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Econet Wireless Zimbabwe (XZIM:ECO.ZW) Days Inventory : 10.05 (As of Aug. 2023)


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What is Econet Wireless Zimbabwe Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Econet Wireless Zimbabwe's Average Total Inventories for the six months ended in Aug. 2023 was ZWL18,826 Mil. Econet Wireless Zimbabwe's Cost of Goods Sold for the six months ended in Aug. 2023 was ZWL341,953 Mil. Hence, Econet Wireless Zimbabwe's Days Inventory for the six months ended in Aug. 2023 was 10.05.

The historical rank and industry rank for Econet Wireless Zimbabwe's Days Inventory or its related term are showing as below:

XZIM:ECO.ZW' s Days Inventory Range Over the Past 10 Years
Min: 18.25   Med: 27.03   Max: 633.8
Current: 18.25

During the past 8 years, Econet Wireless Zimbabwe's highest Days Inventory was 633.80. The lowest was 18.25. And the median was 27.03.

XZIM:ECO.ZW's Days Inventory is ranked better than
52.03% of 296 companies
in the Telecommunication Services industry
Industry Median: 19.375 vs XZIM:ECO.ZW: 18.25

Econet Wireless Zimbabwe's Days Inventory declined from Aug. 2022 (18.25) to Aug. 2023 (10.05).

Inventory Turnover measures how fast the company turns over its inventory within a year. Econet Wireless Zimbabwe's Inventory Turnover for the six months ended in Aug. 2023 was 18.16.

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. Econet Wireless Zimbabwe's Inventory-to-Revenue for the six months ended in Aug. 2023 was 0.02.


Econet Wireless Zimbabwe Days Inventory Historical Data

The historical data trend for Econet Wireless Zimbabwe's Days Inventory 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.

Econet Wireless Zimbabwe Days Inventory Chart

Econet Wireless Zimbabwe Annual Data
Trend Feb09 Feb11 Feb12 Feb19 Feb20 Feb21 Feb22 Feb23
Days Inventory
Get a 7-Day Free Trial 633.80 24.86 44.97 27.03 26.50

Econet Wireless Zimbabwe Semi-Annual Data
Feb11 Aug11 Feb12 Aug12 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.15 19.79 18.25 996.29 10.05

Competitive Comparison of Econet Wireless Zimbabwe's Days Inventory

For the Telecom Services subindustry, Econet Wireless Zimbabwe's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Econet Wireless Zimbabwe's Days Inventory Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Econet Wireless Zimbabwe's Days Inventory distribution charts can be found below:

* The bar in red indicates where Econet Wireless Zimbabwe's Days Inventory falls into.



Econet Wireless Zimbabwe Days Inventory Calculation

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

Econet Wireless Zimbabwe's Days Inventory for the fiscal year that ended in Feb. 2023 is calculated as

Days Inventory (A: Feb. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Feb. 2022 ) + Total Inventories (A: Feb. 2023 )) / count ) / Cost of Goods Sold (A: Feb. 2023 )*Days in Period
=( (9911.642 + 7691.109) / 2 ) / 121222.182*365
=8801.3755 / 121222.182*365
=26.50

Econet Wireless Zimbabwe's Days Inventory for the quarter that ended in Aug. 2023 is calculated as:

Days Inventory (Q: Aug. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Feb. 2023 ) + Total Inventories (Q: Aug. 2023 )) / count ) / Cost of Goods Sold (Q: Aug. 2023 )*Days in Period
=( (7691.109 + 29960) / 2 ) / 341953*365 / 2
=18825.5545 / 341953*365 / 2
=10.05

* 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.


Econet Wireless Zimbabwe  (XZIM:ECO.ZW) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Econet Wireless Zimbabwe's Inventory Turnover for the six months ended in Aug. 2023 is calculated as

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.

Econet Wireless Zimbabwe's Inventory to Revenue for the six months ended in Aug. 2023 is calculated as

* 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Econet Wireless Zimbabwe Days Inventory Related Terms

Thank you for viewing the detailed overview of Econet Wireless Zimbabwe's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Econet Wireless Zimbabwe (XZIM:ECO.ZW) Business Description

Traded in Other Exchanges
N/A
Address
2 Old Mutare Road, Econet Park, Msasa, Harare, ZWE
Econet Wireless Zimbabwe Ltd is a holding company. It operates in the following segments: Cellular Network Operations, which provides cellular network services Investments & Administrations, which is the investment vehicle. The Cellular Network Operations generate maximum revenue for the company. Geographically the company offers its services only in the Zimbabwe region.

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