Perseus Mining (ASX:PRU) Inventory Turnover : 1.76 (As of Jun. 2024)

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What is Perseus Mining 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. Perseus Mining's Cost of Goods Sold for the six months ended in Jun. 2024 was A$289 Mil. Perseus Mining's Average Total Inventories for the quarter that ended in Jun. 2024 was A$165 Mil. Perseus Mining's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Perseus Mining's Days Inventory for the six months ended in Jun. 2024 was 103.90.

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. Perseus Mining's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.20.

Perseus Mining Inventory Turnover Historical Data

The historical data trend for Perseus Mining'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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Perseus Mining Inventory Turnover Chart

Perseus Mining Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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2.58

2.54

3.32

3.73

3.63

Perseus Mining Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															1.62	2.06	1.80	1.91	1.76

Perseus Mining Inventory Turnover Calculation

Perseus Mining's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	603.242	/ (	(164.621	+	167.902)	/	2 )
=	603.242	/	166.2615
=	3.63

Perseus Mining's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	289.358	/ (	(161.579	+	167.902)	/	2 )
=	289.358	/	164.7405
=	1.76

Perseus Mining (ASX:PRU) 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.

Perseus Mining's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	164.7405	/	289.358	*	365 / 2
	=	103.90

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.

Perseus Mining's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	164.7405	/	808.481
	=	0.20

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.

Perseus Mining Inventory Turnover Related Terms

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Perseus Mining Business Description

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Address

437 Roberts Road, Level 2, Subiaco, Perth, WA, AUS, 6008

Website

https://www.perseusmining.com

Perseus is an Australia-based gold miner. It sold around 510,000 ounces of gold in fiscal 2024 from its three majority-owned mines in West Africa. Founded in 2004, Perseus bought all three of its operating mines originally as exploration licenses or development projects. Its 90%-owned Edikan mine in Ghana achieved first gold in 2011, with 86%-owned Sissingue and 90%-owned Yaoure in Ivory Coast following in 2018 and 2020, respectively. The company also purchased its 70%-owned Meyas Sand gold project in Sudan in 2022 and its 80%-owned Nyanzaga gold project in Tanzania in fiscal 2024. Excluding Meyas Sand, where development is on hold due to armed conflict in Sudan, it had about six years of reserves at the end of fiscal 2024. We forecast it sells about 480,000 ounces of gold in fiscal 2025.