Bindura Nickel (XZIM:BIND.ZW) Change In Inventory : ZWL512 Mil (TTM As of Mar. 2023)

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What is Bindura Nickel Change In Inventory?

Bindura Nickel's change in inventory for the quarter that ended in Mar. 2023 was ZWL-682 Mil. It means Bindura Nickel's inventory increased by ZWL682 Mil from Sep. 2022 to Mar. 2023 .

Bindura Nickel's change in inventory for the fiscal year that ended in Mar. 2023 was ZWL512 Mil. It means Bindura Nickel's inventory declined by ZWL512 Mil from Mar. 2022 to Mar. 2023 .

Bindura Nickel's Total Inventories for the quarter that ended in Mar. 2023 was ZWL3,566 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bindura Nickel's Days Inventory for the quarter that ended in Mar. 2023 was 69.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. Bindura Nickel's Inventory Turnover for the quarter that ended in Mar. 2023 was 2.64.

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. Bindura Nickel's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.65.

Bindura Nickel Change In Inventory Historical Data

The historical data trend for Bindura Nickel's Change In 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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Bindura Nickel Change In Inventory Chart

Bindura Nickel Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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142.97

-553.84

213.16

-1,800.94

511.98

Bindura Nickel Semi-Annual Data
	Sep13	Sep14	Sep15	Sep16	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Change In Inventory	Get a 7-Day Free Trial								919.95	-507.79	-1,293.15	1,194.30	-682.32

Bindura Nickel Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ZWL512 Mil.

Bindura Nickel (XZIM:BIND.ZW) Change In Inventory Explanation

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

Bindura Nickel's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3548.113	/	9362.782	*	365 / 2
	=	69.16

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

Bindura Nickel's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9362.782	/	3548.113
	=	2.64

3. 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.

Bindura Nickel's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3548.113	/	5479.789
	=	0.65

Bindura Nickel Change In Inventory Related Terms

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Bindura Nickel (XZIM:BIND.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bindura Nickel Corp Ltd (XZIM:BIND.ZW) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

Trojan Mine Road, Trojan Nickel Mine, P.O Box 35, Bindura, ZWE

Website

https://www.binduranickel.co.zw

Bindura Nickel Corp Ltd is a mining company. It is engaged in the mining and extraction of nickel and its by-products (copper and cobalt). Its product is nickel in concentrate which contains nickel sulphide.

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