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Edgars Stores (XZIM:EDGR.ZW) Days Inventory : 200.20 (As of Jun. 2023)


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What is Edgars Stores Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Edgars Stores's Average Total Inventories for the six months ended in Jun. 2023 was $24.18 Mil. Edgars Stores's Cost of Goods Sold for the six months ended in Jun. 2023 was $22.04 Mil. Hence, Edgars Stores's Days Inventory for the six months ended in Jun. 2023 was 200.20.

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

XZIM:EDGR.ZW' s Days Inventory Range Over the Past 10 Years
Min: 63.15   Med: 142.58   Max: 1567.44
Current: 228.39

During the past 8 years, Edgars Stores's highest Days Inventory was 1567.44. The lowest was 63.15. And the median was 142.58.

XZIM:EDGR.ZW's Days Inventory is ranked worse than
81.93% of 1068 companies
in the Retail - Cyclical industry
Industry Median: 110.605 vs XZIM:EDGR.ZW: 228.39

Edgars Stores's Days Inventory increased from Jun. 2022 (108.88) to Jun. 2023 (200.20). It might indicate that Edgars Stores's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Edgars Stores's Inventory Turnover for the six months ended in Jun. 2023 was 0.91.

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 six months ended in Jun. 2023 was 0.24.


Edgars Stores Days Inventory Historical Data

The historical data trend for Edgars Stores'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.

* Premium members only.

Edgars Stores Days Inventory Chart

Edgars Stores Annual Data
Trend Dec09 Dec11 Dec12 Dec18 Dec19 Dec20 Dec21 Dec22
Days Inventory
Get a 7-Day Free Trial 1,567.44 163.50 184.09 142.58 135.90

Edgars Stores Semi-Annual Data
Jun11 Dec11 Jun12 Dec12 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 87.80 93.61 108.88 211.79 200.20

Competitive Comparison of Edgars Stores's Days Inventory

For the Apparel Retail subindustry, Edgars Stores'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.


Edgars Stores's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Edgars Stores's Days Inventory distribution charts can be found below:

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



Edgars Stores Days Inventory Calculation

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 fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (19.503 + 12.607) / 2 ) / 43.119*365
=16.055 / 43.119*365
=135.90

Edgars Stores's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

Days Inventory (Q: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (12.607 + 35.746) / 2 ) / 22.039*365 / 2
=24.1765 / 22.039*365 / 2
=200.20

* 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.


Edgars Stores  (XZIM:EDGR.ZW) 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.

Edgars Stores's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

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 six months ended in Jun. 2023 is calculated as

* 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.


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.


Edgars Stores Days Inventory Related Terms

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


Edgars Stores (XZIM:EDGR.ZW) Business Description

Traded in Other Exchanges
N/A
Address
Cnr Ninth Avenue / Herbert Chitepo Street, P.O. Box 894, Bulawayo, ZWE
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, and Financial Services. The majority of the revenue is generated from the retail sales of its products. Its operations are spread across Zimbabwe.

Edgars Stores (XZIM:EDGR.ZW) Headlines

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