Tanganda Tea Co (XZIM:TANGANDA) Days Inventory : 262.39 (As of Mar. 2024)

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What is Tanganda Tea Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tanganda Tea Co's Average Total Inventories for the six months ended in Mar. 2024 was ZWG289.9 Mil. Tanganda Tea Co's Cost of Goods Sold for the six months ended in Mar. 2024 was ZWG201.7 Mil. Hence, Tanganda Tea Co's Days Inventory for the six months ended in Mar. 2024 was 262.39.

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

XZIM:TANGANDA' s Days Inventory Range Over the Past 10 Years
Min: 0 Med: 0 Max: 524.77
Current: 524.77

During the past 0 years, Tanganda Tea Co's highest Days Inventory was 524.77. The lowest was 0.00. And the median was 0.00.

XZIM:TANGANDA's Days Inventory is ranked worse than
97.14% of 1818 companies
in the Consumer Packaged Goods industry
Industry Median: 82.085 vs XZIM:TANGANDA: 524.77

Tanganda Tea Co's Days Inventory increased from . 20 (0.00) to Mar. 2024 (262.39). It might indicate that Tanganda Tea Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tanganda Tea Co's Inventory Turnover for the six months ended in Mar. 2024 was 0.70.

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. Tanganda Tea Co's Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.97.

Tanganda Tea Co Days Inventory Historical Data

The historical data trend for Tanganda Tea Co'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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Tanganda Tea Co Days Inventory Chart

Tanganda Tea Co Annual Data

Trend

Days Inventory

Tanganda Tea Co Semi-Annual Data
	Mar23	Mar24
Days Inventory	-	262.39

Competitive Comparison of Tanganda Tea Co's Days Inventory

For the Farm Products subindustry, Tanganda Tea Co'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.

Tanganda Tea Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tanganda Tea Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tanganda Tea Co's Days Inventory falls into.

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Tanganda Tea Co Days Inventory Calculation

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

Tanganda Tea Co's Days Inventory for the fiscal year that ended in . 20 is calculated as

	Days Inventory (A: . 20 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: . 20 )	+	Total Inventories (A: . 20 ))	/	count )	/	Cost of Goods Sold (A: . 20 )	*	Days in Period
=	( (	+	)	/	1 )	/		*	365
=	0					/		*	365
=	N/A

Tanganda Tea Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	289.937)	/	1 )	/	201.662	*	365 / 2
=	289.937					/	201.662	*	365 / 2
=	262.39

Tanganda Tea Co (XZIM:TANGANDA) 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.

Tanganda Tea Co's Inventory Turnover for the six months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	201.662	/	289.937
	=	0.70

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.

Tanganda Tea Co's Inventory to Revenue for the six months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	289.937	/	298.021
	=	0.97

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.

Tanganda Tea Co Days Inventory Related Terms

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

Tanganda Tea Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tanganda Tea Co Ltd (XZIM:TANGANDA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

194 Mutare Road, P.O. Box 10078, Msasa, Harare, ZWE

Website

https://www.tangandatea.com

Tanganda Tea Co Ltd is a producer, packer, and distributor of tea in Zimbabwe. The company has also developed the hectarage of macadamia nuts and avocados. It also engaged in producing coffee and bottled spring water. The company is organized into two operating segments: Agriculture and Beverage. It generates the majority of its revenue from the Agriculture segment.

Tanganda Tea Co Headlines

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