Regis Resources (ASX:RRL) Inventory Turnover : 1.91 (As of Dec. 2023)

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What is Regis Resources 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. Regis Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was A$369 Mil. Regis Resources's Average Total Inventories for the quarter that ended in Dec. 2023 was A$194 Mil. Regis Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Regis Resources's Days Inventory for the six months ended in Dec. 2023 was 95.64.

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. Regis Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.35.

Regis Resources Inventory Turnover Historical Data

The historical data trend for Regis Resources'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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Regis Resources Inventory Turnover Chart

Regis Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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7.46

6.15

4.34

6.25

4.15

Regis Resources 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															2.05	3.19	3.08	1.06	1.91

Regis Resources Inventory Turnover Calculation

Regis Resources'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 )
=	719.968	/ (	(141.033	+	205.634)	/	2 )
=	719.968	/	173.3335
=	4.15

Regis Resources'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 )
=	369.4	/ (	(205.634	+	181.553)	/	2 )
=	369.4	/	193.5935
=	1.91

Regis Resources (ASX:RRL) 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.

Regis Resources'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
	=	193.5935	/	369.4	*	365 / 2
	=	95.64

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.

Regis Resources'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 )
	=	193.5935	/	550.058
	=	0.35

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.

Regis Resources Inventory Turnover Related Terms

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Regis Resources (ASX:RRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Regis Resources Ltd (ASX:RRL) » Definitions » Inventory Turnover

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RGRNF:USA RKQ:Germany

Address

516 Hay Street, Level 2, Subiaco, Perth, WA, AUS, 6008

Website

https://www.regisresources.com.au

Regis Resources Ltd is one of Australia's largest gold companies, producing around 437,309 ounces of gold per year. Cash costs are below the industry average. Operating mines are located in Western Australia, which brings relatively low sovereign risk. Management has a sound operating track record and an appropriate bias towards strong balance sheets and dividends; however, the gold price and new investments will be the primary arbiters of long-term returns. Development of the McPhillamys deposit in New South Wales, if approved, should add approximately two hundred thousand ounces of gold production a year in the medium term. The Company has three reportable segments which comprise the Duketon North Operations, and Duketon South Operations, Tropicana Gold Project.

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