Northam Platinum Holdings (JSE:NPH) Inventory Turnover : 1.76 (As of Dec. 2023)

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What is Northam Platinum Holdings 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. Northam Platinum Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was R12,577 Mil. Northam Platinum Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was R7,129 Mil. Northam Platinum Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Northam Platinum Holdings's Days Inventory for the six months ended in Dec. 2023 was 103.44.

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. Northam Platinum Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.48.

Northam Platinum Holdings Inventory Turnover Historical Data

The historical data trend for Northam Platinum Holdings'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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Northam Platinum Holdings Inventory Turnover Chart

Northam Platinum Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

3.34

3.72

4.13

Northam Platinum Holdings Semi-Annual Data
	Jun18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial					1.32	1.83	1.93	2.04	1.76

Northam Platinum Holdings Inventory Turnover Calculation

Northam Platinum Holdings's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	24101.373	/ (	(5160.27	+	6510.342)	/	2 )
=	24101.373	/	5835.306
=	4.13

Northam Platinum Holdings'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 )
=	12577.377	/ (	(6510.342	+	7747.079)	/	2 )
=	12577.377	/	7128.7105
=	1.76

Northam Platinum Holdings (JSE:NPH) 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.

Northam Platinum Holdings'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
	=	7128.7105	/	12577.377	*	365 / 2
	=	103.44

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.

Northam Platinum Holdings'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 )
	=	7128.7105	/	14994.577
	=	0.48

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.

Northam Platinum Holdings Inventory Turnover Related Terms

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Northam Platinum Holdings (JSE:NPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northam Platinum Holdings Ltd (JSE:NPH) » Definitions » Inventory Turnover

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Traded in Other Exchanges

NPTLF:USA 7JR:Germany

Address

Magwa Crescent West, Building 4, 1st Floor, Maxwell Office Park, Jukskei View, Waterfall City, GT, ZAF, 2090

Website

https://www.northam.co.za

Northam Platinum Holdings Ltd is an integrated producer of platinum group metals. Its primary products are the three PGMs, platinum, palladium, and rhodium. The primary consumers of these metals are the motor manufacturing industry, the jewelry industry, and other industrial sectors. Its segments include Northam Holdings, Zondereinde mine, Booysendal mine, Eland mine, and the US recycling operations.

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