Safe & Green Holdings (Safe & Green Holdings) Days Inventory : 12.42 (As of Sep. 2023)

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What is Safe & Green Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Safe & Green Holdings's Average Total Inventories for the three months ended in Sep. 2023 was $0.61 Mil. Safe & Green Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was $4.50 Mil. Hence, Safe & Green Holdings's Days Inventory for the three months ended in Sep. 2023 was 12.42.

The historical rank and industry rank for Safe & Green Holdings's Days Inventory or its related term are showing as below:

SGBX' s Days Inventory Range Over the Past 10 Years
Min: 0.74 Med: 10.4 Max: 43.45
Current: 9.94

During the past 13 years, Safe & Green Holdings's highest Days Inventory was 43.45. The lowest was 0.74. And the median was 10.40.

SGBX's Days Inventory is ranked better than
98.56% of 2907 companies
in the Industrial Products industry
Industry Median: 119.85 vs SGBX: 9.94

Safe & Green Holdings's Days Inventory declined from Sep. 2022 (19.37) to Sep. 2023 (12.42).

Inventory Turnover measures how fast the company turns over its inventory within a year. Safe & Green Holdings's Inventory Turnover for the three months ended in Sep. 2023 was 7.35.

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. Safe & Green Holdings's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.15.

Safe & Green Holdings Days Inventory Historical Data

The historical data trend for Safe & Green Holdings'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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Safe & Green Holdings Days Inventory Chart

Safe & Green Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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43.45

10.40

15.02

Safe & Green Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															19.37	15.75	3.92	7.53	12.42

Competitive Comparison of Safe & Green Holdings's Days Inventory

For the Metal Fabrication subindustry, Safe & Green Holdings'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.

Safe & Green Holdings's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Safe & Green Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Safe & Green Holdings's Days Inventory falls into.

Safe & Green Holdings Days Inventory Calculation

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

Safe & Green Holdings's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1.274	+	0.466)	/	2 )	/	21.14	*	365
=	0.87					/	21.14	*	365
=	15.02

Safe & Green Holdings'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: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.823	+	0.402)	/	2 )	/	4.501	*	365 / 4
=	0.6125					/	4.501	*	365 / 4
=	12.42

Safe & Green Holdings (NAS:SGBX) 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.

Safe & Green Holdings's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.501	/	0.6125
	=	7.35

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.

Safe & Green Holdings's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.6125	/	3.965
	=	0.15

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.

Safe & Green Holdings Days Inventory Related Terms

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

Safe & Green Holdings (Safe & Green Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Safe & Green Holdings Corp (NAS:SGBX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

90S1:Germany

Address

990 Biscayne Boulevard, No. 501, Office 12, Miami, FL, USA, 33132

Website

https://www.safeandgreenholdings.com

Safe & Green Holdings Corp is a modular solutions company. The company currently provides modules made out of both code-engineered cargo shipping containers and wood for use as both permanent or temporary structures for residential housing use and commercial use, including for health care facilities. It operates in four segments: construction; medical; real estate development; and environmental. The company generates the majority of its revenue from the Construction segment which designs and constructs modular structures built in their factories using raw materials that are Made-in-America.

Executives

Thomas Meharey	director	990 BISCAYNE BLVD., SUITE 501, MIAMI FL 33132
Jill Ellen Anderson	director	990 BISCAYNE BLVD., SUITE 501, MIAMI FL 33132
Vanessa Villaverde	director	990 BISCAYNE BLVD., SUITE 501, MIAMI FL 33132
Patricia Kaelin	officer: Chief Financial Officer	990 BISCAYNE, #501, OFFICE 12, MIAMI FL 33132
Elizabeth Cormier-may	director	5011 GATE PARKWAY, BUILDING 100, JACKSONVILLE FL 32256
Shafron E. Hawkins	director	5011 GATE PARKWAY, BUILDING 100, JACKSONVILLE FL 32256
John William Shaw	10 percent owner	1005 E. LAS TUNAS DR., #116, SAN GABRIEL CA 91776
Gerald Anthony Sheeran	officer: Acting Chief Financial Officer	C/O SG BLOCKS, INC., 195 MONTAGUE STREET, 14TH FLOOR, BROOKLYN NY 11201
Margaret Coleman	director	195 MONATGUE STREET, 14TH FLOOR, 14TH FLOOR, BROOKLYN NY 11201
Yaniv Blumenfeld	director	C/O SG BLOCKS, INC., 195 MONTAGUE STREET, 14TH FLOOR, BROOKLYN NY 11201
David Roberto Villarreal	director	17 STATE STREET, 19TH FLOOR, NEW YORK NY 10004
Joseph Safina	director	1320 SEMINOLE DRIVE, FORT LAUDERDALE FL 33304
William Jeffrey Rogers	officer: Chief Operating Officer	17 STATE STREET, 19TH FLOOR, NEW YORK NY 10004
Mahesh S Shetty	director, officer: CFO	429 MEMORY LANE, MARSHALL TX 75672
Swets Larry G Jr	10 percent owner	105 S. MAPLE ST., ITASCA IL 60143