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. Gold Fields's Cost of Goods Sold for the
six
months ended in Dec. 2021 was $1,287 Mil. Gold Fields's Average Total Inventories for the quarter that ended in Dec. 2021 was $628 Mil.
Gold Fields's Inventory Turnover for the quarter that ended in Dec. 2021 was 2.05.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Gold Fields's Days Inventory for the
six
months ended in Dec. 2021 was 89.02.
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.
Gold Fields's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.28.
Gold Fields Inventory Turnover Historical Data
The historical data trend for Gold Fields'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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Gold Fields Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Inventory Turnover
6.00
5.53
5.36
4.80
4.33
Gold Fields Semi-Annual Data
Jun12
Dec12
Jun13
Dec13
Jun14
Dec14
Jun15
Dec15
Jun16
Dec16
Jun17
Dec17
Jun18
Dec18
Jun19
Dec19
Jun20
Dec20
Jun21
Dec21
Inventory Turnover
2.60
2.68
2.18
2.30
2.05
Gold Fields Inventory Turnover Calculation
Gold Fields's Inventory Turnover for the fiscal year that ended in Dec. 2021 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.
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.
Gold Fields's Days Inventory for the
six
months ended in Dec. 2021 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.
Gold Fields's Inventory to Revenue for the quarter that ended in Dec. 2021 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
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.
Gold Fields Inventory Turnover Related Terms
Thank you for viewing the detailed overview of Gold Fields's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Gold Fields Ltd is a globally diversified gold miner and producer with eight operating mines in Australia, Ghana, Peru, and South Africa. The majority of group revenue is generated in the Australian mines, largely the St Ives and Granny Smith sites, with Ghana the second- largest contributor of revenue. The company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing, and smelting. In Peru, the company also produces copper, and it has other precious metal exploration interests in Africa, Eurasia, Australasia, and the Americas.
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