Days Inventory is also known as Days Sales of Inventory (DSI). Beyond Meat's Average Total Inventories for the
three
months ended in Dec. 2023 was €150.9 Mil. Beyond Meat's Cost of Goods Sold for the
three
months ended in Dec. 2023 was €144.5 Mil.
Hence, Beyond Meat's Days Inventory for the
three
months ended in Dec. 2023 was 95.33.
The historical rank and industry rank for Beyond Meat's Days Inventory or its related term are showing as below:
STU:0Q3'
s Days Inventory Range Over the Past 10 Years
Min: 75.21 Med: 116.72 Max: 196.88
Current: 169.65
During the past 8 years, Beyond Meat's highest Days Inventory was 196.88. The lowest was 75.21. And the median was 116.72.
STU:0Q3's Days Inventory is ranked worse than 81.58% of 1786
companies
in the Consumer Packaged Goods industry
Industry Median: 82.22
vs STU:0Q3: 169.65
Beyond Meat's Days Inventory
declined
from Dec. 2022 (275.26) to Dec. 2023 (95.33).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Beyond Meat's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.96.
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.
Beyond Meat's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 2.23.
Beyond Meat Days Inventory Historical Data
The historical data trend for Beyond Meat'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.
Competitive Comparison of Beyond Meat's Days Inventory
For the Packaged Foods subindustry, Beyond Meat'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.
Beyond Meat's Days Inventory Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Beyond Meat's Days Inventory distribution charts can be found below:
* The bar in red indicates where Beyond Meat's Days Inventory falls into.
Beyond Meat Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Beyond Meat's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Beyond Meat (STU:0Q3) 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.
Beyond Meat's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Beyond Meat's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
Beyond Meat Days Inventory Related Terms
Thank you for viewing the detailed overview of Beyond Meat's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Beyond Meat Inc is a provider of plant-based meats, such as burgers, sausage, ground beef, and chicken. Unlike other vegetarian products, Beyond Meat seeks to replicate the look, cook, and taste of meat targeted to omnivores and vegetarians alike and is sold in the meat case. The products are widely available across the U.S. and Canada and in 83 additional countries as well. International revenue represented 31% of 2021 sales. The firm's products are available in retail stores and the food service channel. In 2019, before the pandemic struck, sales were evenly split between these two channels, although the mix stood at 70% retail/30% food service in 2021. We think the recovery from the crisis and new deals with McDonald's and Yum Brands will return food-service sales to 50% in time.
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