African Sun (XZIM:ASUN.ZW) Total Inventories : ZWL3,531 Mil (As of Dec. 2022)

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What is African Sun Total Inventories?

African Sun's total inventories for the quarter that ended in Dec. 2022 was ZWL3,531 Mil. African Sun's average total inventories from the quarter that ended in Jun. 2022 to the quarter that ended in Dec. 2022 was ZWL2,875 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. African Sun's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was ZWL-4.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. African Sun's Days Inventory for the six months ended in Dec. 2022 was 83.84.

Inventory Turnover measures how fast the company turns over its inventory within a year. African Sun's Inventory Turnover for the quarter that ended in Dec. 2022 was 2.18.

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. African Sun's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.12.

African Sun Total Inventories Historical Data

The historical data trend for African Sun's Total Inventories 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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African Sun Total Inventories Chart

African Sun Annual Data

Trend

Sep09

Sep11

Sep12

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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24.83

295.23

248.47

942.64

3,530.63

African Sun Semi-Annual Data
	Sep09	Mar11	Sep11	Mar12	Sep12	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Total Inventories	Get a 7-Day Free Trial									248.47	722.06	942.64	2,218.85	3,530.63

African Sun Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

African Sun (XZIM:ASUN.ZW) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

African Sun's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 is

	Net-Net Working Capital Per Share (Q: Dec. 2022 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(10287.277	+	0.75 * 1513.785	+	0.5 * 3530.631	-	20070.879
-	0	-	0)	/	1470.81
=	-4.68

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

African Sun's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	2874.7405	/	6257.983	*	365 / 2
	=	83.84

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

African Sun's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2022 )	/	Average Total Inventories (Q: Dec. 2022 )
	=	6257.983	/	2874.7405
	=	2.18

4. 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.

African Sun's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	2874.7405	/	23362.836
	=	0.12

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

African Sun Total Inventories Related Terms

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African Sun (XZIM:ASUN.ZW) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » African Sun Ltd (XZIM:ASUN.ZW) » Definitions » Total Inventories

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Address

870 Endeavour Crescent off Norfolk Road, Bally House, P.O. Box CY 1211, Mount Pleasant Business Park, Causeway, Harare, ZWE

Website

https://www.africansunhotels.com

African Sun Ltd is a hotel investment company. It manages hotel operations in Zimbabwe. The company has five segments namely, Resort Hotels, City and Country Hotels, Victoria Falls Hotel Partnership, Sun Leisure and Real Estate and Others. It generates the majority of its revenue from the City and Country Hotels segment.

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