Ecofibre (ASX:EOF) Days Inventory : 236.63 (As of Dec. 2023)

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What is Ecofibre Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ecofibre's Average Total Inventories for the six months ended in Dec. 2023 was A$8.18 Mil. Ecofibre's Cost of Goods Sold for the six months ended in Dec. 2023 was A$6.31 Mil. Hence, Ecofibre's Days Inventory for the six months ended in Dec. 2023 was 236.63.

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

ASX:EOF' s Days Inventory Range Over the Past 10 Years
Min: 228.34 Med: 314.3 Max: 453.87
Current: 228.34

During the past 5 years, Ecofibre's highest Days Inventory was 453.87. The lowest was 228.34. And the median was 314.30.

ASX:EOF's Days Inventory is ranked worse than
73.03% of 975 companies
in the Drug Manufacturers industry
Industry Median: 157.96 vs ASX:EOF: 228.34

Ecofibre's Days Inventory declined from Dec. 2022 (325.74) to Dec. 2023 (236.63).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ecofibre's Inventory Turnover for the six months ended in Dec. 2023 was 0.77.

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. Ecofibre's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.64.

Ecofibre Days Inventory Historical Data

The historical data trend for Ecofibre'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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Ecofibre Days Inventory Chart

Ecofibre Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

243.99

247.01

453.87

400.17

314.30

Ecofibre Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial						457.69	358.09	325.74	234.55	236.63

Competitive Comparison of Ecofibre's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Ecofibre'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.

Ecofibre's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Ecofibre's Days Inventory distribution charts can be found below:

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

Ecofibre Days Inventory Calculation

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

Ecofibre'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
=	( (16.281	+	9.948)	/	2 )	/	15.23	*	365
=	13.1145					/	15.23	*	365
=	314.30

Ecofibre'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
=	( (9.948	+	6.418)	/	2 )	/	6.311	*	365 / 2
=	8.183					/	6.311	*	365 / 2
=	236.63

Ecofibre (ASX:EOF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.311	/	8.183
	=	0.77

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.183	/	12.719
	=	0.64

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.

Ecofibre Days Inventory Related Terms

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

Ecofibre (ASX:EOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ecofibre Ltd (ASX:EOF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

EOFBF:USA

Address

680 George Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.ecofibre.com

Ecofibre Ltd through its subsidiaries is engaged in three business lines including Ananda Health, Ananda Food and Hemp Black. Amanda Health includes Production and sale of hemp related nutraceutical products focused on the US. Ananda Food includes Production and sale of hemp related food products in Australia. Hemp Black includes the development of hemp related fibre products globally.

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