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First Mutual Properties (XZIM:FMP.ZW) Days Inventory : 0.54 (As of Jun. 2023)


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What is First Mutual Properties Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). First Mutual Properties's Average Total Inventories for the six months ended in Jun. 2023 was ZWL16 Mil. First Mutual Properties's Cost of Goods Sold for the six months ended in Jun. 2023 was ZWL5,372 Mil. Hence, First Mutual Properties's Days Inventory for the six months ended in Jun. 2023 was 0.54.

The historical rank and industry rank for First Mutual Properties's Days Inventory or its related term are showing as below:

XZIM:FMP.ZW' s Days Inventory Range Over the Past 10 Years
Min: 0.49   Med: 3.35   Max: 684.13
Current: 0.8

During the past 7 years, First Mutual Properties's highest Days Inventory was 684.13. The lowest was 0.49. And the median was 3.35.

XZIM:FMP.ZW's Days Inventory is not ranked
in the Real Estate industry.
Industry Median: 694.58 vs XZIM:FMP.ZW: 0.80

First Mutual Properties's Days Inventory increased from Jun. 2022 (0.07) to Jun. 2023 (0.54). It might indicate that First Mutual Properties's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. First Mutual Properties's Inventory Turnover for the six months ended in Jun. 2023 was 336.44.

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. First Mutual Properties's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.00.


First Mutual Properties Days Inventory Historical Data

The historical data trend for First Mutual Properties'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.

First Mutual Properties Days Inventory Chart

First Mutual Properties Annual Data
Trend Dec11 Dec12 Dec18 Dec19 Dec20 Dec21 Dec22
Days Inventory
Get a 7-Day Free Trial 684.13 3.13 3.35 0.49 1.11

First Mutual Properties Semi-Annual Data
Jun09 Jun11 Dec11 Jun12 Dec12 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 0.48 0.25 0.07 - 0.54

Competitive Comparison of First Mutual Properties's Days Inventory

For the Real Estate Services subindustry, First Mutual Properties'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.


First Mutual Properties's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, First Mutual Properties's Days Inventory distribution charts can be found below:

* The bar in red indicates where First Mutual Properties's Days Inventory falls into.



First Mutual Properties Days Inventory Calculation

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

First Mutual Properties's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (1.653 + 9.507) / 2 ) / 1842.422*365
=5.58 / 1842.422*365
=1.11

First Mutual Properties's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

Days Inventory (Q: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (9.507 + 22.425) / 2 ) / 5371.523*365 / 2
=15.966 / 5371.523*365 / 2
=0.54

* 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.


First Mutual Properties  (XZIM:FMP.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.

First Mutual Properties's Inventory Turnover for the six months ended in Jun. 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.

First Mutual Properties's Inventory to Revenue for the six months ended in Jun. 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.


First Mutual Properties Days Inventory Related Terms

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


First Mutual Properties (XZIM:FMP.ZW) Business Description

Traded in Other Exchanges
N/A
Address
100 Borrowdale Road, First Floor, First Mutual Park, Borrowdale, Harare, ZWE
First Mutual Properties Ltd is principally engaged in property investment, development, and management. The segments of the company include office, retail and industrial properties. The office segment acquires, develops and leases office in the central business district and office parks. Office comprise the high rise central business district buildings and office parks in Zimbabwe. The retail segment acquires, develops and leases shops, and the industrial segment comprises properties situated in designated industrial areas of Zimbabwe. The industrial segment comprises properties situated in designated industrial areas of Zimbabwe.

First Mutual Properties (XZIM:FMP.ZW) Headlines

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