075	+	1418.941)	/	2 )	/	6626.909
=	1314.008					/	6626.909
=	0.20

Agnico Eagle Mines's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (1403.677	+	1418.941)	/	2 )	/	1756.64
=	1411.309					/	1756.64
=	0.80

Agnico Eagle Mines (NYSE:AEM) 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:

More Related Terms:

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

Agnico Eagle Mines's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1411.309	/	1169.011	*	365 / 4
	=	110.16

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

Agnico Eagle Mines's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1169.011	/	1411.309
	=	0.83

Agnico Eagle Mines Inventory-to-Revenue Related Terms

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Agnico Eagle Mines (Agnico Eagle Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Agnico Eagle Mines Ltd (NYSE:AEM) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

AEM:Mexico AE9:Germany AE9:Germany AE9:Germany AEM:Canada AEM:Argentina

Address

145 King Street East, Suite 400, Toronto, ON, CAN, M5C 2Y7

Website

https://www.agnicoeagle.com

Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.1 million gold ounces in 2022 and had about 15 years of gold reserves at end 2022. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.