Afya (AFYA) Days Inventory : 0.92 (As of Dec. 2023)

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What is Afya Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Afya's Average Total Inventories for the three months ended in Dec. 2023 was $0.6 Mil. Afya's Cost of Goods Sold for the three months ended in Dec. 2023 was $59.1 Mil. Hence, Afya's Days Inventory for the three months ended in Dec. 2023 was 0.92.

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

AFYA' s Days Inventory Range Over the Past 10 Years
Min: 1.32 Med: 3.02 Max: 5.62
Current: 2.31

During the past 7 years, Afya's highest Days Inventory was 5.62. The lowest was 1.32. And the median was 3.02.

AFYA's Days Inventory is ranked better than
79.11% of 158 companies
in the Education industry
Industry Median: 8.33 vs AFYA: 2.31

Afya's Days Inventory declined from Dec. 2022 (4.75) to Dec. 2023 (0.92).

Inventory Turnover measures how fast the company turns over its inventory within a year. Afya's Inventory Turnover for the three months ended in Dec. 2023 was 99.11.

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. Afya's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Afya Days Inventory Historical Data

The historical data trend for Afya'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.

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Afya Days Inventory Chart

Afya Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

3.02

5.22

5.62

4.92

2.10

Afya Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															4.75	4.06	2.78	2.01	0.92

Competitive Comparison of Afya's Days Inventory

For the Education & Training Services subindustry, Afya'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.

Afya's Days Inventory Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Afya's Days Inventory distribution charts can be found below:

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

Afya Days Inventory Calculation

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

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

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2.324	+	0.282)	/	2 )	/	226.502	*	365
=	1.303					/	226.502	*	365
=	2.10

Afya'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.911	+	0.282)	/	2 )	/	59.12	*	365 / 4
=	0.5965					/	59.12	*	365 / 4
=	0.92

Afya (NAS:AFYA) 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.

Afya's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	59.12	/	0.5965
	=	99.11

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.

Afya's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.5965	/	148.958
	=	0.00

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.

Afya Days Inventory Related Terms

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

Afya (AFYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Afya Ltd (NAS:AFYA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

1AY:Germany 1AY:Germany A2FY34:Brazil

Address

Alameda Oscar Niemeyer, No. 119, Room 504, Vila da Serra, Nova Lima, MG, BRA

Website

https://www.afya.com.br

Afya Ltd is a medical education group based in Brazil. Its education portfolio has several courses in addition to Medicine, such as Management, Dentistry, Law, Engineering, Nursing, Psychology, and Accounting Sciences, among others. It has three segments; Undergrad provides educational services through undergraduate courses related to medicine, other health sciences, and other undergraduate programs, Continuing Education provides specialization programs and graduate courses in medicine; and Digital Services provides content and technology for medical education, clinical decisions software, practice management tools (that encompass electronic medical records, telemedicine, and digital prescription, and provides access, demand and efficiency for the healthcare players.