Jubilee Metals Group (LSE:JLP) Inventory Turnover : 1.78 (As of Dec. 2023)

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What is Jubilee Metals Group 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. Jubilee Metals Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £60.7 Mil. Jubilee Metals Group's Average Total Inventories for the quarter that ended in Dec. 2023 was £34.2 Mil. Jubilee Metals Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jubilee Metals Group's Days Inventory for the six months ended in Dec. 2023 was 102.77.

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. Jubilee Metals Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.46.

Jubilee Metals Group Inventory Turnover Historical Data

The historical data trend for Jubilee Metals Group'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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Jubilee Metals Group Inventory Turnover Chart

Jubilee Metals Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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7.22

15.62

6.20

4.16

3.49

Jubilee Metals Group 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															2.38	2.18	1.61	1.80	1.78

Jubilee Metals Group Inventory Turnover Calculation

Jubilee Metals Group'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 )
=	110.538	/ (	(27.736	+	35.665)	/	2 )
=	110.538	/	31.7005
=	3.49

Jubilee Metals Group'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 )
=	60.723	/ (	(35.665	+	32.727)	/	2 )
=	60.723	/	34.196
=	1.78

Jubilee Metals Group (LSE:JLP) 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.

Jubilee Metals Group'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
	=	34.196	/	60.723	*	365 / 2
	=	102.77

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.

Jubilee Metals Group'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 )
	=	34.196	/	74.718
	=	0.46

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.

Jubilee Metals Group Inventory Turnover Related Terms

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Jubilee Metals Group (LSE:JLP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jubilee Metals Group PLC (LSE:JLP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

JBL:South Africa JUBPF:USA JI5:Germany

Address

7/8 Kendrick Mews, 1st Floor, South Kensington, London, GBR, SW7 3HG

Website

https://www.jubileemetalsgroup.com

Jubilee Metals Group PLC is a platinum-focused mining and exploration company. The Company's operations include PGM and Chrome, engaged in the processing of PGM and chromium-containing materials; Copper and Cobalt are involved in the processing of materials containing copper and cobalt; Others include administrative and corporate expenses. It has operations in six countries namely South Africa, Australia, Madagascar, Mauritius, Zambia, and the United Kingdom.

Jubilee Metals Group (LSE:JLP) Headlines

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