TSL (XZIM:TSL.ZW) Inventory Turnover : 0.95 (As of Oct. 2024)

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What is TSL 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. TSL's Cost of Goods Sold for the six months ended in Oct. 2024 was ZWG148.7 Mil. TSL's Average Total Inventories for the quarter that ended in Oct. 2024 was ZWG156.5 Mil. TSL's Inventory Turnover for the quarter that ended in Oct. 2024 was 0.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TSL's Days Inventory for the six months ended in Oct. 2024 was 192.08.

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. TSL's Inventory-to-Revenue for the quarter that ended in Oct. 2024 was 0.34.

TSL Inventory Turnover Historical Data

The historical data trend for TSL'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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TSL Inventory Turnover Chart

TSL Annual Data

Trend

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct23

Oct24

Inventory Turnover

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1.35

2.10

1.93

0.85

2.32

TSL Semi-Annual Data
	Oct11	Apr12	Oct12	Apr13	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Apr23	Oct23	Apr24	Oct24
Inventory Turnover	Get a 7-Day Free Trial															-	0.32	-	0.59	0.95

TSL Inventory Turnover Calculation

TSL's Inventory Turnover for the fiscal year that ended in Oct. 2024 is calculated as

	Inventory Turnover (A: Oct. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2024 )	/ (	(Total Inventories (A: Oct. 2023 )	+	Total Inventories (A: Oct. 2024 ))	/	count )
=	266.223	/ (	(0	+	114.598)	/	1 )
=	266.223	/	114.598
=	2.32

TSL's Inventory Turnover for the quarter that ended in Oct. 2024 is calculated as

	Inventory Turnover (Q: Oct. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2024 )	/ (	(Total Inventories (Q: Apr. 2024 )	+	Total Inventories (Q: Oct. 2024 ))	/	count )
=	148.696	/ (	(198.404	+	114.598)	/	2 )
=	148.696	/	156.501
=	0.95

TSL (XZIM:TSL.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.

TSL's Days Inventory for the six months ended in Oct. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2024 )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
	=	156.501	/	148.696	*	365 / 2
	=	192.08

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.

TSL's Inventory to Revenue for the quarter that ended in Oct. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2024 )	/	Revenue (Q: Oct. 2024 )
	=	156.501	/	454.659
	=	0.34

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.

TSL Inventory Turnover Related Terms

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TSL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » TSL Ltd (XZIM:TSL.ZW) » Definitions » Inventory Turnover

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Address

28 Simon Mazorodze Road, Southerton, Harare, ZWE

Website

https://www.tsl.co.zw

TSL Ltd provides agricultural inputs (fertilizer, chemicals, and packaging), farming, end-to-end logistics solutions, commodity marketing platforms, and industrial real estate. It has four reportable segments namely, the Logistics cluster offers end-to-end logistics services including warehousing and storage facilities, inland terminal and port services, transport, vehicle rental, distribution, and customs clearing. The Agriculture cluster is involved in the auctioning, packaging, production, and retailing of agricultural commodities. The Real estate cluster is involved in the rental and development of industrial properties. The Services cluster provides group activities and shared services in finance and treasury, human resources, procurement, and information technology.

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