RioZim (XZIM:RIOZ.ZW) Days Sales Outstanding : 75.59 (As of Jun. 2023)

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What is RioZim Days Sales Outstanding?

RioZim's average Accounts Receivable for the six months ended in Jun. 2023 was ZWL20,693 Mil. RioZim's Revenue for the six months ended in Jun. 2023 was ZWL49,958 Mil. Hence, RioZim's Days Sales Outstanding for the six months ended in Jun. 2023 was 75.59.

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

XZIM:RIOZ.ZW' s Days Sales Outstanding Range Over the Past 10 Years
Min: 8.28 Med: 24.05 Max: 102.98
Current: 82.74

During the past 8 years, RioZim's highest Days Sales Outstanding was 102.98. The lowest was 8.28. And the median was 24.05.

XZIM:RIOZ.ZW's Days Sales Outstanding is ranked worse than
69.41% of 791 companies
in the Metals & Mining industry
Industry Median: 42.39 vs XZIM:RIOZ.ZW: 82.74

RioZim's Days Sales Outstanding increased from Jun. 2022 (66.00) to Jun. 2023 (75.59).

RioZim Days Sales Outstanding Historical Data

The historical data trend for RioZim's Days Sales Outstanding 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 Sales Outstanding Chart

RioZim Annual Data

Trend

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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24.05

17.23

26.18

15.17

8.28

RioZim Semi-Annual Data
	Dec09	Dec11	Dec12	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Sales Outstanding	Get a 7-Day Free Trial									53.24	35.20	66.00	24.30	75.59

Competitive Comparison of RioZim's Days Sales Outstanding

For the Gold subindustry, RioZim's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Sales Outstanding Distribution in the Metals & Mining Industry

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

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

RioZim Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

RioZim's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (78.677	+	856.033)	/	2 )	/	20595.816	*	365
=	467.355					/	20595.816	*	365
=	8.28

RioZim's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (856.033	+	40529.003)	/	2 )	/	49958.251	*	365 / 2
=	20692.518					/	49958.251	*	365 / 2
=	75.59

RioZim (XZIM:RIOZ.ZW) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

RioZim Days Sales Outstanding Related Terms

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RioZim (XZIM:RIOZ.ZW) Business Description

Industry

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

Traded in Other Exchanges

N/A

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. 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 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, Dalny Mine based in Chakari, the Cam and Motor gold and Empress Nickel Refinery mine in Kadoma.

RioZim (XZIM:RIOZ.ZW) Headlines

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