DRDGold (JSE:DRD) Total Inventories : R460 Mil (As of Jun. 2024)

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What is DRDGold Total Inventories?

DRDGold's total inventories for the quarter that ended in Jun. 2024 was R460 Mil. DRDGold's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Jun. 2024 was R437 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. DRDGold's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was R-1.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. DRDGold's Days Inventory for the six months ended in Jun. 2024 was 17.99.

Inventory Turnover measures how fast the company turns over its inventory within a year. DRDGold's Inventory Turnover for the quarter that ended in Jun. 2024 was 10.14.

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. DRDGold's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.07.

DRDGold Total Inventories Historical Data

The historical data trend for DRDGold's Total Inventories 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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DRDGold Total Inventories Chart

DRDGold Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Inventories

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323.40

340.00

389.30

413.60

460.00

DRDGold Semi-Annual Data
	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23	Jun24
Total Inventories	Get a 7-Day Free Trial															323.40	340.00	389.30	413.60	460.00

DRDGold Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

DRDGold (JSE:DRD) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

DRDGold's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(509.2	+	0.75 * 479	+	0.5 * 460	-	2561
-	0	-	0)	/	861.499
=	-1.70

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	436.8	/	4429.9	*	365 / 2
	=	17.99

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

DRDGold's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	4429.9	/	436.8
	=	10.14

4. 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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	436.8	/	6239.7
	=	0.07

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

DRDGold Total Inventories Related Terms

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DRDGold Business Description

Industry

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Traded in Other Exchanges

DRDGF:USA DRD:USA 0ICU:UK DUBA:Germany DUB1:Germany DUBA:Germany DUB1:Germany

Address

Cnr 14th Avenue and Hendrik Potgieter Road, Constantia Office Park, Cycad House, Building 17, Ground Floor, Weltevreden Park, Johannesburg, ZAF, 1709

Website

https://www.drdgold.com

DRDGold Ltd is a South African gold mining company engaged in surface gold tailings retreatment including exploration, extraction, processing, and smelting. Its reportable operating segments are; Ergo, FWGR, and Corporate office and other reconciling items. The Ergo is a surface gold retreatment operation that treats old slime dams and sand dumps to the south of Johannesburg's central business district as well as the East and Central Rand goldfields; and the FWGR which is a surface gold retreatment operation and treats old slime dams in the West Rand goldfields. The Ergo segment derives a vast majority of the company's revenue.