NMPNY (Northam Platinum) Total Inventories : $369.77 Mil (As of Jun. 2021)

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What is Northam Platinum Total Inventories?

Northam Platinum's total inventories for the quarter that ended in Jun. 2021 was $369.77 Mil. Northam Platinum's average total inventories from the quarter that ended in Dec. 2020 to the quarter that ended in Jun. 2021 was $342.84 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Northam Platinum's Net-Net Working Capital per share for the quarter that ended in Jun. 2021 was $-1.76.

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 Turnover measures how fast the company turns over its inventory within a year. Northam Platinum's Inventory Turnover for the quarter that ended in Jun. 2021 was 2.06.

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 Total Inventories Historical Data

The historical data trend for Northam Platinum'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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Northam Platinum Total Inventories Chart

Northam Platinum Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Total Inventories

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134.12

254.38

257.98

218.53

369.77

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
Total Inventories	Get a 7-Day Free Trial															257.98	357.09	218.53	315.91	369.77

Northam Platinum 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.

Northam Platinum (OTCPK:NMPNY) 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.

Northam Platinum's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2021 is

	Net-Net Working Capital Per Share (Q: Jun. 2021 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(278.673	+	0.75 * 3.207	+	0.5 * 369.766	-	1360.986
-	0	-	0)	/	509.78
=	-1.76

2. 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

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2021 )	/	Average Total Inventories (Q: Jun. 2021 )
	=	706.269	/	342.84
	=	2.06

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.

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

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.

Northam Platinum Total Inventories Related Terms

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Northam Platinum Business Description

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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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