Northam Platinum (Northam Platinum) Inventory Turnover : 2.06 (As of Jun. 2021)

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What is Northam 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. Northam Platinum's Cost of Goods Sold for the six months ended in Jun. 2021 was $706.27 Mil. Northam Platinum's Average Total Inventories for the quarter that ended in Jun. 2021 was $342.84 Mil. Northam Platinum's Inventory Turnover for the quarter that ended in Jun. 2021 was 2.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Northam Platinum's Days Inventory for the six months ended in Jun. 2021 was 88.59.

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. Northam Platinum's Inventory-to-Revenue for the quarter that ended in Jun. 2021 was 0.23.

Northam Platinum Inventory Turnover Historical Data

The historical data trend for Northam 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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Northam Platinum Inventory Turnover Chart

Northam Platinum Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Inventory Turnover

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4.36

2.60

2.21

3.06

4.04

Northam Platinum Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Inventory Turnover	Get a 7-Day Free Trial															1.18	1.10	1.55	1.68	2.06

Northam Platinum Inventory Turnover Calculation

Northam Platinum's Inventory Turnover for the fiscal year that ended in Jun. 2021 is calculated as

	Inventory Turnover (A: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2021 )	/ (	(Total Inventories (A: Jun. 2020 )	+	Total Inventories (A: Jun. 2021 ))	/	count )
=	1187.343	/ (	(218.529	+	369.766)	/	2 )
=	1187.343	/	294.1475
=	4.04

Northam Platinum's Inventory Turnover for the quarter that ended in Jun. 2021 is calculated as

	Inventory Turnover (Q: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2021 )	/ (	(Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Jun. 2021 ))	/	count )
=	706.269	/ (	(315.914	+	369.766)	/	2 )
=	706.269	/	342.84
=	2.06

Northam Platinum (OTCPK:NMPNY) 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.

Northam Platinum's Days Inventory for the six months ended in Jun. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2021 )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
	=	342.84	/	706.269	*	365 / 2
	=	88.59

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.

Northam Platinum's Inventory to Revenue for the quarter that ended in Jun. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2021 )	/	Revenue (Q: Jun. 2021 )
	=	342.84	/	1490.827
	=	0.23

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.

Northam Platinum Inventory Turnover Related Terms

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Northam Platinum (Northam Platinum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northam Platinum Ltd (OTCPK:NMPNY) » Definitions » Inventory Turnover

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Address

Magwa Crescent West, Building 4, 1st Floor, Maxwell Office Park, Waterfall City, Jukskei View, Johannesburg, GT, ZAF, 2090

Website

https://www.northam.co.za

Northam Platinum Ltd is a producer of platinum group metals, which include platinum, palladium, and rhodium. Northam conducts operations across two main locations in South Africa, Zondereinde and Booysendal, where the mining, concentrating, smelting, and base metals recovery processes occur. The company then outsources its production for refining. The primary consumers of platinum, palladium, and rhodium are from the motor-manufacturing and jewellery industries. Northam sells metals in sponge or ingot form domestically and to overseas markets across Asia, Europe, and North America.

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