Days Inventory is also known as Days Sales of Inventory (DSI). Planet Green Holdings's Average Total Inventories for the
three
months ended in Dec. 2023 was $3.52 Mil. Planet Green Holdings's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $9.04 Mil.
Hence, Planet Green Holdings's Days Inventory for the
three
months ended in Dec. 2023 was 35.50.
The historical rank and industry rank for Planet Green Holdings's Days Inventory or its related term are showing as below:
PLAG'
s Days Inventory Range Over the Past 10 Years
Min: 43.39 Med: 116.44 Max: 1525.29
Current: 53.42
During the past 13 years, Planet Green Holdings's highest Days Inventory was 1525.29. The lowest was 43.39. And the median was 116.44.
PLAG's Days Inventory is ranked better than 72.58% of 1787
companies
in the Consumer Packaged Goods industry
Industry Median: 82.23
vs PLAG: 53.42
Planet Green Holdings's Days Inventory
declined
from Dec. 2022 (108.05) to Dec. 2023 (35.50).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Planet Green Holdings's Inventory Turnover for the
three
months ended in Dec. 2023 was 2.57.
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.
Planet Green Holdings's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.36.
Planet Green Holdings Days Inventory Historical Data
The historical data trend for Planet Green Holdings'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.
Competitive Comparison of Planet Green Holdings's Days Inventory
For the Packaged Foods subindustry, Planet Green Holdings'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.
Planet Green Holdings's Days Inventory Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Planet Green Holdings's Days Inventory distribution charts can be found below:
* The bar in red indicates where Planet Green Holdings's Days Inventory falls into.
Planet Green Holdings Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Planet Green Holdings's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Planet Green Holdings (AMEX:PLAG) 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.
Planet Green Holdings's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Planet Green Holdings's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
Planet Green Holdings Days Inventory Related Terms
Thank you for viewing the detailed overview of Planet Green Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Planet Green Holdings (Planet Green Holdings) Business Description
Planet Green Holdings Corp is a diversified technology and consumer products company with a presence in North America and China engaged in Chemical Products, Tea Products, and Online Advertising Services. The company operates in three segments namely to grow, produce and distribute Cyan brick tea, black tea, and green tea in China; to research, develop, manufacture, and sell chemical products including formaldehyde, urea formaldehyde adhesive, methylal, ethanol fuel, fuel additives and clean fuel in China; and to develop and operate a demand-side platform which empowers buyers of advertising to manage and optimize their digital advertising across different real-time bidding networks in North America and China.
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