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Eastern Platinum (Eastern Platinum) Days Inventory : 53.71 (As of Sep. 2023)


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What is Eastern Platinum Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Eastern Platinum's Average Total Inventories for the three months ended in Sep. 2023 was $8.72 Mil. Eastern Platinum's Cost of Goods Sold for the three months ended in Sep. 2023 was $14.81 Mil. Hence, Eastern Platinum's Days Inventory for the three months ended in Sep. 2023 was 53.71.

The historical rank and industry rank for Eastern Platinum's Days Inventory or its related term are showing as below:

ELRFF' s Days Inventory Range Over the Past 10 Years
Min: 9.64   Med: 18.51   Max: 962.19
Current: 56.14

During the past 13 years, Eastern Platinum's highest Days Inventory was 962.19. The lowest was 9.64. And the median was 18.51.

ELRFF's Days Inventory is ranked better than
70.36% of 658 companies
in the Metals & Mining industry
Industry Median: 87.34 vs ELRFF: 56.14

Eastern Platinum's Days Inventory declined from Sep. 2022 (359.23) to Sep. 2023 (53.71).

Inventory Turnover measures how fast the company turns over its inventory within a year. Eastern Platinum's Inventory Turnover for the three months ended in Sep. 2023 was 1.70.

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. Eastern Platinum's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.40.


Eastern Platinum Days Inventory Historical Data

The historical data trend for Eastern Platinum's Days 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.

* Premium members only.

Eastern Platinum Days Inventory Chart

Eastern Platinum Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 987.72 11.61 9.53 10.42 54.50

Eastern Platinum Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 359.23 89.80 59.64 37.91 53.71

Competitive Comparison of Eastern Platinum's Days Inventory

For the Other Precious Metals & Mining subindustry, Eastern Platinum's Days Inventory, along with its competitors' market caps and Days Inventory 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.


Eastern Platinum's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Eastern Platinum's Days Inventory distribution charts can be found below:

* The bar in red indicates where Eastern Platinum's Days Inventory falls into.



Eastern Platinum Days Inventory Calculation

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

Eastern Platinum's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (1.792 + 11.32) / 2 ) / 43.904*365
=6.556 / 43.904*365
=54.50

Eastern Platinum's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (8.749 + 8.686) / 2 ) / 14.81*365 / 4
=8.7175 / 14.81*365 / 4
=53.71

* 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.


Eastern Platinum  (OTCPK:ELRFF) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Eastern Platinum's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

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.

Eastern Platinum's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

* 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Eastern Platinum Days Inventory Related Terms

Thank you for viewing the detailed overview of Eastern Platinum's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Eastern Platinum (Eastern Platinum) Business Description

Traded in Other Exchanges
Address
1188 West Georgia Street, Suite 1080, Vancouver, BC, CAN, V6E 4A2
Eastern Platinum Ltd owns, directly and indirectly, a number of PGM and chrome assets in the Republic of South Africa. All of the company's properties are situated on the western and eastern limbs of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore. It has three segments CRM, Eastern Limb and Corporate. Operations at the Crocodile River Mine include re-mining and processing its tailings resource, with an offtake of the chrome concentrate to Union Goal from the Zandfontein UG2 tailings facility and the processing and extraction of platinum group metals.

Eastern Platinum (Eastern Platinum) Headlines

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