Edgars Stores (XZIM:EDGR.ZW) Inventory Turnover : 1.33 (As of Dec. 2024)

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What is Edgars Stores 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. Edgars Stores's Cost of Goods Sold for the six months ended in Dec. 2024 was $8.59 Mil. Edgars Stores's Average Total Inventories for the quarter that ended in Dec. 2024 was $6.47 Mil. Edgars Stores's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Edgars Stores's Days Inventory for the six months ended in Dec. 2024 was 137.47.

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. Edgars Stores's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.37.

Edgars Stores Inventory Turnover Historical Data

The historical data trend for Edgars Stores'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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Edgars Stores Inventory Turnover Chart

Edgars Stores Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec23

Dec24

Inventory Turnover

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2.37

2.80

2.73

1.40

2.21

Edgars Stores Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.10	0.21	1.18	0.82	1.33

Edgars Stores Inventory Turnover Calculation

Edgars Stores's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	14.726	/ (	(7.665	+	5.691)	/	2 )
=	14.726	/	6.678
=	2.21

Edgars Stores's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	8.586	/ (	(7.244	+	5.691)	/	2 )
=	8.586	/	6.4675
=	1.33

Edgars Stores (XZIM:EDGR.ZW) 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.

Edgars Stores's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	6.4675	/	8.586	*	365 / 2
	=	137.47

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.

Edgars Stores's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	6.4675	/	17.551
	=	0.37

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.

Edgars Stores Inventory Turnover Related Terms

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Edgars Stores Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Edgars Stores Ltd (XZIM:EDGR.ZW) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

77 Jason Moyo Avenue, ZB Life Towers 15th Floor, corner Sam Nujoma & Speke Avenue, Harare, ZWE

Website

https://www.edgars.co.zw

Edgars Stores Ltd retails clothing, footwear, textiles, and accessories in Zimbabwe. The company also manufactures and sells a range of denim, as well as ladies', children's, and gents' casual wear to other retailers. The company has classified its products and services into six operating segments namely Retailing, Edgars, Jet, Manufacturing, Micro Finance Club points, and Financial Services. The majority of the revenue is generated from Edgars. Its operations are spread across Zimbabwe.

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