Polyus PJSC (Polyus PJSC) Inventory Turnover : 1.00 (As of Dec. 2023)

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What is Polyus PJSC 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. Polyus PJSC's Cost of Goods Sold for the six months ended in Dec. 2023 was $962 Mil. Polyus PJSC's Average Total Inventories for the quarter that ended in Dec. 2023 was $964 Mil. Polyus PJSC's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Polyus PJSC's Days Inventory for the six months ended in Dec. 2023 was 182.88.

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. Polyus PJSC's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.32.

Polyus PJSC Inventory Turnover Historical Data

The historical data trend for Polyus PJSC'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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Polyus PJSC Inventory Turnover Chart

Polyus PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.37

2.27

2.48

2.27

1.78

Polyus PJSC Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial														1.32	0.65	1.10	0.75	1.00

Polyus PJSC Inventory Turnover Calculation

Polyus PJSC's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1716	/ (	(1006	+	925)	/	2 )
=	1716	/	965.5
=	1.78

Polyus PJSC's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	962	/ (	(1003	+	925)	/	2 )
=	962	/	964
=	1.00

Polyus PJSC (OTCPK:OPYGY) 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.

Polyus PJSC's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	964	/	962	*	365 / 2
	=	182.88

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.

Polyus PJSC's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	964	/	3050
	=	0.32

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.

Polyus PJSC Inventory Turnover Related Terms

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Polyus PJSC (Polyus PJSC) Business Description

Industry

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PLZL:Russia

Address

Krasina Street, 3 Building 1, Cab 801, Moscow, RUS, 123056

Website

http://www.polyus.com

Polyus PJSC and its subsidiaries are engaged in the extraction, refining, and sale of gold. The mining and processing facilities of the company are in the Krasnoyarsk, Irkutsk, Magadan regions, and the Sakha Republic of the Russian Federation. The company is also engaged in the exploration, construction, and research activities to maintain its operations. The operating business segments are the Olimpiada business unit, the Blagodatnoye business unit, the Natalka business unit, the Verninskoye business unit, the Kuranakh business unit, Alluvials business unit, Exploration business unit, Sukhoi Log business unit, and Unallocated.