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Days Inventory is also known as Days Sales of Inventory (DSI). Mission Produce's Average Total Inventories for the three months ended in Jan. 2024 was $78.4 Mil. Mission Produce's Cost of Goods Sold for the three months ended in Jan. 2024 was $230.0 Mil. Hence, Mission Produce's Days Inventory for the three months ended in Jan. 2024 was 31.08.
The historical rank and industry rank for Mission Produce's Days Inventory or its related term are showing as below:
During the past 6 years, Mission Produce's highest Days Inventory was 33.99. The lowest was 14.64. And the median was 20.66.
Mission Produce's Days Inventory declined from Jan. 2023 (33.44) to Jan. 2024 (31.08).
Inventory Turnover measures how fast the company turns over its inventory within a year. Mission Produce's Inventory Turnover for the three months ended in Jan. 2024 was 2.94.
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. Mission Produce's Inventory-to-Revenue for the three months ended in Jan. 2024 was 0.30.
The historical data trend for Mission Produce'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.
Mission Produce Annual Data | |||||||||||||||
Trend | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||
Days Inventory | Get a 7-Day Free Trial | 19.34 | 20.66 | 20.65 | 23.15 | 30.17 |
Mission Produce Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Days Inventory | Get a 7-Day Free Trial | 33.44 | 38.84 | 35.99 | 31.45 | 31.08 |
For the Food Distribution subindustry, Mission Produce'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.
For the Retail - Defensive industry and Consumer Defensive sector, Mission Produce's Days Inventory distribution charts can be found below:
* The bar in red indicates where Mission Produce's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Mission Produce's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as
Days Inventory (A: Oct. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Oct. 2022 ) | + | Total Inventories (A: Oct. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Oct. 2023 ) | * | Days in Period |
= | ( (73.1 | + | 70.8) | / | 2 ) | / | 870.6 | * | 365 |
= | 71.95 | / | 870.6 | * | 365 | ||||
= | 30.17 |
Mission Produce's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:
Days Inventory (Q: Jan. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Oct. 2023 ) | + | Total Inventories (Q: Jan. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Jan. 2024 ) | * | Days in Period |
= | ( (70.8 | + | 85.9) | / | 2 ) | / | 230 | * | 365 / 4 |
= | 78.35 | / | 230 | * | 365 / 4 | ||||
= | 31.08 |
* 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.
Mission Produce (NAS:AVO) 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.
Mission Produce's Inventory Turnover for the three months ended in Jan. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 230 | / | 78.35 | |
= | 2.94 |
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.
Mission Produce's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 78.35 | / | 258.7 | |
= | 0.30 |
* 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.
Thank you for viewing the detailed overview of Mission Produce's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Bryan E Giles | officer: CHIEF FINANCIAL OFFICER | C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036 |
Stephen J Barnard | director, officer: PRESIDENT AND CEO | C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036 |
Tony B Sarsam | director | 850 76TH STREET SW, PO BOX 8700, GRAND RAPIDS MI 49518 |
Luis A Gonzalez | director, 10 percent owner | C/O MISSION PRODUCE,INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036 |
Juan R Wiesner | officer: See Remarks | C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036 |
Timothy Bulow | officer: President and COO | 2710 CAMINO DEL SOL, OXNARD CA 93030 |
Bonnie Cruickshank Lind | director | 3460 PRESTON RIDGE ROAD, ALPHARETTA GA 30005 |
Shaunte Danielle Mears-watkins | director | 2710 CAMINO DEL SOL, OXNARD CA 93030 |
Joanne C Wu | officer: General Counsel and Secretary | C/O MISSION PRODUCE, INC., 2710 CAMINO DEL SOL, OXNARD CA 93030 |
Michael A Browne | officer: CHIEF OPERATING OFFICER | C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036 |
Jay A Pack | director | C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036 |
Steve A Beebe | director | C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036 |
Ross W Wileman | officer: See Remarks | C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036 |
Bruce C. Taylor | director, 10 percent owner | C/O TAYLOR FARMS, 911-B BLANCO CIRCLE, SALINAS CA 93901 |
Linda B Segre | director | 2180 RUTHERFORD ROAD, CARLSBAD CA 92008 |
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