Inghams Group (ASX:ING) Days Inventory

: 32.68 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Inghams Group's Average Total Inventories for the six months ended in Dec. 2023 was A$235 Mil. Inghams Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$1,315 Mil. Hence, Inghams Group's Days Inventory for the six months ended in Dec. 2023 was 32.68.

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

ASX:ING' s Days Inventory Range Over the Past 10 Years
Min: 33.1 Med: 49.44 Max: 54.06
Current: 33.42

During the past 7 years, Inghams Group's highest Days Inventory was 54.06. The lowest was 33.10. And the median was 49.44.

ASX:ING's Days Inventory is ranked better than
87.79% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 82.33 vs ASX:ING: 33.42

Inghams Group's Days Inventory declined from Dec. 2022 (34.48) to Dec. 2023 (32.68).

Inventory Turnover measures how fast the company turns over its inventory within a year. Inghams Group's Inventory Turnover for the six months ended in Dec. 2023 was 5.58.

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. Inghams Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.14.

Inghams Group Days Inventory Historical Data

The historical data trend for Inghams Group'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.

Inghams Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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49.44

54.06

44.65

34.39

33.10

Inghams Group Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial										34.38	37.55	34.48	33.04	32.68

Competitive Comparison

For the Farm Products subindustry, Inghams Group'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.

Inghams Group Days Inventory Distribution

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

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

Inghams Group Days Inventory Calculation

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

Inghams Group'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
=	( (238.7	+	220.7)	/	2 )	/	2532.7	*	365
=	229.7					/	2532.7	*	365
=	33.10

Inghams Group'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
=	( (220.7	+	250.1)	/	2 )	/	1314.5	*	365 / 2
=	235.4					/	1314.5	*	365 / 2
=	32.68

Inghams Group (ASX:ING) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1314.5	/	235.4
	=	5.58

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	235.4	/	1642.2
	=	0.14

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.

Inghams Group Days Inventory Related Terms

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Inghams Group (ASX:ING) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Inghams Group Ltd (ASX:ING) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

IH1:Germany

Address

1 Julius Avenue, Level 4, North Ryde, Sydney, NSW, AUS, 2113

Website

https://www.inghams.com.au

Inghams is the largest vertically integrated poultry producer in Australia and New Zealand. The firm enjoys a number-one position in Australia with approximately 40% market share and a number-two position in New Zealand with around 35% share. Inghams supplies poultry products, notably to major Australian supermarkets Woolworths and Coles, and quick-service restaurants McDonalds and KFC. Sales are heavily skewed toward poultry, which includes the production and sale of chicken and turkey products.