Beston Global Food Co (ASX:BFC) Days Inventory : 68.77 (As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Beston Global Food Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Beston Global Food Co's Average Total Inventories for the six months ended in Dec. 2023 was A$23.4 Mil. Beston Global Food Co's Cost of Goods Sold for the six months ended in Dec. 2023 was A$62.2 Mil. Hence, Beston Global Food Co's Days Inventory for the six months ended in Dec. 2023 was 68.77.

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

ASX:BFC' s Days Inventory Range Over the Past 10 Years
Min: 46.51 Med: 68.09 Max: 340.5
Current: 60.36

During the past 8 years, Beston Global Food Co's highest Days Inventory was 340.50. The lowest was 46.51. And the median was 68.09.

ASX:BFC's Days Inventory is ranked better than
67.3% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 82.22 vs ASX:BFC: 60.36

Beston Global Food Co's Days Inventory increased from Dec. 2022 (63.93) to Dec. 2023 (68.77). It might indicate that Beston Global Food Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Beston Global Food Co's Inventory Turnover for the six months ended in Dec. 2023 was 2.65.

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. Beston Global Food Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.29.

Beston Global Food Co Days Inventory Historical Data

The historical data trend for Beston Global Food 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.

* Premium members only.

Beston Global Food Co Days Inventory Chart

Beston Global Food Co Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

Get a 7-Day Free Trial

83.31

52.87

51.97

52.28

46.51

Beston Global Food Co Semi-Annual Data
	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												66.53	45.52	63.93	47.92	68.77

Competitive Comparison of Beston Global Food Co's Days Inventory

For the Packaged Foods subindustry, Beston Global Food 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.

Beston Global Food Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Beston Global Food Co's Days Inventory falls into.

Beston Global Food Co Days Inventory Calculation

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

Beston Global Food Co's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (18.117	+	18.397)	/	2 )	/	143.266	*	365
=	18.257					/	143.266	*	365
=	46.51

Beston Global Food Co'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
=	( (18.397	+	28.454)	/	2 )	/	62.17	*	365 / 2
=	23.4255					/	62.17	*	365 / 2
=	68.77

Beston Global Food Co (ASX:BFC) 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.

Beston Global Food Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	62.17	/	23.4255
	=	2.65

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.

Beston Global Food Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	23.4255	/	81.035
	=	0.29

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.

Beston Global Food Co Days Inventory Related Terms

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

Beston Global Food Co (ASX:BFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Beston Global Food Co Ltd (ASX:BFC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

84 Greenhill Road, Ground Floor, Wayville, SA, AUS, 5034

Website

https://www.bestonglobalfoods.com.au

Beston Global Food Co Ltd is engaged in the production and distribution of food and beverage products. The company's products include milk, yogurt, flavored milk, seafood, meat and poultry products, and health nutrition products. It operates in two segments namely the Australian Dairy, and Corporate out of which the Australian Dairy segment accounts for the majority of revenue.