AppHarvest (AppHarvest) Days Inventory : 45.41 (As of Mar. 2023)

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What is AppHarvest Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AppHarvest's Average Total Inventories for the three months ended in Mar. 2023 was $17.09 Mil. AppHarvest's Cost of Goods Sold for the three months ended in Mar. 2023 was $34.35 Mil. Hence, AppHarvest's Days Inventory for the three months ended in Mar. 2023 was 45.41.

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

APPHQ' s Days Inventory Range Over the Past 10 Years
Min: 35.44 Med: 54.17 Max: 72.89
Current: 51.67

During the past 3 years, AppHarvest's highest Days Inventory was 72.89. The lowest was 35.44. And the median was 54.17.

APPHQ's Days Inventory is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 82.23 vs APPHQ: 51.67

AppHarvest's Days Inventory increased from Mar. 2022 (33.91) to Mar. 2023 (45.41). It might indicate that AppHarvest's sales slowed down.

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. AppHarvest's Inventory Turnover for the three months ended in Mar. 2023 was 2.01.

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. AppHarvest's Inventory-to-Revenue for the three months ended in Mar. 2023 was 1.31.

AppHarvest Days Inventory Historical Data

The historical data trend for AppHarvest'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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AppHarvest Days Inventory Chart

AppHarvest Annual Data

Trend

Dec20

Dec21

Dec22

Days Inventory

36.49

73.89

AppHarvest Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Inventory	Get a 7-Day Free Trial								33.91	25.89	119.19	59.33	45.41

Competitive Comparison of AppHarvest's Days Inventory

For the Farm Products subindustry, AppHarvest'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.

AppHarvest's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

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

AppHarvest Days Inventory Calculation

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

AppHarvest's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (4.998	+	18.078)	/	2 )	/	56.995	*	365
=	11.538					/	56.995	*	365
=	73.89

AppHarvest's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (18.078	+	16.105)	/	2 )	/	34.345	*	365 / 4
=	17.0915					/	34.345	*	365 / 4
=	45.41

AppHarvest (OTCPK:APPHQ) 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.

AppHarvest's Inventory Turnover for the three months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	34.345	/	17.0915
	=	2.01

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.

AppHarvest's Inventory to Revenue for the three months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	17.0915	/	13.011
	=	1.31

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.

AppHarvest Days Inventory Related Terms

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

AppHarvest (AppHarvest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AppHarvest Inc (OTCPK:APPHQ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Appalachian Way, Morehead, KY, USA, 40351

Website

https://www.appharvest.com

AppHarvest Inc operates in the agriculture sector. It is an agriculture technology company. The company is engaged in developing and operating controlled environment indoor farms.

Executives

Gary Broadbent	officer: Chief Legal and Restructuring	C/O APPHARVEST, INC., 500 APPALACHIAN WAY, MOREHEAD KY 40351
David J. Lee	director, officer: President	C/O ZYNGA INC., 699 8TH STREET, SAN FRANCISCO CA 94103
Hollie P. Harris	director	C/O APPHARVEST, INC., 500 APPALACHIAN WAY, MOREHEAD KY 40351
Anthony Ronald Martin	director	C/O APPHARVEST, INC., 500 APPALACHIAN WAY, MOREHEAD KY 40351
Julie Nelson	officer: Chief Operating Officer	C/O APPHARVEST, INC., 500 APPALACHIAN WAY, MOREHEAD KY 40351
J Kevin Willis	director	50 E RIVERCENTER BLVD, COVINGTON KY 41011
Patrick Halfmann	director	C/O APPHARVEST, INC., 500 APPALACHIAN WAY, MOREHEAD KY 40351
Ciara Burnham	director	3110 MAIN STREET, SUITE 400, SANTA MONICA CA 90405
Loren Eggleton	officer: Chief Financial Officer	C/O APPHARVEST, INC., 401 W. MAIN STREET, SUITE 321, LEXINGTON KY 40507
Greg W. Couch	director	C/O APPHARVEST, INC., 401 W. MAIN STREET, SUITE 321, LEXINGTON KY 40507
Jeffrey W Ubben	director	1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
Ralph Geof Rochester	director	C/O APPHARVEST, INC., 500 APPALACHIAN WAY, MOREHEAD KY 40351
Robert J Laikin	director	C/O WASHINGTON PRIME GROUP INC., 180 EAST BROAD STREET, COLUMBUS OH 43215
Kiran Bhatraju	director	C/O APPHARVEST, INC., 401 W. MAIN STREET, SUITE 321, LEXINGTON KY 40507
Martha Stewart	director	C/O MARTHA STEWART LIVING OMNIMEDIA INC, 20 WEST 43RD STREET, NEW YORK NY 10036