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Calavo Growers (Calavo Growers) Days Inventory : 31.30 (As of Jan. 2024)


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What is Calavo Growers Days Inventory?

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:

CVGW' s Days Inventory Range Over the Past 10 Years
Min: 11.91   Med: 13.28   Max: 18.56
Current: 18.56

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.

CVGW's Days Inventory is ranked better than
79.87% of 303 companies
in the Retail - Defensive industry
Industry Median: 36.41 vs CVGW: 18.56

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.


Calavo Growers Days Inventory Historical Data

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.

* Premium members only.

Calavo Growers Days Inventory Chart

Calavo Growers Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.61 17.27 15.87 15.83 31.30

Competitive Comparison of Calavo Growers's Days Inventory

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.


Calavo Growers's Days Inventory Distribution in the Retail - Defensive Industry

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.



Calavo Growers Days Inventory Calculation

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

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

* 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.


Calavo Growers Days Inventory Related Terms

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.


Calavo Growers (Calavo Growers) Business Description

Traded in Other Exchanges
N/A
Address
1141-A Cummings Road, Santa Paula, CA, USA, 93060
Calavo Growers Inc is in the avocado industry and an expanding provider of value-added fresh food. It sells avocados to a group of supermarket chains, wholesalers, food service and other distributors, under brand labels, as well as private labels. The company procures avocados from California, Mexico and other growing regions around the world. Calavo is segmented into three segments namely, Fresh products; Calavo Foods; and RFG. The company derives its revenue from its Fresh products segment.
Executives
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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