Eastern Platinum (JSE:EPS) Inventory Turnover : 2.11 (As of Mar. 2024)

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What is Eastern 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. Eastern Platinum's Cost of Goods Sold for the three months ended in Mar. 2024 was R196 Mil. Eastern Platinum's Average Total Inventories for the quarter that ended in Mar. 2024 was R93 Mil. Eastern Platinum's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eastern Platinum's Days Inventory for the three months ended in Mar. 2024 was 43.15.

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. Eastern Platinum's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.31.

Eastern Platinum Inventory Turnover Historical Data

The historical data trend for Eastern 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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Eastern Platinum Inventory Turnover Chart

Eastern Platinum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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31.59

38.80

36.09

8.77

11.79

Eastern Platinum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.52	2.44	1.71	3.05	2.11

Eastern Platinum Inventory Turnover Calculation

Eastern Platinum's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1404.54	/ (	(153.827	+	84.407)	/	2 )
=	1404.54	/	119.117
=	11.79

Eastern Platinum's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	196.413	/ (	(84.407	+	101.363)	/	2 )
=	196.413	/	92.885
=	2.11

Eastern Platinum (JSE:EPS) 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.

Eastern Platinum's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	92.885	/	196.413	*	365 / 4
	=	43.15

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.

Eastern Platinum's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	92.885	/	296.08
	=	0.31

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.

Eastern Platinum Inventory Turnover Related Terms

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Eastern Platinum (JSE:EPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eastern Platinum Ltd (JSE:EPS) » Definitions » Inventory Turnover

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ELRFF:USA E9P1:Germany ELR:Canada

Address

1188 West Georgia Street, Suite 1080, Vancouver, BC, CAN, V6E 4A2

Website

https://www.eastplats.com

Eastern Platinum Ltd owns, directly and indirectly, a number of PGM and chrome assets in the Republic of South Africa. All of the company's properties are situated on the western and eastern limbs of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore. It has three segments CRM, Eastern Limb and Corporate. Operations at the Crocodile River Mine include re-mining and processing its tailings resource, with an offtake of the chrome concentrate to Union Goal from the Zandfontein UG2 tailings facility and the processing and extraction of platinum group metals.

Eastern Platinum (JSE:EPS) Headlines

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