Zeda (STU:LJ0) Days Inventory : 52.59 (As of Sep. 2024)

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What is Zeda Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zeda's Average Total Inventories for the six months ended in Sep. 2024 was €46.5 Mil. Zeda's Cost of Goods Sold for the six months ended in Sep. 2024 was €161.4 Mil. Hence, Zeda's Days Inventory for the six months ended in Sep. 2024 was 52.59.

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

STU:LJ0' s Days Inventory Range Over the Past 10 Years
Min: 25.79 Med: 30.6 Max: 46.55
Current: 46.55

During the past 6 years, Zeda's highest Days Inventory was 46.55. The lowest was 25.79. And the median was 30.60.

STU:LJ0's Days Inventory is ranked worse than
58.28% of 676 companies
in the Business Services industry
Industry Median: 30.87 vs STU:LJ0: 46.55

Zeda's Days Inventory increased from Sep. 2023 (43.57) to Sep. 2024 (52.59). It might indicate that Zeda's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zeda's Inventory Turnover for the six months ended in Sep. 2024 was 3.47.

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. Zeda's Inventory-to-Revenue for the six months ended in Sep. 2024 was 0.17.

Zeda Days Inventory Historical Data

The historical data trend for Zeda'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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Zeda Days Inventory Chart

Zeda Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Days Inventory

Get a 7-Day Free Trial

31.98

27.82

31.09

39.69

43.50

Zeda Semi-Annual Data
	Sep19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Inventory	Get a 7-Day Free Trial					31.53	47.01	43.57	41.96	52.59

Competitive Comparison of Zeda's Days Inventory

For the Rental & Leasing Services subindustry, Zeda'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.

Zeda's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zeda's Days Inventory distribution charts can be found below:

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

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Zeda Days Inventory Calculation

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

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

	Days Inventory (A: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2023 )	+	Total Inventories (A: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2024 )	*	Days in Period
=	( (26.903	+	49.755)	/	2 )	/	321.59	*	365
=	38.329					/	321.59	*	365
=	43.50

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

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (43.289	+	49.755)	/	2 )	/	161.448	*	365 / 2
=	46.522					/	161.448	*	365 / 2
=	52.59

Zeda (STU:LJ0) 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.

Zeda's Inventory Turnover for the six months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	161.448	/	46.522
	=	3.47

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	46.522	/	266.229
	=	0.17

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.

Zeda Days Inventory Related Terms

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

Zeda Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zeda Ltd (STU:LJ0) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ZZD:South Africa LJ0:Germany

Address

2 Sysie Road, Croydon, Johannesburg, GT, ZAF, 1691

Website

https://www.zeda.co.za

Zeda Ltd operates in the car rental and full maintenance leasing industries. It offers integrated vehicle-based mobility solutions in Sub-Saharan Africa providing an integrated fleet leasing and car rental platform, with a full range of short-, medium- and long-term mobility solutions to a broad range of customers. It operates in two segments namely the Car rental business segment which provides short-term car rentals ranging from one day up to 12 months; and the Leasing Business segment which provides long-term fleet solutions longer than 12 months to corporate and public sector customers . The majority of revenue is derived from the car rental segment.

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