Sail Mining Group (JSE:SGP) Inventory Turnover: 3.29 (As of Aug. 2021)


What is Sail Mining Group Inventory Turnover?

Sail Mining Group JSE:SGP Inventory Turnover is 3.29 as of Aug. 2021.

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. Sail Mining Group's Cost of Goods Sold for the six months ended in Aug. 2021 was R548 Mil. Sail Mining Group's Average Total Inventories for the quarter that ended in Aug. 2021 was R167 Mil. Sail Mining Group's Inventory Turnover for the quarter that ended in Aug. 2021 was 3.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sail Mining Group's Days Inventory for the six months ended in Aug. 2021 was 55.51.

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. Sail Mining Group's Inventory-to-Revenue for the quarter that ended in Aug. 2021 was 0.42.

Sail Mining Group  (JSE:SGP) 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.

Sail Mining Group's Days Inventory for the six months ended in Aug. 2021 is calculated as:

Days Inventory =Average Total Inventories (Q: Aug. 2021 )/Cost of Goods Sold (Q: Aug. 2021 )*Days in Period
=166.824/548.482*365 / 2
=55.51

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.

Sail Mining Group's Inventory to Revenue for the quarter that ended in Aug. 2021 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Aug. 2021 ) / Revenue (Q: Aug. 2021 )
=166.824 / 394.908
=0.42

* 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

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.

Sail Mining Group Inventory Turnover Related Terms

Sail Mining Group Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Sail Mining Group'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.

Sail Mining Group Inventory Turnover Chart

Sail Mining Group Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 1.88 8.88 5.08 6.46

Sail Mining Group Semi-Annual Data
Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21
Inventory Turnover 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 5.02 1.56 2.40 3.50 3.29

Sail Mining Group Inventory Turnover Calculation

Sail Mining Group's Inventory Turnover for the fiscal year that ended in Feb. 2021 is calculated as

Inventory Turnover (A: Feb. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Feb. 2021 ) / ((Total Inventories (A: Feb. 2020 ) + Total Inventories (A: Feb. 2021 )) / count )
=1691.616 / ((321.398 + 202.235) / 2 )
=1691.616 / 261.8165
=6.46

Sail Mining Group's Inventory Turnover for the quarter that ended in Aug. 2021 is calculated as

Inventory Turnover (Q: Aug. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Aug. 2021 ) / ((Total Inventories (Q: Feb. 2021 ) + Total Inventories (Q: Aug. 2021 )) / count )
=548.482 / ((202.235 + 131.413) / 2 )
=548.482 / 166.824
=3.29

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 3.29 mean?
Sail Mining Group (JSE:SGP) has a Inventory Turnover of 3.29 as of Aug. 2021. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Sail Mining Group and its competitors.
Is Sail Mining Group's Inventory Turnover too high?
Sail Mining Group's current Inventory Turnover is 3.29.
How does Sail Mining Group's Inventory Turnover compare to BHPBF?
Sail Mining Group's Inventory Turnover of 3.29 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Metals & Mining company?
A good Inventory Turnover depends on the Metals & Mining industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Sail Mining Group and its competitors. Sail Mining Group's current Inventory Turnover is 3.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sail Mining Group stock overvalued right now?
Sail Mining Group (JSE:SGP) has a current Inventory Turnover of 3.29. The current Inventory Turnover is 3.29. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Sail Mining Group (JSE:SGP), the current Inventory Turnover is 3.29 as of Aug. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sail Mining Group Business Description

Address 4 Peltier Drive, Unit 25 Sunninghill Office Park, Johannesburg, GT, ZAF, 2054
Sail Mining Group Ltd Formerly Chrometco Ltd is a mineral exploration company. It has chrome and mining operations in the North-West Province of South Africa. In addition, Chrometco focuses on the investigation of other chrome and base metal properties for exploration purposes and on researching and investigating business development opportunities. The group holds interest in mining, concentrating and beneficiating various metals and their ores, in particular chrome, platinum, copper, cobalt, nickel and manganese.