Impala Platinum Holdings (Impala Platinum Holdings) Inventory Turnover : 1.56 (As of Dec. 2023)

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What is Impala Platinum Holdings 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. Impala Platinum Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $2,146 Mil. Impala Platinum Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,374 Mil. Impala Platinum Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Impala Platinum Holdings's Days Inventory for the six months ended in Dec. 2023 was 116.84.

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. Impala Platinum Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.59.

Impala Platinum Holdings Inventory Turnover Historical Data

The historical data trend for Impala Platinum Holdings'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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Impala Platinum Holdings Inventory Turnover Chart

Impala Platinum Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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3.39

2.80

3.95

3.10

3.20

Impala Platinum Holdings 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															1.50	1.63	1.53	1.63	1.56

Impala Platinum Holdings Inventory Turnover Calculation

Impala Platinum Holdings'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 )
=	4494.9	/ (	(1511.218	+	1297.426)	/	2 )
=	4494.9	/	1404.322
=	3.20

Impala Platinum Holdings'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 )
=	2146.216	/ (	(1297.426	+	1450.614)	/	2 )
=	2146.216	/	1374.02
=	1.56

Impala Platinum Holdings (OTCPK:IMPUY) 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.

Impala Platinum Holdings'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
	=	1374.02	/	2146.216	*	365 / 2
	=	116.84

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.

Impala Platinum Holdings'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 )
	=	1374.02	/	2330.568
	=	0.59

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.

Impala Platinum Holdings Inventory Turnover Related Terms

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Impala Platinum Holdings (Impala Platinum Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Impala Platinum Holdings Ltd (OTCPK:IMPUY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

IMP:South Africa IMPUF:USA IPHB:Germany

Address

2 Fricker Road, Illovo, Johannesburg, GT, ZAF, 2196

Website

https://www.implats.co.za

Impala Platinum Holdings Ltd is one of the world's largest producers of platinum and associated platinum group metals, including palladium and rhodium. The company is structured with five main operations located in Impala, Zimplats, Marula, Mimosa, and Two Rivers. Impala is the group's main operational unit and is situated on the Impala lease area on the western limb of Bushveld, east of Johannesburg in South Africa, and is one of the largest platinum-group-metal-bearing ore bodies in the world. The Impala operation comprises a 10-shaft mining complex and concentrating and smelting plants.

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