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Days Inventory is also known as Days Sales of Inventory (DSI). Sow Good's Average Total Inventories for the three months ended in Mar. 2024 was $4.63 Mil. Sow Good's Cost of Goods Sold for the three months ended in Mar. 2024 was $6.78 Mil. Hence, Sow Good's Days Inventory for the three months ended in Mar. 2024 was 62.35.
The historical rank and industry rank for Sow Good's Days Inventory or its related term are showing as below:
During the past 13 years, Sow Good's highest Days Inventory was 3589.17. The lowest was 58.16. And the median was 1971.36.
Sow Good's Days Inventory declined from Mar. 2023 (2,204.12) to Mar. 2024 (62.35).
Inventory Turnover measures how fast the company turns over its inventory within a year. Sow Good's Inventory Turnover for the three months ended in Mar. 2024 was 1.46.
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. Sow Good's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.41.
The historical data trend for Sow Good'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.
Sow Good Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | - | - | 3,589.17 | 1,971.36 | 97.83 |
Sow Good Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Days Inventory | Get a 7-Day Free Trial | 2,204.12 | 52.52 | 53.06 | 47.27 | 62.35 |
For the Packaged Foods subindustry, Sow Good'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.
For the Consumer Packaged Goods industry and Consumer Defensive sector, Sow Good's Days Inventory distribution charts can be found below:
* The bar in red indicates where Sow Good's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sow Good'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 |
= | ( (1.875 | + | 4.123) | / | 2 ) | / | 11.189 | * | 365 |
= | 2.999 | / | 11.189 | * | 365 | ||||
= | 97.83 |
Sow Good's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:
Days Inventory (Q: Mar. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Dec. 2023 ) | + | Total Inventories (Q: Mar. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Mar. 2024 ) | * | Days in Period |
= | ( (4.123 | + | 5.138) | / | 2 ) | / | 6.777 | * | 365 / 4 |
= | 4.6305 | / | 6.777 | * | 365 / 4 | ||||
= | 62.35 |
* 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.
Sow Good (NAS:SOWG) 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.
Sow Good's Inventory Turnover for the three months ended in Mar. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 6.777 | / | 4.6305 | |
= | 1.46 |
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.
Sow Good's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 4.6305 | / | 11.406 | |
= | 0.41 |
* 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.
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.
Thank you for viewing the detailed overview of Sow Good's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Joe Mueller | director | 6927 ALTAMONTE DRIVE, ROGERS AR 72758 |
Ira Goldfarb | director, 10 percent owner, officer: Executive Chairman (1) | 1918 N. OLIVE ST, DALLAS TX 75201 |
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