RioZim (XZIM:RIOZ.ZW) Days Inventory : 96.81 (As of Dec. 2024)

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What is RioZim Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). RioZim's Average Total Inventories for the six months ended in Dec. 2024 was ZWG195.4 Mil. RioZim's Cost of Goods Sold for the six months ended in Dec. 2024 was ZWG368.3 Mil. Hence, RioZim's Days Inventory for the six months ended in Dec. 2024 was 96.81.

The historical rank and industry rank for RioZim's Days Inventory or its related term are showing as below:

XZIM:RIOZ.ZW' s Days Inventory Range Over the Past 10 Years
Min: 93.6 Med: 216.14 Max: 45939.44
Current: 12728.41

During the past 10 years, RioZim's highest Days Inventory was 45939.44. The lowest was 93.60. And the median was 216.14.

XZIM:RIOZ.ZW's Days Inventory is ranked worse than
99.54% of 656 companies
in the Metals & Mining industry
Industry Median: 86.04 vs XZIM:RIOZ.ZW: 12728.41

RioZim's Days Inventory declined from Dec. 2023 (31,799.11) to Dec. 2024 (96.81).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. RioZim's Inventory Turnover for the six months ended in Dec. 2024 was 1.89.

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. RioZim's Inventory-to-Revenue for the six months ended in Dec. 2024 was 1.01.

RioZim Days Inventory Historical Data

The historical data trend for RioZim's Days Inventory 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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RioZim Days Inventory Chart

RioZim Annual Data

Trend

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

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153.41

93.60

102.88

18,541.11

19,049.54

RioZim Semi-Annual Data
	Dec09	Dec11	Dec12	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Inventory	Get a 7-Day Free Trial												90.84	23,742.03	31,799.11	22,086.50	96.81

Competitive Comparison of RioZim's Days Inventory

For the Gold subindustry, RioZim's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

RioZim's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, RioZim's Days Inventory distribution charts can be found below:

* The bar in red indicates where RioZim's Days Inventory falls into.

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RioZim Days Inventory Calculation

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

RioZim's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

	Days Inventory (A: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (67292.329	+	238.042)	/	2 )	/	646.96	*	365
=	33765.1855					/	646.96	*	365
=	19,049.54

RioZim's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (152.707	+	238.042)	/	2 )	/	368.312	*	365 / 2
=	195.3745					/	368.312	*	365 / 2
=	96.81

RioZim (XZIM:RIOZ.ZW) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

RioZim's Inventory Turnover for the six months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	368.312	/	195.3745
	=	1.89

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.

RioZim's Inventory to Revenue for the six months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	195.3745	/	192.983
	=	1.01

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

RioZim Days Inventory Related Terms

Thank you for viewing the detailed overview of RioZim's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

RioZim Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » RioZim Ltd (XZIM:RIOZ.ZW) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

No.1 Kenilworth Road, Highlands, Harare, ZWE

Website

https://www.riozim.co.zw

RioZim Ltd together with its subsidiaries engages in mining and metallurgical operations. The company's operating segments include Gold and Base Metals. The gold segment develops and mines gold that is ultimately sold as gold bullion. It generates maximum revenue from the Gold. Geographically, it derives a majority of its revenue from Zimbabwe. All the group's operations are located in Zimbabwe and situated in two geographic locations, Masvingo Province and Mashonaland West Province. The company is engaged in the operation of the Renco Goldmine in the south-east of Zimbabwe, the Dalny Mine based in Chakari, the Cam and Motor gold and the Empress Nickel Refinery mine in Kadoma.

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