Kumba Iron Ore (Kumba Iron Ore) Inventory Turnover : 0.44 (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Kumba Iron Ore 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. Kumba Iron Ore's Cost of Goods Sold for the six months ended in Dec. 2023 was $265 Mil. Kumba Iron Ore's Average Total Inventories for the quarter that ended in Dec. 2023 was $595 Mil. Kumba Iron Ore's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kumba Iron Ore's Days Inventory for the six months ended in Dec. 2023 was 410.64.

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. Kumba Iron Ore's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

Kumba Iron Ore Inventory Turnover Historical Data

The historical data trend for Kumba Iron Ore'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.

* Premium members only.

Kumba Iron Ore Inventory Turnover Chart

Kumba Iron Ore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

1.97

1.50

1.59

0.71

0.85

Kumba Iron Ore 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															0.58	0.71	0.10	0.38	0.44

Kumba Iron Ore Inventory Turnover Calculation

Kumba Iron Ore's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	467.831	/ (	(493.576	+	611.717)	/	2 )
=	467.831	/	552.6465
=	0.85

Kumba Iron Ore'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 )
=	264.641	/ (	(579.201	+	611.717)	/	2 )
=	264.641	/	595.459
=	0.44

Kumba Iron Ore (OTCPK:KIROY) 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.

Kumba Iron Ore'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
	=	595.459	/	264.641	*	365 / 2
	=	410.64

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.

Kumba Iron Ore'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 )
	=	595.459	/	2573.687
	=	0.23

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.

Kumba Iron Ore Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Kumba Iron Ore's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Kumba Iron Ore (Kumba Iron Ore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kumba Iron Ore Ltd (OTCPK:KIROY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

KIO:South Africa KUI:Germany

Address

144 Oxford Road, Rosebank, Melrose, Johannesburg, GT, ZAF, 2196

Website

https://www.angloamericankumba.com

Kumba Iron Ore Ltd is engaged in the exploration, mining, processing blending and sale of iron ore to the global steel industry. The company primarily operates in South Africa, with mining operations in the Northern Cape and Limpopo provinces, as well as a head office in Centurion, Gauteng, and a port operation in Saldanha Bay, Western Cape. The company's flagship asset is the Sishen mine, which it holds a majority stake, located near the town of Kathu in the Northern Cape Province. The Sishen mine is an opencast mine and produces the bulk of the group's iron ore, most of which is exported. It also holds interest in Kolomela mine.

Kumba Iron Ore (Kumba Iron Ore) Headlines

From GuruFocus

This South African Company Is More Valuable Than Chesapeake Energy

By Mark Yu Mark Yu • 02-14-2016

Kumba Iron Ore Stock Shows Every Sign Of Being Fairly Valued

By GF Value GF Value • 04-08-2021