Econet Wireless Zimbabwe (XZIM:ECO.ZW) Inventory Turnover : 18.16 (As of Aug. 2023)

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What is Econet Wireless Zimbabwe 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. Econet Wireless Zimbabwe's Cost of Goods Sold for the six months ended in Aug. 2023 was ZWL341,953 Mil. Econet Wireless Zimbabwe's Average Total Inventories for the quarter that ended in Aug. 2023 was ZWL18,826 Mil. Econet Wireless Zimbabwe's Inventory Turnover for the quarter that ended in Aug. 2023 was 18.16.

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 six months ended in Aug. 2023 was 10.05.

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 quarter that ended in Aug. 2023 was 0.02.

Econet Wireless Zimbabwe Inventory Turnover Historical Data

The historical data trend for Econet Wireless Zimbabwe'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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Econet Wireless Zimbabwe Inventory Turnover Chart

Econet Wireless Zimbabwe Annual Data

Trend

Feb09

Feb11

Feb12

Feb19

Feb20

Feb21

Feb22

Feb23

Inventory Turnover

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0.58

14.68

8.12

13.50

13.77

Econet Wireless Zimbabwe Semi-Annual Data
	Feb11	Aug11	Feb12	Aug12	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Inventory Turnover	Get a 7-Day Free Trial										16.36	9.22	10.00	0.18	18.16

Econet Wireless Zimbabwe Inventory Turnover Calculation

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

	Inventory Turnover (A: Feb. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2023 )	/ (	(Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )
=	121222.182	/ (	(9911.642	+	7691.109)	/	2 )
=	121222.182	/	8801.3755
=	13.77

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

	Inventory Turnover (Q: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2023 )	/ (	(Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )
=	341953	/ (	(7691.109	+	29960)	/	2 )
=	341953	/	18825.5545
=	18.16

Econet Wireless Zimbabwe (XZIM:ECO.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.

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

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

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 quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2023 )	/	Revenue (Q: Aug. 2023 )
	=	18825.5545	/	1099652
	=	0.02

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.

Econet Wireless Zimbabwe Inventory Turnover Related Terms

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

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Econet Wireless Zimbabwe Ltd (XZIM:ECO.ZW) » Definitions » Inventory Turnover

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Address

2 Old Mutare Road, Econet Park, Msasa, Harare, ZWE

Website

http://www.econet.co.zw

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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