Merafe Resources (JSE:MRF) Change In Inventory : R454 Mil (TTM As of Dec. 2023)

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What is Merafe Resources Change In Inventory?

Merafe Resources's change in inventory for the quarter that ended in Dec. 2023 was R494 Mil. It means Merafe Resources's inventory declined by R494 Mil from Jun. 2023 to Dec. 2023 .

Merafe Resources's change in inventory for the fiscal year that ended in Dec. 2023 was R454 Mil. It means Merafe Resources's inventory declined by R454 Mil from Dec. 2022 to Dec. 2023 .

Merafe Resources's Total Inventories for the quarter that ended in Dec. 2023 was R1,916 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Merafe Resources's Days Inventory for the quarter that ended in Dec. 2023 was 2,959.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. Merafe Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.06.

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. Merafe Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.48.

Merafe Resources Change In Inventory Historical Data

The historical data trend for Merafe Resources's Change In Inventory 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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Merafe Resources Change In Inventory Chart

Merafe Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-95.34

532.72

-242.91

-721.65

454.02

Merafe Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-	-284.24	-437.41	-40.16	494.18

Merafe Resources Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was R454 Mil.

Merafe Resources (JSE:MRF) Change In Inventory Explanation

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

Merafe Resources's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2164.035	/	133.426	*	365 / 2
	=	2,959.97

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	133.426	/	2164.035
	=	0.06

3. 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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2164.035	/	4477.924
	=	0.48

Merafe Resources Change In Inventory Related Terms

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Merafe Resources (JSE:MRF) Business Description

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RZT:Germany

Address

35 Ballyclare Drive, Building B, 2nd floor, Ballyoaks Office Park, Bryanston, ZAF, 2191

Website

https://www.meraferesources.co.za

Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namely, Waterval mine; Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals.