Polymetal International (Polymetal International) Inventory Turnover : 0.67 (As of Dec. 2023)

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What is Polymetal International 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. Polymetal International's Cost of Goods Sold for the six months ended in Dec. 2023 was $758 Mil. Polymetal International's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,125 Mil. Polymetal International's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Polymetal International's Days Inventory for the six months ended in Dec. 2023 was 270.74.

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. Polymetal International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.66.

Polymetal International Inventory Turnover Historical Data

The historical data trend for Polymetal International'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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Polymetal International Inventory Turnover Chart

Polymetal International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.03

1.73

1.81

1.84

1.31

Polymetal International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.95	0.45	0.90	0.66	0.67

Polymetal International Inventory Turnover Calculation

Polymetal International'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 )
=	1459	/ (	(1057	+	1178)	/	2 )
=	1459	/	1117.5
=	1.31

Polymetal International's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	758	/ (	(1071	+	1178)	/	2 )
=	758	/	1124.5
=	0.67

Polymetal International (OTCPK:AUCOY) 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.

Polymetal International's Days Inventory for the six 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
	=	1124.5	/	758	*	365 / 2
	=	270.74

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.

Polymetal International's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1124.5	/	1710
	=	0.66

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.

Polymetal International Inventory Turnover Related Terms

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Polymetal International (Polymetal International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Polymetal International PLC (OTCPK:AUCOY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Parthenonos, 6, 3rd Floor, Limassol, CYP, 3031

Website

https://www.polymetalinternational.com

Polymetal International PLC is a precious metals mining group, operating in Russia and Kazakhstan. The group has five reportable segments: Magadan, Ural, Khabarovsk, Yakutia, and Kazakhstan. Each segment is engaged in gold, silver, or copper mining and related activities, including exploration, extraction, processing, and reclamation. The Magadan and Kazakhstan segments contribute the majority of revenue for Polymetal.

Polymetal International (Polymetal International) Headlines

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