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Days Inventory is also known as Days Sales of Inventory (DSI). Calavo Growers's Average Total Inventories for the three months ended in Jan. 2024 was $39.5 Mil. Calavo Growers's Cost of Goods Sold for the three months ended in Jan. 2024 was $115.1 Mil. Hence, Calavo Growers's Days Inventory for the three months ended in Jan. 2024 was 31.30.
The historical rank and industry rank for Calavo Growers's Days Inventory or its related term are showing as below:
During the past 13 years, Calavo Growers's highest Days Inventory was 18.56. The lowest was 11.91. And the median was 13.28.
Calavo Growers's Days Inventory declined from Jan. 2023 (31.61) to Jan. 2024 (31.30).
Inventory Turnover measures how fast the company turns over its inventory within a year. Calavo Growers's Inventory Turnover for the three months ended in Jan. 2024 was 2.92.
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. Calavo Growers's Inventory-to-Revenue for the three months ended in Jan. 2024 was 0.31.
The historical data trend for Calavo Growers'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.
Calavo Growers Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 12.30 | 14.81 | 15.09 | 13.00 | 15.83 |
Calavo Growers Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Days Inventory | Get a 7-Day Free Trial | 31.61 | 17.27 | 15.87 | 15.83 | 31.30 |
For the Food Distribution subindustry, Calavo Growers'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.
For the Retail - Defensive industry and Consumer Defensive sector, Calavo Growers's Days Inventory distribution charts can be found below:
* The bar in red indicates where Calavo Growers's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Calavo Growers's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as
Days Inventory (A: Oct. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Oct. 2022 ) | + | Total Inventories (A: Oct. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Oct. 2023 ) | * | Days in Period |
= | ( (38.83 | + | 39.43) | / | 2 ) | / | 901.992 | * | 365 |
= | 39.13 | / | 901.992 | * | 365 | ||||
= | 15.83 |
Calavo Growers's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:
Days Inventory (Q: Jan. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Oct. 2023 ) | + | Total Inventories (Q: Jan. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Jan. 2024 ) | * | Days in Period |
= | ( (39.43 | + | 39.551) | / | 2 ) | / | 115.138 | * | 365 / 4 |
= | 39.4905 | / | 115.138 | * | 365 / 4 | ||||
= | 31.30 |
* 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.
Calavo Growers (NAS:CVGW) 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.
Calavo Growers's Inventory Turnover for the three months ended in Jan. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 115.138 | / | 39.4905 | |
= | 2.92 |
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.
Calavo Growers's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 39.4905 | / | 127.606 | |
= | 0.31 |
* 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.
Thank you for viewing the detailed overview of Calavo Growers's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael A Browne | officer: VP-Fresh Operations | C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036 |
Paul Alan Harrison | officer: Executive Vice President | C/O CALAVO GROWERS, INC., 1141-A CUMMINGS RD., SANTA PAULA CA 93060 |
Steve Hollister | director | 751 BEAR CANYON LANE, ARROYO GRANDE CA 93420 |
Lecil E Cole | director, 10 percent owner, officer: Chairman of Board, CEO & Pres | |
James D Helin | director | 1141A CUMMINGS RD, SANTA PAULA CA 93036 |
Helen Kurtz | officer: SVP and GM - Prepared | C/O CALAVO GROWERS, INC., 1141-A CUMMINGS RD., SANTA PAULA CA 93060 |
Danny Dumas | officer: SVP & GM Grown | C/O CALAVO GROWERS, INC., 1141-A CUMMINGS RD., SANTA PAULA CA 93060 |
Shawn Munsell | officer: Chief Financial Officer | C/O CALAVO GROWERS, INC., 1141-A CUMMINGS RD., SANTA PAULA CA 93060 |
Graciela Montgomery | officer: Chief Human Resources Officer | C/O CALAVO GROWERS, INC., 1141-A CUMMINGS RD, SANTA PAULA CA 93060 |
Brian W Kocher | officer: Chief Executive Officer | 1141-A CUMMINGS ROAD, SANTA PAULA CA 93060 |
Adriana Mendizabal | director | C/O CALAVO GROWERS, INC., 1141-A CUMMINGS RD., SANTA PAULA CA 93060 |
Mariela Irene Matute | officer: Chief Financial Officer | 1141-A CUMMINGS RD., SANTA PAULA CA 93060 |
Donald M Sanders | director | 2530 RED HILL AVE, SANTA ANA CA 92705 |
Michael Anthony Digregorio | director | C/O IRONCLAD PERFORMANCE WEAR CORP., 2201 PARK PLACE, SUITE 101, EL SEGUNDO CA 90245 |
Robert J Wedin | officer: VP Sales & Fresh Marketing | 1141A CUMMINGS ROAD, SANTA PAULA CA 93060 |
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