BridgeFort Capital (XZIM:BFCA.ZW) Inventory Turnover : -4.68 (As of Dec. 2021)

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What is BridgeFort Capital 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. BridgeFort Capital's Cost of Goods Sold for the six months ended in Dec. 2021 was ZWL-473.94 Mil. BridgeFort Capital's Average Total Inventories for the quarter that ended in Dec. 2021 was ZWL101.29 Mil. BridgeFort Capital's Inventory Turnover for the quarter that ended in Dec. 2021 was -4.68.

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

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.

BridgeFort Capital Inventory Turnover Historical Data

The historical data trend for BridgeFort Capital'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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BridgeFort Capital Inventory Turnover Chart

BridgeFort Capital Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

Inventory Turnover

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3.89

3.40

4.34

-1.47

BridgeFort Capital Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Jun20	Dec20	Jun21	Dec21	Dec22
Inventory Turnover	Get a 7-Day Free Trial				99.38	1.48	1.57	-4.68	-

BridgeFort Capital Inventory Turnover Calculation

BridgeFort Capital's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

BridgeFort Capital's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

	Inventory Turnover (Q: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2021 )	/ (	(Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Dec. 2021 ))	/	count )
=	-473.94	/ (	(101.285	+	0)	/	1 )
=	-473.94	/	101.285
=	-4.68

BridgeFort Capital (XZIM:BFCA.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.

BridgeFort Capital's Days Inventory for the six months ended in Dec. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2021 )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
	=	101.285	/	-473.94	*	365 / 2
	=

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.

BridgeFort Capital's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2021 )	/	Revenue (Q: Dec. 2021 )
	=	101.285	/	-268.005
	=

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.

BridgeFort Capital Inventory Turnover Related Terms

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BridgeFort Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » BridgeFort Capital Ltd (XZIM:BFCA.ZW) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Bernard Avenue, Rolf Valley, Harare, ZWE

Website

https://bridgefortcapital.com

BridgeFort Capital Ltd is a Zimbabwe-based company engaged in the healthcare sector. The company manufactures, markets, and distributes health, hygiene, beauty, and pharmaceutical products. In addition, the group also manufactures and distributes petroleum jelly and glycerine. The group's operating segments are Fast Moving Consumer Goods (FMCG), Medical, and Manufacturing, of which the majority of the revenue is derived from the FMCG segment. The FMCG segment distributes products manufactured by the Manufacturing segment and also trades in other personal care products, toiletries, and other fast-moving consumer goods.

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