Zimplats Holdings (ASX:ZIM) Days Inventory : 66.02 (As of Dec. 2023)

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What is Zimplats Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zimplats Holdings's Average Total Inventories for the six months ended in Dec. 2023 was A$185 Mil. Zimplats Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was A$511 Mil. Hence, Zimplats Holdings's Days Inventory for the six months ended in Dec. 2023 was 66.02.

The historical rank and industry rank for Zimplats Holdings's Days Inventory or its related term are showing as below:

ASX:ZIM' s Days Inventory Range Over the Past 10 Years
Min: 54.94 Med: 72.53 Max: 93.87
Current: 80.71

During the past 13 years, Zimplats Holdings's highest Days Inventory was 93.87. The lowest was 54.94. And the median was 72.53.

ASX:ZIM's Days Inventory is ranked better than
54.85% of 660 companies
in the Metals & Mining industry
Industry Median: 88.655 vs ASX:ZIM: 80.71

Zimplats Holdings's Days Inventory declined from Dec. 2022 (66.07) to Dec. 2023 (66.02).

Inventory Turnover measures how fast the company turns over its inventory within a year. Zimplats Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 2.76.

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. Zimplats Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.33.

Zimplats Holdings Days Inventory Historical Data

The historical data trend for Zimplats Holdings'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.

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Zimplats Holdings Days Inventory Chart

Zimplats Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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54.94

68.84

93.56

82.13

73.92

Zimplats Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															73.48	96.38	66.07	101.55	66.02

Competitive Comparison of Zimplats Holdings's Days Inventory

For the Other Precious Metals & Mining subindustry, Zimplats Holdings'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.

Zimplats Holdings's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Zimplats Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Zimplats Holdings's Days Inventory falls into.

Zimplats Holdings Days Inventory Calculation

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

Zimplats Holdings's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (144.713	+	182.903)	/	2 )	/	808.872	*	365
=	163.808					/	808.872	*	365
=	73.92

Zimplats Holdings's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (182.903	+	186.743)	/	2 )	/	510.9	*	365 / 2
=	184.823					/	510.9	*	365 / 2
=	66.02

Zimplats Holdings (ASX:ZIM) 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.

Zimplats Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	510.9	/	184.823
	=	2.76

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.

Zimplats Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	184.823	/	556.909
	=	0.33

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.

Zimplats Holdings Days Inventory Related Terms

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Zimplats Holdings (ASX:ZIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zimplats Holdings Ltd (ASX:ZIM) » Definitions » Days Inventory

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Traded in Other Exchanges

ZMPLF:USA

Address

1st and 2nd Floors, Elizabeth House, Les Ruettes Brayes, Saint Peter Port, GGY, GY1 1EW

Website

https://www.zimplats.com

Zimplats Holdings Ltd is engaged in the production of the platinum group and associated metals such as platinum, palladium, rhodium, iridium, ruthenium, osmium, and other associated metals (nickel, gold, copper, cobalt, and silver) from the Great Dyke in Zimbabwe. The Group operates as a vertically integrated mining concern and is managed as a single segment. The Group's operations are based in one geographical location, Zimbabwe.