What is Ivanhoe Electric's inventory turnover?

Ivanhoe Electric (IE) reported inventory turnover of 0.4× in Q2 2024.

How has Ivanhoe Electric's inventory turnover changed year-over-year?

Ivanhoe Electric's inventory turnover decreased by 54.9% year-over-year, from 0.8× to 0.4×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

Ivanhoe Electric IE Inventory turnover

Inventory turnover at other companies

Freeport-McMoRan Inc.FCX

16.7×+2.6×

i-80 GoldIAUX

4.3×—

Hecla MiningHL

22.2×+5.3×

AlbemarleALB

3×+0.2×

Southern CopperSCCO

5.8×+0.7×

SSR MiningSSRM

1.9×+0.3×

Other financials

Income statement

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Revenue$858.0K+16.7%

Gross profit$505.0K+14.3%

Operating income$96.8M+458%

Net income$41.7M+237%

EPS (diluted)-$0.26-208%

Balance sheet

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Cash & equivalents$291.8M+190%

Total debt$35.4M+33.9%

Total equity$540.3M+76.0%

Total assets$594.3M+43.4%

Cash flow

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Operating cash flow-$42.3M-66.1%

CapEx$597.0K+29,750%

Free cash flow-$42.9M-68.4%

Valuation

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Market cap$1.49B+42.6%

Enterprise value$1.23B+27.1%

P/S441.5×+123×

Profitability

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Gross margin64.8%+1.7pp

Operating margin302.6%+156pp

Net margin-998.6%—

FCF margin-3,202.8%-640pp

Returns & leverage

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Return on equity-7.9%—

Debt / equity0.1×0.0×

Current ratio6.3×+3.2×

Where this comes from

Calculated from Ivanhoe Electric’s reported figures.

total cost of revenue/inventories=0.4×

Based on trailing twelve months.

The official record: Ivanhoe Electric’s 10-Q, filed August 5, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ivanhoe Electric's inventory turnover?: Ivanhoe Electric (IE) reported inventory turnover of 0.4× in Q2 2024.
How has Ivanhoe Electric's inventory turnover changed year-over-year?: Ivanhoe Electric's inventory turnover decreased by 54.9% year-over-year, from 0.8× to 0.4×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.