Pan African Resources (Pan African Resources) Inventory Turnover : 11.35 (As of Dec. 2023)

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What is Pan African Resources 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. Pan African Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was $121.1 Mil. Pan African Resources's Average Total Inventories for the quarter that ended in Dec. 2023 was $10.7 Mil. Pan African Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 11.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pan African Resources's Days Inventory for the six months ended in Dec. 2023 was 16.08.

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. Pan African Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

Pan African Resources Inventory Turnover Historical Data

The historical data trend for Pan African Resources'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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Pan African Resources Inventory Turnover Chart

Pan African Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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36.51

26.99

25.38

23.71

22.43

Pan African Resources 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															10.36	11.88	10.07	10.11	11.35

Pan African Resources Inventory Turnover Calculation

Pan African Resources'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 )
=	219.189	/ (	(9.977	+	9.567)	/	2 )
=	219.189	/	9.772
=	22.43

Pan African Resources'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 )
=	121.06	/ (	(9.567	+	11.772)	/	2 )
=	121.06	/	10.6695
=	11.35

Pan African Resources (OTCPK:PAFRF) 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.

Pan African Resources'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
	=	10.6695	/	121.06	*	365 / 2
	=	16.08

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.

Pan African Resources'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 )
	=	10.6695	/	193.947
	=	0.06

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.

Pan African Resources Inventory Turnover Related Terms

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Pan African Resources (Pan African Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pan African Resources PLC (OTCPK:PAFRF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PAN:South Africa PAFRY:USA PAF:UK PAF:UK RTZ:Germany

Address

The Firs Office Building, 2nd Floor, Office 204, Corner Cradock and Biermann Avenues, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.panafricanresources.com

Pan African Resources PLC is a precious metals producer based in the United Kingdom. It operates metal mines in South Africa and derives revenue principally through the mining, extraction, and sale of gold. The company conducts its business through the operation of mining projects in various parts of South Africa, such as Barberton Mines, a gold mining project, Phoenix Platinum, and Uitkomst Colliery, located in Newcastle which sell coal to local and export markets. It also operates growth projects, including PAR Gold Proprietary Limited, which derives revenue from providing management and administration services to other group companies.

Pan African Resources (Pan African Resources) Headlines

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