African Distillers (XZIM:AFDS.ZW) Total Inventories : ZWL59,349 Mil (As of Sep. 2023)

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What is African Distillers Total Inventories?

African Distillers's total inventories for the quarter that ended in Sep. 2023 was ZWL59,349 Mil. African Distillers's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was ZWL35,256 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. African Distillers's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ZWL-23.55.

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 Sep. 2023 was 98.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. African Distillers's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.86.

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 Sep. 2023 was 0.26.

African Distillers Total Inventories Historical Data

The historical data trend for African Distillers's Total Inventories 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 Total Inventories Chart

African Distillers Annual Data

Trend

Jun09

Jun11

Jun12

Jun18

Jun19

Jun20

Mar22

Mar23

Total Inventories

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5.32

300.18

725.74

1,643.38

11,162.67

African Distillers Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial										883.38	1,643.38	5,925.36	11,162.67	59,348.94

African Distillers Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

African Distillers (XZIM:AFDS.ZW) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

African Distillers's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5310.002	+	0.75 * 30623.023	+	0.5 * 59348.94	-	60744.345
-	0	-	0)	/	118.565
=	-23.55

2. 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 Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	35255.807	/	65545.437	*	365 / 2
	=	98.16

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

African Distillers's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	65545.437	/	35255.807
	=	1.86

4. 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 Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	35255.807	/	134000.584
	=	0.26

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

African Distillers Total Inventories Related Terms

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African Distillers (XZIM:AFDS.ZW) Business Description

Industry

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

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Address

22 km peg Lomagundi Road, Stapleford, Westgate, 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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