PRO-PAC Packaging (ASX:PPG) Days Inventory : 132.78 (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is PRO-PAC Packaging Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). PRO-PAC Packaging's Average Total Inventories for the six months ended in Dec. 2023 was A$65.2 Mil. PRO-PAC Packaging's Cost of Goods Sold for the six months ended in Dec. 2023 was A$89.6 Mil. Hence, PRO-PAC Packaging's Days Inventory for the six months ended in Dec. 2023 was 132.78.

The historical rank and industry rank for PRO-PAC Packaging's Days Inventory or its related term are showing as below:

ASX:PPG' s Days Inventory Range Over the Past 10 Years
Min: 73.56 Med: 98.32 Max: 139.4
Current: 139.4

During the past 13 years, PRO-PAC Packaging's highest Days Inventory was 139.40. The lowest was 73.56. And the median was 98.32.

ASX:PPG's Days Inventory is ranked worse than
84.51% of 368 companies
in the Packaging & Containers industry
Industry Median: 77.505 vs ASX:PPG: 139.40

PRO-PAC Packaging's Days Inventory increased from Dec. 2022 (125.83) to Dec. 2023 (132.78). It might indicate that PRO-PAC Packaging's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. PRO-PAC Packaging's Inventory Turnover for the six months ended in Dec. 2023 was 1.37.

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. PRO-PAC Packaging's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.41.

PRO-PAC Packaging Days Inventory Historical Data

The historical data trend for PRO-PAC Packaging'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.

PRO-PAC Packaging Days Inventory Chart

PRO-PAC Packaging Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

Get a 7-Day Free Trial

103.91

95.89

111.85

113.70

135.03

PRO-PAC Packaging 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															101.25	143.05	125.83	145.69	132.78

Competitive Comparison of PRO-PAC Packaging's Days Inventory

For the Packaging & Containers subindustry, PRO-PAC Packaging'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.

PRO-PAC Packaging's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PRO-PAC Packaging's Days Inventory distribution charts can be found below:

* The bar in red indicates where PRO-PAC Packaging's Days Inventory falls into.

PRO-PAC Packaging Days Inventory Calculation

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

PRO-PAC Packaging'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
=	( (75.92	+	66.521)	/	2 )	/	192.522	*	365
=	71.2205					/	192.522	*	365
=	135.03

PRO-PAC Packaging'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
=	( (66.521	+	63.848)	/	2 )	/	89.594	*	365 / 2
=	65.1845					/	89.594	*	365 / 2
=	132.78

PRO-PAC Packaging (ASX:PPG) 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.

PRO-PAC Packaging's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	89.594	/	65.1845
	=	1.37

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.

PRO-PAC Packaging's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	65.1845	/	158.908
	=	0.41

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.

PRO-PAC Packaging Days Inventory Related Terms

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

PRO-PAC Packaging (ASX:PPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » PRO-PAC Packaging Ltd (ASX:PPG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

83-85 Banbury Road, Reservoir, Melbourne, VIC, AUS, 3073

Website

https://www.ppgaust.com.au

PRO-PAC Packaging Ltd is engaged in the manufacture and distribution of flexible, industrial, and rigid packaging products. The company's operating segment includes Flexibles; Distribution and Unallocated. It generates maximum revenue from the Flexibles segment. The Flexibles packaging segment manufactures flexible packaging materials incorporating products such as stretch and shrink wrap, agricultural silage packaging, fresh produce bags, barrier and lidding films, and industrial protective films. Geographically, it derives a majority of its revenue from Australia and also has a presence in New Zealand.