Rani Zim Shopping Centers (XTAE:RANI) Days Inventory : 2,171.95 (As of Dec. 2023)

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What is Rani Zim Shopping Centers Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Rani Zim Shopping Centers's Average Total Inventories for the three months ended in Dec. 2023 was ₪210.5 Mil. Rani Zim Shopping Centers's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪8.8 Mil. Hence, Rani Zim Shopping Centers's Days Inventory for the three months ended in Dec. 2023 was 2,171.95.

The historical rank and industry rank for Rani Zim Shopping Centers's Days Inventory or its related term are showing as below:

XTAE:RANI' s Days Inventory Range Over the Past 10 Years
Min: 226.5 Med: 869.85 Max: 2347.61
Current: 2026.3

During the past 8 years, Rani Zim Shopping Centers's highest Days Inventory was 2347.61. The lowest was 226.50. And the median was 869.85.

XTAE:RANI's Days Inventory is ranked worse than
79.35% of 1327 companies
in the Real Estate industry
Industry Median: 699.45 vs XTAE:RANI: 2026.30

Rani Zim Shopping Centers's Days Inventory increased from Dec. 2022 (959.59) to Dec. 2023 (2,171.95). It might indicate that Rani Zim Shopping Centers's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Rani Zim Shopping Centers's Inventory Turnover for the three months ended in Dec. 2023 was 0.04.

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. Rani Zim Shopping Centers's Inventory-to-Revenue for the three months ended in Dec. 2023 was 8.30.

Rani Zim Shopping Centers Days Inventory Historical Data

The historical data trend for Rani Zim Shopping Centers'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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Rani Zim Shopping Centers Days Inventory Chart

Rani Zim Shopping Centers Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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226.50

869.85

2,347.61

Rani Zim Shopping Centers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															959.59	1,953.55	1,746.68	1,858.38	2,171.95

Competitive Comparison of Rani Zim Shopping Centers's Days Inventory

For the Real Estate - Diversified subindustry, Rani Zim Shopping Centers'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.

Rani Zim Shopping Centers's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Rani Zim Shopping Centers's Days Inventory distribution charts can be found below:

* The bar in red indicates where Rani Zim Shopping Centers's Days Inventory falls into.

Rani Zim Shopping Centers Days Inventory Calculation

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

Rani Zim Shopping Centers's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (117.399	+	256.161)	/	2 )	/	29.04	*	365
=	186.78					/	29.04	*	365
=	2,347.61

Rani Zim Shopping Centers'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (164.804	+	256.161)	/	2 )	/	8.843	*	365 / 4
=	210.4825					/	8.843	*	365 / 4
=	2,171.95

Rani Zim Shopping Centers (XTAE:RANI) 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.

Rani Zim Shopping Centers's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.843	/	210.4825
	=	0.04

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.

Rani Zim Shopping Centers's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	210.4825	/	25.374
	=	8.30

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.

Rani Zim Shopping Centers Days Inventory Related Terms

Thank you for viewing the detailed overview of Rani Zim Shopping Centers's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Rani Zim Shopping Centers (XTAE:RANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Rani Zim Shopping Centers Ltd (XTAE:RANI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Odem Holdings 11, Zim Centers, Rani Zim Group, Kiryat Matalon, Petah Tikva, ISR

Website

http://www.zimcenters.co.il

Rani Zim Shopping Centers Ltd is engaged in the development, construction and management of shopping centers. It operates in the commercial real estate sector through Zim Center and in the retail sector through Office Depot. Its properties include shopping centers in Arad, Netivot, Beit She'an, Ma'alot.