Unifreight Africa (XZIM:UNIF.ZW) Inventory Turnover : 11.25 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Unifreight Africa 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. Unifreight Africa's Cost of Goods Sold for the six months ended in Dec. 2023 was ZWG424.5 Mil. Unifreight Africa's Average Total Inventories for the quarter that ended in Dec. 2023 was ZWG37.7 Mil. Unifreight Africa's Inventory Turnover for the quarter that ended in Dec. 2023 was 11.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Unifreight Africa's Days Inventory for the six months ended in Dec. 2023 was 16.22.

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. Unifreight Africa's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

Unifreight Africa Inventory Turnover Historical Data

The historical data trend for Unifreight Africa'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.

* Premium members only.

Unifreight Africa Inventory Turnover Chart

Unifreight Africa Annual Data

Trend

Dec09

Dec11

Dec12

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

6.60

8.90

5.15

16.63

11.25

Unifreight Africa Semi-Annual Data
	Dec09	Dec11	Dec12	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Inventory Turnover	Get a 7-Day Free Trial				6.60	8.90	5.15	16.63	11.25

Unifreight Africa Inventory Turnover Calculation

Unifreight Africa's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	424.528	/ (	(10.403	+	65.045)	/	2 )
=	424.528	/	37.724
=	11.25

Unifreight Africa's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	424.528	/ (	(10.403	+	65.045)	/	2 )
=	424.528	/	37.724
=	11.25

Unifreight Africa (XZIM:UNIF.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.

Unifreight Africa's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	37.724	/	424.528	*	365 / 2
	=	16.22

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.

Unifreight Africa's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	37.724	/	625.649
	=	0.06

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.

Unifreight Africa Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Unifreight Africa's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Unifreight Africa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Unifreight Africa Ltd (XZIM:UNIF.ZW) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corner Orme/Willow Roads, Southerton, Harare, ZWE

Website

https://www.unifreight.co.zw

Unifreight Africa Ltd is a Zimbabwe-based transport company. It is involved in the road transport industry whose main activities include inter-city freight consolidations, the distribution of general goods, and a courier service. The company's brands include Swift Transport, Bulwark Transport, and SkyNet Worldwide Express. Its operating divisions include Transport and Courier; Dedicated and Specialised and International distribution logistics. It operates in two segments namely Transport and Logistics solution and Investment property. The company generates maximum revenue from Transport and Logistics segment. Geographically, it derives revenue from Zimbabwe.

Unifreight Africa Headlines

No Headlines