Indofood Agri Resources (Indofood Agri Resources) Days Inventory : 103.14 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Indofood Agri Resources's Average Total Inventories for the six months ended in Dec. 2023 was $233 Mil. Indofood Agri Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was $412 Mil. Hence, Indofood Agri Resources's Days Inventory for the six months ended in Dec. 2023 was 103.14.

The historical rank and industry rank for Indofood Agri Resources's Days Inventory or its related term are showing as below:

INDFY' s Days Inventory Range Over the Past 10 Years
Min: 60.71 Med: 88.1 Max: 109.75
Current: 105.45

During the past 13 years, Indofood Agri Resources's highest Days Inventory was 109.75. The lowest was 60.71. And the median was 88.10.

INDFY's Days Inventory is ranked worse than
63.16% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 82.22 vs INDFY: 105.45

Indofood Agri Resources's Days Inventory declined from Dec. 2022 (106.22) to Dec. 2023 (103.14).

Inventory Turnover measures how fast the company turns over its inventory within a year. Indofood Agri Resources's Inventory Turnover for the six months ended in Dec. 2023 was 1.77.

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. Indofood Agri Resources's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.43.

Indofood Agri Resources Days Inventory Historical Data

The historical data trend for Indofood Agri Resources'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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Indofood Agri Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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91.03

102.09

87.81

109.29

103.18

Indofood Agri Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															85.02	122.17	106.22	110.12	103.14

Competitive Comparison

For the Packaged Foods subindustry, Indofood Agri Resources'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.

Indofood Agri Resources Days Inventory Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Indofood Agri Resources's Days Inventory distribution charts can be found below:

* The bar in red indicates where Indofood Agri Resources's Days Inventory falls into.

Indofood Agri Resources Days Inventory Calculation

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

Indofood Agri Resources'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
=	( (256.67	+	209.885)	/	2 )	/	825.183	*	365
=	233.2775					/	825.183	*	365
=	103.18

Indofood Agri Resources'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (255.374	+	209.885)	/	2 )	/	411.613	*	365 / 2
=	232.6295					/	411.613	*	365 / 2
=	103.14

Indofood Agri Resources (OTCPK:INDFY) 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.

Indofood Agri Resources's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	411.613	/	232.6295
	=	1.77

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.

Indofood Agri Resources's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	232.6295	/	544.52
	=	0.43

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.

Indofood Agri Resources Days Inventory Related Terms

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

Indofood Agri Resources (Indofood Agri Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Indofood Agri Resources Ltd (OTCPK:INDFY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

5JS:Singapore ZVF:Germany

Address

8 Eu Tong Sen Street, No. 16-96/97 The Central, Singapore, SGP, 059818

Website

http://www.indofoodagri.com

Indofood Agri Resources Ltd is engaged in agribusiness. The principal activities of the firm include research and development, oil palm seed breeding, cultivation of oil palm plantations, production and refining of crude palm oil, sugarcane and industrial timber plantations and, marketing and selling end products. It operates through following segments: Plantations, Edible Oils and Fats and others segment. The Plantations segment develops and maintains oil palm, rubber and sugar cane plantations, and other business activities relating to palm oil, rubber and sugar cane processing, marketing, and selling. The Edible Oils and Fats segment which generates majority revenue produces, markets, and sells edible oil, margarine, shortening, and other related products and its derivative products.

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