PPC (PPCLY) Inventory Turnover : 3.26 (As of Sep. 2024)

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What is PPC 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. PPC's Cost of Goods Sold for the six months ended in Sep. 2024 was $233.2 Mil. PPC's Average Total Inventories for the quarter that ended in Sep. 2024 was $71.6 Mil. PPC's Inventory Turnover for the quarter that ended in Sep. 2024 was 3.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PPC's Days Inventory for the six months ended in Sep. 2024 was 56.04.

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. PPC's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.25.

PPC Inventory Turnover Historical Data

The historical data trend for PPC'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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PPC Inventory Turnover Chart

PPC Annual Data

Trend

Sep14

Sep15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.42

5.41

7.61

5.54

6.27

PPC Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															3.48	2.39	3.12	2.94	3.26

PPC Inventory Turnover Calculation

PPC's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	446.153	/ (	(70.484	+	71.892)	/	2 )
=	446.153	/	71.188
=	6.27

PPC's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	233.194	/ (	(71.892	+	71.328)	/	2 )
=	233.194	/	71.61
=	3.26

PPC (OTCPK:PPCLY) 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.

PPC's Days Inventory for the six months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	71.61	/	233.194	*	365 / 2
	=	56.04

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.

PPC's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	71.61	/	287.983
	=	0.25

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.

PPC Inventory Turnover Related Terms

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PPC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » PPC Ltd (OTCPK:PPCLY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PPC:South Africa OZV2:Germany

Address

5 Parks Boulevard, First Floor, Oxford Parks, Dunkeld, Johannesburg, GT, ZAF, 2196

Website

https://www.ppc.africa

PPC Ltd is a South Africa-based company that supplies cement and other related products in South Africa and several other African countries. Its production facilities span South Africa, Botswana, Zimbabwe, and Rwanda. The operating segments are South Africa and Botswana Cement, Zimbabwe, Rwanda, Aggregates, ash and readymix, and Group services and others. The company generates the majority of its revenue from the South Africa and Botswana domestic markets, where it marketed its cement products under the brand names OPC, SureRoad, IDM Best Build, Castle, and Spar Build-It. It also distributes cement products in Botswana, Zimbabwe, Mozambique, the Democratic Republic of the Congo, Rwanda, and Ethiopia under the brands OPC, Unicem, Botcem, and Surebuild PMC.