Nufarm (ASX:NUF) Days Inventory

: 266.58 (As of Sep. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Nufarm's Average Total Inventories for the six months ended in Sep. 2023 was A$1,626 Mil. Nufarm's Cost of Goods Sold for the six months ended in Sep. 2023 was A$1,113 Mil. Hence, Nufarm's Days Inventory for the six months ended in Sep. 2023 was 266.58.

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

ASX:NUF' s Days Inventory Range Over the Past 10 Years
Min: 120.31 Med: 148.78 Max: 240.65
Current: 240.65

During the past 13 years, Nufarm's highest Days Inventory was 240.65. The lowest was 120.31. And the median was 148.78.

ASX:NUF's Days Inventory is ranked worse than
87.77% of 229 companies
in the Agriculture industry
Industry Median: 108.6 vs ASX:NUF: 240.65

Nufarm's Days Inventory increased from Sep. 2022 (210.26) to Sep. 2023 (266.58). It might indicate that Nufarm'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. Nufarm's Inventory Turnover for the six months ended in Sep. 2023 was 0.68.

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. Nufarm's Inventory-to-Revenue for the six months ended in Sep. 2023 was 1.07.

Nufarm Days Inventory Historical Data

The historical data trend for Nufarm'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.

Nufarm Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Sep21

Sep22

Sep23

Days Inventory

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160.13

186.68

146.32

168.05

228.03

Nufarm Semi-Annual Data
	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															151.01	123.69	210.26	230.67	266.58

Competitive Comparison

For the Agricultural Inputs subindustry, Nufarm'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.

Nufarm Days Inventory Distribution

For the Agriculture industry and Basic Materials sector, Nufarm's Days Inventory distribution charts can be found below:

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

Nufarm Days Inventory Calculation

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

Nufarm's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (1602.457	+	1464.011)	/	2 )	/	2454.241	*	365
=	1533.234					/	2454.241	*	365
=	228.03

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

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1787.85	+	1464.011)	/	2 )	/	1113.103	*	365 / 2
=	1625.9305					/	1113.103	*	365 / 2
=	266.58

Nufarm (ASX:NUF) 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.

Nufarm's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1113.103	/	1625.9305
	=	0.68

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1625.9305	/	1526.033
	=	1.07

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.

Nufarm Days Inventory Related Terms

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

Nufarm (ASX:NUF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Nufarm Ltd (ASX:NUF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

NUFMF:USA

Address

103-105 Pipe Road, Laverton North, Melbourne, VIC, AUS, 3026

Website

https://www.nufarm.com

Nufarm Limited is a global crop-protection company that develops, manufactures, and sells a range of crop-protection products, including herbicides, insecticides, and fungicides. Nufarm sells its products in most of the world's major agricultural regions, and operates primarily in the off-patent segment of the crop-protection market. Nufarm operates along two business lines: crop protection and seed technologies.

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