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Harmony Gold Mining Co (JSE:HAR) Days Inventory : 25.45 (As of Jun. 2024)


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What is Harmony Gold Mining Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Harmony Gold Mining Co's Average Total Inventories for the six months ended in Jun. 2024 was R3,408 Mil. Harmony Gold Mining Co's Cost of Goods Sold for the six months ended in Jun. 2024 was R24,440 Mil. Hence, Harmony Gold Mining Co's Days Inventory for the six months ended in Jun. 2024 was 25.45.

The historical rank and industry rank for Harmony Gold Mining Co's Days Inventory or its related term are showing as below:

JSE:HAR' s Days Inventory Range Over the Past 10 Years
Min: 21.01   Med: 25.6   Max: 30.91
Current: 25.97

During the past 13 years, Harmony Gold Mining Co's highest Days Inventory was 30.91. The lowest was 21.01. And the median was 25.60.

JSE:HAR's Days Inventory is ranked better than
90.14% of 649 companies
in the Metals & Mining industry
Industry Median: 86.21 vs JSE:HAR: 25.97

Harmony Gold Mining Co's Days Inventory declined from Jun. 2023 (28.43) to Jun. 2024 (25.45).

Inventory Turnover measures how fast the company turns over its inventory within a year. Harmony Gold Mining Co's Inventory Turnover for the six months ended in Jun. 2024 was 7.17.

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. Harmony Gold Mining Co's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.11.


Harmony Gold Mining Co Days Inventory Historical Data

The historical data trend for Harmony Gold Mining Co'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.

Harmony Gold Mining Co Days Inventory Chart

Harmony Gold Mining Co Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.91 25.52 23.33 28.08 26.54

Harmony Gold Mining Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 20.31 25.07 28.43 25.93 25.45

Competitive Comparison of Harmony Gold Mining Co's Days Inventory

For the Gold subindustry, Harmony Gold Mining Co'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.


Harmony Gold Mining Co's Days Inventory Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Harmony Gold Mining Co's Days Inventory falls into.



Harmony Gold Mining Co Days Inventory Calculation

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

Harmony Gold Mining Co's Days Inventory for the fiscal year that ended in Jun. 2024 is calculated as

Days Inventory (A: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2023 ) + Total Inventories (A: Jun. 2024 )) / count ) / Cost of Goods Sold (A: Jun. 2024 )*Days in Period
=( (3265 + 3603) / 2 ) / 47233*365
=3434 / 47233*365
=26.54

Harmony Gold Mining Co's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (3213 + 3603) / 2 ) / 24440*365 / 2
=3408 / 24440*365 / 2
=25.45

* 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.


Harmony Gold Mining Co  (JSE:HAR) 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.

Harmony Gold Mining Co's Inventory Turnover for the six months ended in Jun. 2024 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.

Harmony Gold Mining Co's Inventory to Revenue for the six months ended in Jun. 2024 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.


Harmony Gold Mining Co Days Inventory Related Terms

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


Harmony Gold Mining Co Business Description

Address
Corner Main Reef Road and Ward Avenue, Randfontein Office Park, Randfontein, ZAF, 1759
Harmony Gold Mining Co Ltd is a gold mining and exploration company having operations in South Africa and Papua New Guinea (PNG). Its projects include Bambanani, Joel, Masimong, Phakisa, Target 1, Tshepong, Unisel, Doornkop, and Kusasalethu. The group's segments are Tshepong Operations, Bambanani, Joel, Doornkop, Moab Khotsong, Hidden Valley, Target 1, Kusasalethu, Masimong, Unisel, and all other surface operations.

Harmony Gold Mining Co Headlines

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