Harmony Gold Mining Co (Harmony Gold Mining Co) Inventory-to-Revenue

: 0.10 (As of Dec. 2023)

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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. Harmony Gold Mining Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $173 Mil. Harmony Gold Mining Co's Revenue for the six months ended in Dec. 2023 was $1,686 Mil. Harmony Gold Mining Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

Harmony Gold Mining Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Jun. 2023 (0.12) to Jun. 2023 (0.10)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Harmony Gold Mining Co's Days Inventory for the six months ended in Dec. 2023 was 25.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. Harmony Gold Mining Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.06.

Harmony Gold Mining Co Inventory-to-Revenue Historical Data

The historical data trend for Harmony Gold Mining Co's Inventory-to-Revenue 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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Harmony Gold Mining Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory-to-Revenue

0.07

0.08

0.05

0.07

Harmony Gold Mining Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory-to-Revenue																0.12	0.12	0.13	0.12	0.10

Competitive Comparison

For the Gold subindustry, Harmony Gold Mining Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Harmony Gold Mining Co Inventory-to-Revenue Distribution

For the Metals & Mining industry and Basic Materials sector, Harmony Gold Mining Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Harmony Gold Mining Co's Inventory-to-Revenue falls into.

Harmony Gold Mining Co Inventory-to-Revenue Calculation

Harmony Gold Mining Co's Inventory-to-Revenue for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory-to-Revenue (A: Jun. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )
=	( (178.192	+	174.182)	/	2 )	/	2628.729
=	176.187					/	2628.729
=	0.07

Harmony Gold Mining Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (174.182	+	172.438)	/	2 )	/	1686.005
=	173.31					/	1686.005
=	0.10

Harmony Gold Mining Co (NYSE:HMY) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

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

Harmony Gold Mining Co'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
	=	173.31	/	1223.273	*	365 / 2
	=	25.86

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

Harmony Gold Mining Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1223.273	/	173.31
	=	7.06

Harmony Gold Mining Co Inventory-to-Revenue Related Terms

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Harmony Gold Mining Co (Harmony Gold Mining Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Harmony Gold Mining Co Ltd (NYSE:HMY) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

HAR:South Africa HGMCF:USA HAM1:Germany HAM:Germany HAM1:Germany HAM:Germany HMY:Argentina

Address

Corner Main Reef Road and Ward Avenue, Randfontein Office Park, Randfontein, ZAF, 1759

Website

https://www.harmony.co.za

Harmony Gold Mining Co Ltd is a gold mining and exploration company having operations in South Africa and Papua New Guinea (PNG). Its projects include Bambanani, Joel, Masimong, Phakisa, Target 1, Tshepong, Unisel, Doornkop, and Kusasalethu. The group's segments are Tshepong Operations, Bambanani, Joel, Doornkop, Moab Khotsong, Hidden Valley, Target 1, Kusasalethu, Masimong, Unisel, and all other surface operations.