AQPTY (Aquarius Platinum) Inventory Turnover : 10.78 (As of Dec. 2015)

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What is Aquarius Platinum 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. Aquarius Platinum's Cost of Goods Sold for the six months ended in Dec. 2015 was $91.3 Mil. Aquarius Platinum's Average Total Inventories for the quarter that ended in Dec. 2015 was $8.5 Mil. Aquarius Platinum's Inventory Turnover for the quarter that ended in Dec. 2015 was 10.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aquarius Platinum's Days Inventory for the six months ended in Dec. 2015 was 16.93.

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. Aquarius Platinum's Inventory-to-Revenue for the quarter that ended in Dec. 2015 was 0.11.

Aquarius Platinum Inventory Turnover Historical Data

The historical data trend for Aquarius Platinum'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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Aquarius Platinum Inventory Turnover Chart

Aquarius Platinum Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Inventory Turnover

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10.89

12.04

12.03

15.17

17.78

Aquarius Platinum Semi-Annual Data
	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15
Inventory Turnover	Get a 7-Day Free Trial															7.92	7.24	7.20	11.94	10.78

Aquarius Platinum Inventory Turnover Calculation

Aquarius Platinum's Inventory Turnover for the fiscal year that ended in Jun. 2015 is calculated as

	Inventory Turnover (A: Jun. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2015 )	/ (	(Total Inventories (A: Jun. 2014 )	+	Total Inventories (A: Jun. 2015 ))	/	count )
=	210.816	/ (	(15.246	+	8.463)	/	2 )
=	210.816	/	11.8545
=	17.78

Aquarius Platinum's Inventory Turnover for the quarter that ended in Dec. 2015 is calculated as

	Inventory Turnover (Q: Dec. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2015 )	/ (	(Total Inventories (Q: Jun. 2015 )	+	Total Inventories (Q: Dec. 2015 ))	/	count )
=	91.255	/ (	(8.463	+	0)	/	1 )
=	91.255	/	8.463
=	10.78

Aquarius Platinum (OTCPK:AQPTY) 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.

Aquarius Platinum's Days Inventory for the six months ended in Dec. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2015 )	/	Cost of Goods Sold (Q: Dec. 2015 )	*	Days in Period
	=	8.463	/	91.255	*	365 / 2
	=	16.93

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.

Aquarius Platinum's Inventory to Revenue for the quarter that ended in Dec. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2015 )	/	Revenue (Q: Dec. 2015 )
	=	8.463	/	78.328
	=	0.11

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.

Aquarius Platinum Inventory Turnover Related Terms

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Aquarius Platinum Business Description

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Website

http://www.aquariusplatinum.com

Aquarius Platinum Ltd was incorporated in Bermuda as an exempted company and is subject to Bermudian law. The Company is a producer of the platinum group metals, which comprise platinum, palladium, rhodium, osmium, ruthenium and iridium. The Ruthenium and iridium are produced in smaller quantities as co-products, with the base metals nickel, copper and chrome produced as by-products. The Company's operations include Kroondal and Mimosa. The Kroondal is located up-dip of Amplat's Rustenburg Platinum Mine, exploits the UG2 reef in the Townlands and Kroondal ore bodies via five operating decline shafts to depths of up to 700m. The Mimosa is located on the Wedza sub-chamber of the southern portion of the Great Dyke in Zimbabwe.

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