Granite Falls Energy LLC (Granite Falls Energy LLC) Days Inventory

: 22.72 (As of Jul. 2022)

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Days Inventory is also known as Days Sales of Inventory (DSI). Granite Falls Energy LLC's Average Total Inventories for the three months ended in Jul. 2022 was $23.9 Mil. Granite Falls Energy LLC's Cost of Goods Sold for the three months ended in Jul. 2022 was $96.0 Mil. Hence, Granite Falls Energy LLC's Days Inventory for the three months ended in Jul. 2022 was 22.72.

The historical rank and industry rank for Granite Falls Energy LLC's Days Inventory or its related term are showing as below:

GFGY's Days Inventory is not ranked ^*
in the Oil & Gas industry.
Industry Median: 31.63
* Ranked among companies with meaningful Days Inventory only.

Granite Falls Energy LLC's Days Inventory increased from Jul. 2021 (22.61) to Jul. 2022 (22.72). It might indicate that Granite Falls Energy LLC's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Granite Falls Energy LLC's Inventory Turnover for the three months ended in Jul. 2022 was 4.02.

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. Granite Falls Energy LLC's Inventory-to-Revenue for the three months ended in Jul. 2022 was 0.23.

Granite Falls Energy LLC Days Inventory Historical Data

The historical data trend for Granite Falls Energy LLC'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.

Granite Falls Energy LLC Annual Data

Trend

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Days Inventory

31.48

27.42

24.66

28.61

22.29

Granite Falls Energy LLC Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Days Inventory																22.61	23.13	23.47	22.60	22.72

Competitive Comparison

For the Oil & Gas Refining & Marketing subindustry, Granite Falls Energy LLC'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.

Granite Falls Energy LLC Days Inventory Distribution

For the Oil & Gas industry and Energy sector, Granite Falls Energy LLC's Days Inventory distribution charts can be found below:

* The bar in red indicates where Granite Falls Energy LLC's Days Inventory falls into.

Granite Falls Energy LLC Days Inventory Calculation

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

Granite Falls Energy LLC's Days Inventory for the fiscal year that ended in Oct. 2021 is calculated as

	Days Inventory (A: Oct. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Oct. 2020 )	+	Total Inventories (A: Oct. 2021 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2021 )	*	Days in Period
=	( (13.792	+	20.75)	/	2 )	/	282.847	*	365
=	17.271					/	282.847	*	365
=	22.29

Granite Falls Energy LLC's Days Inventory for the quarter that ended in Jul. 2022 is calculated as:

	Days Inventory (Q: Jul. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Apr. 2022 )	+	Total Inventories (Q: Jul. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2022 )	*	Days in Period
=	( (22.881	+	24.915)	/	2 )	/	95.994	*	365 / 4
=	23.898					/	95.994	*	365 / 4
=	22.72

Granite Falls Energy LLC (OTCPK:GFGY) 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.

Granite Falls Energy LLC's Inventory Turnover for the three months ended in Jul. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	95.994	/	23.898
	=	4.02

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.

Granite Falls Energy LLC's Inventory to Revenue for the three months ended in Jul. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	23.898	/	103.752
	=	0.23

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.

Granite Falls Energy LLC Days Inventory Related Terms

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

Granite Falls Energy LLC (Granite Falls Energy LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Granite Falls Energy LLC (OTCPK:GFGY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

15045 Highway 23 SE, P.O. Box 216, Granite Falls, MN, USA, 56241

Website

http://www.granitefallsenergy.com

Granite Falls Energy LLC is engaged in the production and sale of ethanol and its co-products, including wet, modified wet and dried distillers' grains, corn oil and corn syrup. The company's principal products include Ethanol, Distillers Grains, and Corn Oil. Its production operations are carried out at a plant located in Granite Falls, Minnesota and Heron Lake Bioenergy ethanol plant near Heron Lake, Minnesota. It also operates a natural gas pipeline. Geographically business activity of the group is functioned primarily through the United States and generates income from the sale of Ethanol products.

Executives

David A Forkrud	director	314 HIBBARD AVE, PO BOX 235, BELVIEW MN 56214
Fagen Holdings, Inc.	10 percent owner	501 W HIGHWAY 212, GRANITE FALLS MN 56241
Robin William Spaude	director	15045 HWY 23 SE, PO BOX 216, GRANITE FALLS MN 56241
Sherry Jean Larson	director	15045 HWY 23 SE, GRANITE FALLS MN 56251
Michael Gerald Lund	director	15045 HWY 23 SE, GRANITE FALLS MN 56241
Bruce G Lavigne	director	15045 HWY 23 SE, GRANITE FALLS MN 56241
Kenton Johnson	director	5347 270TH AVENUE, GRANITE FALLS MN 56241
Leslie Kenneth Bergquist	director	141 SKYLINE DRIVE, GRANITE FALLS MN 56241
Steve A Christensen	officer: CEO	15045 HIGHWAY 23 SE, PO BOX 216, GRANITE FALLS MN 56241
Marten Gerald Goulet	director	3131 COUNTY ROAD 112, INTERNATIONAL FALLS MN 56649
Kenneth Lee Berg	director, officer: Vice Chairman	2257 410TH STREET, CLARKFIELD MN 56223
Dennis Clifford Wagner	director	3581 TOWN ROAD 45, SOUTH INTERNATIONAL FALLS MN 56679
Dean Jerome Buesing	director	5027 HWY 67, GRANITE FALLS MN 56241
Roland J Fagen	10 percent owner	501 WEST HIGHWAY 212, P.O. BOX 159, GRANITE FALLS MN 56241
Glacial Lakes Energy, Llc	10 percent owner	301 20TH AVE. SE, P.O. BOX 933, WATERTOWN SD 57201-5922

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