Australian Agricultural Co (Australian Agricultural Co) Days Inventory : 164.37 (As of Sep. 2023)

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What is Australian Agricultural Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Australian Agricultural Co's Average Total Inventories for the six months ended in Sep. 2023 was $126.7 Mil. Australian Agricultural Co's Cost of Goods Sold for the six months ended in Sep. 2023 was $140.7 Mil. Hence, Australian Agricultural Co's Days Inventory for the six months ended in Sep. 2023 was 164.37.

The historical rank and industry rank for Australian Agricultural Co's Days Inventory or its related term are showing as below:

ASAGF' s Days Inventory Range Over the Past 10 Years
Min: 38.35 Med: 175.96 Max: 1123.43
Current: 304.78

During the past 13 years, Australian Agricultural Co's highest Days Inventory was 1123.43. The lowest was 38.35. And the median was 175.96.

ASAGF's Days Inventory is ranked worse than
93.45% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.23 vs ASAGF: 304.78

Australian Agricultural Co's Days Inventory declined from Sep. 2022 (10,291.86) to Sep. 2023 (164.37).

Inventory Turnover measures how fast the company turns over its inventory within a year. Australian Agricultural Co's Inventory Turnover for the six months ended in Sep. 2023 was 1.11.

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. Australian Agricultural Co's Inventory-to-Revenue for the six months ended in Sep. 2023 was 1.18.

Australian Agricultural Co Days Inventory Historical Data

The historical data trend for Australian Agricultural Co'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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Australian Agricultural Co Days Inventory Chart

Australian Agricultural Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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105.86

568.47

1,018.64

87.16

Australian Agricultural Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															-	-	10,291.86	371.18	164.37

Competitive Comparison of Australian Agricultural Co's Days Inventory

For the Farm Products subindustry, Australian Agricultural Co'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.

Australian Agricultural Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Australian Agricultural Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Australian Agricultural Co's Days Inventory falls into.

Australian Agricultural Co Days Inventory Calculation

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

Australian Agricultural Co's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (16.375	+	23.978)	/	2 )	/	84.492	*	365
=	20.1765					/	84.492	*	365
=	87.16

Australian Agricultural Co's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (23.978	+	229.411)	/	2 )	/	140.67	*	365 / 2
=	126.6945					/	140.67	*	365 / 2
=	164.37

Australian Agricultural Co (OTCPK:ASAGF) 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.

Australian Agricultural Co's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	140.67	/	126.6945
	=	1.11

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.

Australian Agricultural Co's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	126.6945	/	107.38
	=	1.18

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.

Australian Agricultural Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Australian Agricultural Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Australian Agricultural Co (Australian Agricultural Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Australian Agricultural Co Ltd (OTCPK:ASAGF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AAYYY:USA AY5:Germany AAC:Australia

Address

76 Skyring Terrace, Level 1, Tower A, Gasworks Plaza, Newstead, Brisbane, QLD, AUS, 4006

Website

https://www.aaco.com.au

Australian Agricultural Co Ltd raises cattle in Australia to process and export all over the world. It specializes in grass-fed beef, grain-fed beef, and a Japanese-style beef. The company invests in research and technologies to ensure high quality and enhance productivity. The technologies may focus on performance evaluations, feed efficiency, or disease testing. More opportunities for gathering data exist because the cattle are owned throughout the entire supply chain. The company's processing facility works to get the beef out on a timely basis and will turn to third parties in times of a shortage. The company distributes the beef by tailoring its route-to-market model to capitalize on regional opportunities.