Dairibord Holdings (XZIM:DZL.ZW) Inventory Turnover : 6.06 (As of Dec. 2022)

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What is Dairibord Holdings 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. Dairibord Holdings's Cost of Goods Sold for the six months ended in Dec. 2022 was ZWL38,272 Mil. Dairibord Holdings's Average Total Inventories for the quarter that ended in Dec. 2022 was ZWL6,320 Mil. Dairibord Holdings's Inventory Turnover for the quarter that ended in Dec. 2022 was 6.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dairibord Holdings's Days Inventory for the six months ended in Dec. 2022 was 30.14.

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. Dairibord Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.14.

Dairibord Holdings Inventory Turnover Historical Data

The historical data trend for Dairibord Holdings'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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Dairibord Holdings Inventory Turnover Chart

Dairibord Holdings Annual Data

Trend

Dec08

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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0.19

9.46

8.39

11.15

7.32

Dairibord Holdings Semi-Annual Data
	Dec09	Jun11	Dec11	Jun12	Dec12	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Inventory Turnover	Get a 7-Day Free Trial										7.55	10.53	8.31	2.78	6.06

Dairibord Holdings Inventory Turnover Calculation

Dairibord Holdings'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 )
=	51155.822	/ (	(5303.287	+	8664.516)	/	2 )
=	51155.822	/	6983.9015
=	7.32

Dairibord Holdings's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	38271.767	/ (	(3976.396	+	8664.516)	/	2 )
=	38271.767	/	6320.456
=	6.06

Dairibord Holdings (XZIM:DZL.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.

Dairibord Holdings's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	6320.456	/	38271.767	*	365 / 2
	=	30.14

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.

Dairibord Holdings's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	6320.456	/	46254.726
	=	0.14

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.

Dairibord Holdings Inventory Turnover Related Terms

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Dairibord Holdings (XZIM:DZL.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dairibord Holdings Ltd (XZIM:DZL.ZW) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

1225 Rekayi Tangwena Avenue, Belvedere, P.O. Box 587, Harare, ZWE

Website

https://www.dairibord.com

Dairibord Holdings Ltd manufactures, processes, markets, and distributes milk products, foods, and beverages in Zimbabwe. It operates through Manufacturing and Distribution (Zimbabwe), Corporate, and Properties segments. The company generates maximum revenue from the Manufacturing and Distribution segment. It offers various products, including liquid milk products, such as short and long shelf life, cultured, and cream milk products; food products comprising yoghurts, ice creams, cheese, ice cream cone shells, condiments, spreads, sauces, butter, and ghee; and beverages, which include cordials, ready to drink dairy and non-dairy beverages, teas, mineral water, juices, and drinking chocolate.

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