Forbidden Foods (ASX:FFF) Days Inventory : 102.51 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Forbidden Foods Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Forbidden Foods's Average Total Inventories for the six months ended in Dec. 2023 was A$0.48 Mil. Forbidden Foods's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.85 Mil. Hence, Forbidden Foods's Days Inventory for the six months ended in Dec. 2023 was 102.51.

The historical rank and industry rank for Forbidden Foods's Days Inventory or its related term are showing as below:

ASX:FFF' s Days Inventory Range Over the Past 10 Years
Min: 137.22 Med: 147.39 Max: 248.91
Current: 137.22

During the past 3 years, Forbidden Foods's highest Days Inventory was 248.91. The lowest was 137.22. And the median was 147.39.

ASX:FFF's Days Inventory is ranked worse than
74.02% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 82.22 vs ASX:FFF: 137.22

Forbidden Foods's Days Inventory declined from Dec. 2022 (127.47) to Dec. 2023 (102.51).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Forbidden Foods's Inventory Turnover for the six months ended in Dec. 2023 was 1.78.

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. Forbidden Foods's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.33.

Forbidden Foods Days Inventory Historical Data

The historical data trend for Forbidden Foods'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.

Forbidden Foods Days Inventory Chart

Forbidden Foods Annual Data

Trend

Jun21

Jun22

Jun23

Days Inventory

248.91

147.39

138.09

Forbidden Foods Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			221.14	176.52	127.47	157.33	102.51

Competitive Comparison of Forbidden Foods's Days Inventory

For the Packaged Foods subindustry, Forbidden Foods'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.

Forbidden Foods's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Forbidden Foods's Days Inventory falls into.

Forbidden Foods Days Inventory Calculation

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

Forbidden Foods'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
=	( (1.475	+	0.515)	/	2 )	/	2.63	*	365
=	0.995					/	2.63	*	365
=	138.09

Forbidden Foods'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
=	( (0.515	+	0.441)	/	2 )	/	0.851	*	365 / 2
=	0.478					/	0.851	*	365 / 2
=	102.51

Forbidden Foods (ASX:FFF) 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.

Forbidden Foods's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.851	/	0.478
	=	1.78

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.

Forbidden Foods's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.478	/	1.463
	=	0.33

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.

Forbidden Foods Days Inventory Related Terms

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

Forbidden Foods (ASX:FFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Forbidden Foods Ltd (ASX:FFF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

16/663 Victoria Street, Abbotsford, Melbourne, VIC, AUS, 3067

Website

https://www.forbiddenfoods.com.au

Forbidden Foods Ltd is an Australian owned and managed food company specialising in the sourcing and development of health focused food products for retail and food service in Australia and abroad.

Forbidden Foods (ASX:FFF) Headlines

No Headlines