RioZim (XZIM:RIOZ.ZW) Inventory Turnover : 0.95 (As of Jun. 2023)

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What is RioZim 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. RioZim's Cost of Goods Sold for the six months ended in Jun. 2023 was ZWL41,664 Mil. RioZim's Average Total Inventories for the quarter that ended in Jun. 2023 was ZWL44,009 Mil. RioZim's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. RioZim's Days Inventory for the six months ended in Jun. 2023 was 192.77.

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 quarter that ended in Jun. 2023 was 0.88.

RioZim Inventory Turnover Historical Data

The historical data trend for RioZim'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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RioZim Inventory Turnover Chart

RioZim Annual Data

Trend

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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0.01

3.54

2.38

3.90

3.55

RioZim Semi-Annual Data
	Dec09	Dec11	Dec12	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial									1.73	2.05	1.32	2.01	0.95

RioZim Inventory Turnover Calculation

RioZim's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	19665.336	/ (	(1520.076	+	9565.62)	/	2 )
=	19665.336	/	5542.848
=	3.55

RioZim's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	41663.813	/ (	(9565.62	+	78452.12)	/	2 )
=	41663.813	/	44008.87
=	0.95

RioZim (XZIM:RIOZ.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.

RioZim's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	44008.87	/	41663.813	*	365 / 2
	=	192.77

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 quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	44008.87	/	49958.251
	=	0.88

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.

RioZim Inventory Turnover 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 » Inventory Turnover

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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