Persistence Resources Group (HKSE:02489) Inventory Turnover : 5.79 (As of Dec. 2023)

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What is Persistence Resources Group 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. Persistence Resources Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$104.9 Mil. Persistence Resources Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$18.1 Mil. Persistence Resources Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Persistence Resources Group's Days Inventory for the six months ended in Dec. 2023 was 31.51.

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. Persistence Resources Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

Persistence Resources Group Inventory Turnover Historical Data

The historical data trend for Persistence Resources Group'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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Persistence Resources Group Inventory Turnover Chart

Persistence Resources Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

5.73

4.50

9.90

9.80

Persistence Resources Group Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			-	4.84	5.35	6.87	5.79

Persistence Resources Group Inventory Turnover Calculation

Persistence Resources Group'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 )
=	218.986	/ (	(20.829	+	23.867)	/	2 )
=	218.986	/	22.348
=	9.80

Persistence Resources Group'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 )
=	104.929	/ (	(12.371	+	23.867)	/	2 )
=	104.929	/	18.119
=	5.79

Persistence Resources Group (HKSE:02489) 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.

Persistence Resources Group'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
	=	18.119	/	104.929	*	365 / 2
	=	31.51

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.

Persistence Resources Group'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 )
	=	18.119	/	204.322
	=	0.09

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.

Persistence Resources Group Inventory Turnover Related Terms

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Persistence Resources Group (HKSE:02489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Persistence Resources Group Ltd (HKSE:02489) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Des Voeux Road Centra, Level 20, Infinitus Plaza, Hong Kong, HKG

Website

http://www.persistenceresource.com

Persistence Resources Group Ltd is a gold exploration, mining and processing company. It operates the Songjiagou Open-Pit Mine and Songjiagou Underground Mine in Yantai city of Shandong Province of China. The group has one reportable operating segment which is mining and processing gold that is ultimately sold as gold bullion.

Executives

Majestic Gold Corp.	2101 Beneficial owner
Dong Fang Jin Ye Xiang Gang You Xian Gong Si

Persistence Resources Group (HKSE:02489) Headlines

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