African Distillers (XZIM:AFDS.ZW) Inventory Turnover : 2.91 (As of Mar. 2024)

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What is African Distillers 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. African Distillers's Cost of Goods Sold for the six months ended in Mar. 2024 was ZWG873 Mil. African Distillers's Average Total Inventories for the quarter that ended in Mar. 2024 was ZWG300 Mil. African Distillers's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. African Distillers's Days Inventory for the six months ended in Mar. 2024 was 62.68.

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. African Distillers's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.22.

African Distillers Inventory Turnover Historical Data

The historical data trend for African Distillers'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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African Distillers Inventory Turnover Chart

African Distillers Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Mar23

Mar24

Inventory Turnover

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2.00

2.66

2.98

4.90

2.91

African Distillers Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Mar23	Mar24
Inventory Turnover	Get a 7-Day Free Trial							2.00	2.66	2.98	4.90	2.91

African Distillers Inventory Turnover Calculation

African Distillers's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	873.286	/ (	(0	+	299.914)	/	1 )
=	873.286	/	299.914
=	2.91

African Distillers's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	873.286	/ (	(0	+	299.914)	/	1 )
=	873.286	/	299.914
=	2.91

African Distillers (XZIM:AFDS.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.

African Distillers's Days Inventory for the six months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	299.914	/	873.286	*	365 / 2
	=	62.68

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.

African Distillers's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	299.914	/	1389.696
	=	0.22

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.

African Distillers Inventory Turnover Related Terms

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African Distillers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » African Distillers Ltd (XZIM:AFDS.ZW) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

St Marnock's, Stapleford, Harare, ZWE

Website

https://www.africandistillers.co.zw

African Distillers Ltd is engaged in the manufacturing, distribution, and marketing of branded spirits, ciders, and wines for the Zimbabwean market and for export. The company has six depots in Bulawayo, Harare, Kwekwe, Masvingo, Mutare and Victoria Falls. Brown spirits sales generate maximum revenue for the company. The product portfolio includes brown spirits, ciders, white spirits, still wines, liqueur, spirit coolers, fortified wines, sparkling wines, and sparkling juice.

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