The Very Good Food Co (The Very Good Food Co) Days Inventory : 357.26 (As of Sep. 2022)

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What is The Very Good Food Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). The Very Good Food Co's Average Total Inventories for the three months ended in Sep. 2022 was $7.51 Mil. The Very Good Food Co's Cost of Goods Sold for the three months ended in Sep. 2022 was $1.92 Mil. Hence, The Very Good Food Co's Days Inventory for the three months ended in Sep. 2022 was 357.26.

The historical rank and industry rank for The Very Good Food Co's Days Inventory or its related term are showing as below:

VGFCQ's Days Inventory is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 82.23
* Ranked among companies with meaningful Days Inventory only.

The Very Good Food Co's Days Inventory increased from Sep. 2021 (197.91) to Sep. 2022 (357.26). It might indicate that The Very Good Food Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. The Very Good Food Co's Inventory Turnover for the three months ended in Sep. 2022 was 0.26.

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. The Very Good Food Co's Inventory-to-Revenue for the three months ended in Sep. 2022 was 5.70.

The Very Good Food Co Days Inventory Historical Data

The historical data trend for The Very Good Food Co'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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The Very Good Food Co Days Inventory Chart

The Very Good Food Co Annual Data

Trend

Dec19

Dec20

Dec21

Days Inventory

17.67

59.95

199.16

The Very Good Food Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Inventory	Get a 7-Day Free Trial										197.91	241.30	327.51	324.02	357.26

Competitive Comparison of The Very Good Food Co's Days Inventory

For the Packaged Foods subindustry, The Very Good Food Co'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.

The Very Good Food Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Very Good Food Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where The Very Good Food Co's Days Inventory falls into.

The Very Good Food Co Days Inventory Calculation

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

The Very Good Food Co's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (0.934	+	6.62)	/	2 )	/	6.922	*	365
=	3.777					/	6.922	*	365
=	199.16

The Very Good Food Co's Days Inventory for the quarter that ended in Sep. 2022 is calculated as:

	Days Inventory (Q: Sep. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (8.206	+	6.805)	/	2 )	/	1.917	*	365 / 4
=	7.5055					/	1.917	*	365 / 4
=	357.26

The Very Good Food Co (OTCPK:VGFCQ) 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.

The Very Good Food Co's Inventory Turnover for the three months ended in Sep. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.917	/	7.5055
	=	0.26

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.

The Very Good Food Co's Inventory to Revenue for the three months ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.5055	/	1.317
	=	5.70

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.

The Very Good Food Co Days Inventory Related Terms

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

The Very Good Food Co (The Very Good Food Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Very Good Food Co Inc (OTCPK:VGFCQ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2748 Rupert Street, Vancouver, BC, CAN, V5M 3T7

Website

https://www.verygoodfood.com

The Very Good Food Co Inc operates in the food industry. The company is a food technology company that designs, develops, produces, distributes, and sells a variety of plant-based meat and other food alternatives.