Pretium Resources (Pretium Resources) Inventory Turnover : 3.42 (As of Sep. 2021)

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What is Pretium Resources 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. Pretium Resources's Cost of Goods Sold for the three months ended in Sep. 2021 was $96.3 Mil. Pretium Resources's Average Total Inventories for the quarter that ended in Sep. 2021 was $28.2 Mil. Pretium Resources's Inventory Turnover for the quarter that ended in Sep. 2021 was 3.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pretium Resources's Days Inventory for the three months ended in Sep. 2021 was 26.71.

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. Pretium Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 0.19.

Pretium Resources Inventory Turnover Historical Data

The historical data trend for Pretium Resources'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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Pretium Resources Inventory Turnover Chart

Pretium Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

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4.87

12.05

14.27

19.01

Pretium Resources Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Inventory Turnover	Get a 7-Day Free Trial															3.87	5.57	4.40	3.98	3.42

Pretium Resources Inventory Turnover Calculation

Pretium Resources's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	396.304	/ (	(21.945	+	19.757)	/	2 )
=	396.304	/	20.851
=	19.01

Pretium Resources's Inventory Turnover for the quarter that ended in Sep. 2021 is calculated as

	Inventory Turnover (Q: Sep. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2021 )	/ (	(Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )
=	96.252	/ (	(26.329	+	30.009)	/	2 )
=	96.252	/	28.169
=	3.42

Pretium Resources (NYSE:PVG) 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.

Pretium Resources's Days Inventory for the three months ended in Sep. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2021 )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
	=	28.169	/	96.252	*	365 / 4
	=	26.71

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.

Pretium Resources's Inventory to Revenue for the quarter that ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2021 )	/	Revenue (Q: Sep. 2021 )
	=	28.169	/	146.825
	=	0.19

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.

Pretium Resources Inventory Turnover Related Terms

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Pretium Resources (Pretium Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pretium Resources Inc (NYSE:PVG) » Definitions » Inventory Turnover

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Address

1055 Dunsmuir Street, Suite 2300, P.O. Box 49334, Four Bentall Centre, Vancouver, BC, CAN, V7X 1L4

Website

https://www.pretivm.com

Pretium Resources Inc is an exploration and development company engaged in the acquisition, exploration, and development of precious metal resource properties in the Americas. The Brucejack Project is the company's primary mineral project, which involves near-mine exploration and off-mining leases infrastructure in Brucejack mine, located in northwestern British Columbia, Canada. The company is currently at the engineering and construction phase, progressing toward production as a high-grade underground gold mine. Gold metal is the company's core revenue driver.