Else Nutrition Holdings (TSX:BABY) Days Inventory : 294.81 (As of Dec. 2023)

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What is Else Nutrition Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Else Nutrition Holdings's Average Total Inventories for the three months ended in Dec. 2023 was C$7.93 Mil. Else Nutrition Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was C$2.45 Mil. Hence, Else Nutrition Holdings's Days Inventory for the three months ended in Dec. 2023 was 294.81.

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

TSX:BABY' s Days Inventory Range Over the Past 10 Years
Min: 189.13 Med: 264.44 Max: 478.69
Current: 295.76

During the past 12 years, Else Nutrition Holdings's highest Days Inventory was 478.69. The lowest was 189.13. And the median was 264.44.

TSX:BABY's Days Inventory is ranked worse than
92.95% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.23 vs TSX:BABY: 295.76

Else Nutrition Holdings's Days Inventory increased from Dec. 2022 (200.09) to Dec. 2023 (294.81). It might indicate that Else Nutrition Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Else Nutrition Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 0.31.

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. Else Nutrition Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 3.36.

Else Nutrition Holdings Days Inventory Historical Data

The historical data trend for Else Nutrition 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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Else Nutrition Holdings Days Inventory Chart

Else Nutrition Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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189.13

478.69

322.52

264.44

254.41

Else Nutrition Holdings 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															200.09	236.67	310.88	409.75	294.81

Competitive Comparison of Else Nutrition Holdings's Days Inventory

For the Packaged Foods subindustry, Else Nutrition 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.

Else Nutrition Holdings's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Else Nutrition Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Else Nutrition Holdings's Days Inventory falls into.

Else Nutrition Holdings Days Inventory Calculation

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

Else Nutrition Holdings'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
=	( (5.91	+	7.258)	/	2 )	/	9.446	*	365
=	6.584					/	9.446	*	365
=	254.41

Else Nutrition Holdings'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
=	( (8.599	+	7.258)	/	2 )	/	2.454	*	365 / 4
=	7.9285					/	2.454	*	365 / 4
=	294.81

Else Nutrition Holdings (TSX:BABY) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.454	/	7.9285
	=	0.31

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.9285	/	2.362
	=	3.36

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.

Else Nutrition Holdings Days Inventory Related Terms

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

Else Nutrition Holdings (TSX:BABY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Else Nutrition Holdings Inc (TSX:BABY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

BABYF:USA 0YL:Germany

Address

6 Hanechoshet Street, Tel Aviv, ISR, 69710470

Website

https://www.elsenutrition.com

Else Nutrition Holdings Inc is an Israel-based food and nutrition company focused on developing innovative, clean, and plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy, formula is a clean-ingredient alternative to dairy-based formula.