Sibanye Stillwater (Sibanye Stillwater) Inventory Turnover : 1.95 (As of Dec. 2023)

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What is Sibanye Stillwater 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. Sibanye Stillwater's Cost of Goods Sold for the six months ended in Dec. 2023 was $2,718 Mil. Sibanye Stillwater's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,393 Mil. Sibanye Stillwater's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sibanye Stillwater's Days Inventory for the six months ended in Dec. 2023 was 93.55.

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. Sibanye Stillwater's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.49.

Sibanye Stillwater Inventory Turnover Historical Data

The historical data trend for Sibanye Stillwater'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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Sibanye Stillwater Inventory Turnover Chart

Sibanye Stillwater Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.12

4.17

4.34

3.87

3.68

Sibanye Stillwater Semi-Annual Data
	Jun14	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															1.99	1.97	1.88	1.85	1.95

Sibanye Stillwater Inventory Turnover Calculation

Sibanye Stillwater'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 )
=	5415.289	/ (	(1526.852	+	1414.871)	/	2 )
=	5415.289	/	1470.8615
=	3.68

Sibanye Stillwater'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 )
=	2717.842	/ (	(1371.58	+	1414.871)	/	2 )
=	2717.842	/	1393.2255
=	1.95

Sibanye Stillwater (NYSE:SBSW) 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.

Sibanye Stillwater'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
	=	1393.2255	/	2717.842	*	365 / 2
	=	93.55

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.

Sibanye Stillwater'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 )
	=	1393.2255	/	2850.672
	=	0.49

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.

Sibanye Stillwater Inventory Turnover Related Terms

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Sibanye Stillwater (Sibanye Stillwater) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sibanye Stillwater Ltd (NYSE:SBSW) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SSW:South Africa SBYSF:USA SBSW:Mexico 47V:Germany 47V:Germany 47VS:Germany 47V:Germany 47VS:Germany 47VS:Germany S1BS34:Brazil

Address

Cnr 14th Avenue and Hendrik Potgieter Road, Bridgeview House, Building 11, Ground Floor, Lakeview Avenue, Constantia Office Park, Weltevreden Park, Roodepoort, GT, ZAF, 1709

Website

https://www.sibanyestillwater.com

Sibanye Stillwater Ltd is a South Africa-focused mining company. The Group currently owns and operates five underground and surface gold operations in South Africa: the Cooke, DRDGOLD, Driefontein, and Kloof operations in the West Witwatersrand region, and the Beatrix Operation in the southern Free State province. In addition to mining, the company owns and manages extraction and processing facilities at its operations, where gold-bearing ore is treated and beneficiated to produce gold dore. The gold dore is further refined at Rand Refinery into gold bars with a purity of at least 99.5% and is then sold on international markets. Sibanye holds a 44% interest in Rand Refinery, global refiners of gold, and the largest in Africa. Rand Refinery markets gold to customers around the world.