Greencore Group (LSE:GNC) Days Inventory

: 19.23 (As of Sep. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Greencore Group's Average Total Inventories for the six months ended in Sep. 2023 was £72 Mil. Greencore Group's Cost of Goods Sold for the six months ended in Sep. 2023 was £683 Mil. Hence, Greencore Group's Days Inventory for the six months ended in Sep. 2023 was 19.23.

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

LSE:GNC' s Days Inventory Range Over the Past 10 Years
Min: 15.95 Med: 20.42 Max: 27.76
Current: 18.74

During the past 13 years, Greencore Group's highest Days Inventory was 27.76. The lowest was 15.95. And the median was 20.42.

LSE:GNC's Days Inventory is ranked better than
95.46% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.43 vs LSE:GNC: 18.74

Greencore Group's Days Inventory increased from Sep. 2022 (15.62) to Sep. 2023 (19.23). It might indicate that Greencore Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Greencore Group's Inventory Turnover for the six months ended in Sep. 2023 was 9.49.

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. Greencore Group's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.07.

Greencore Group Days Inventory Historical Data

The historical data trend for Greencore 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.

Greencore Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

15.95

19.24

18.70

16.65

18.48

Greencore Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory																17.39	16.92	15.62	18.51	19.23

Competitive Comparison

For the Packaged Foods subindustry, Greencore 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.

Greencore Group Days Inventory Distribution

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

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

Greencore Group Days Inventory Calculation

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

Greencore Group'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
=	( (63.3	+	72.9)	/	2 )	/	1344.9	*	365
=	68.1					/	1344.9	*	365
=	18.48

Greencore Group'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
=	( (71	+	72.9)	/	2 )	/	682.7	*	365 / 2
=	71.95					/	682.7	*	365 / 2
=	19.23

Greencore Group (LSE:GNC) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	682.7	/	71.95
	=	9.49

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	71.95	/	987.9
	=	0.07

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.

Greencore Group Days Inventory Related Terms

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

Greencore Group (LSE:GNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Greencore Group PLC (LSE:GNC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GNCGY:USA GNCGF:USA GNCl:UK GCG:Germany GCG:Germany

Address

No. 2 Northwood Avenue, Northwood Business Park, Santry, Dublin, IRL, D09 X5N9

Website

http://www.greencore.com

Greencore Group PLC is a convenience food manufacturer that supplies chilled and frozen food to customers based in U.K. and the U.S. The company's operating business segment is Convenience Foods UK & Ireland. The UK Convenience Food categories including sandwiches, sushi, salads, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, frozen Yorkshire Puddings and cakes and desserts categories as well as the Irish Ingredients trading business.

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