Imaflex (TSXV:IFX) Days Inventory : 54.04 (As of Sep. 2023)

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What is Imaflex Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Imaflex's Average Total Inventories for the three months ended in Sep. 2023 was C$12.21 Mil. Imaflex's Cost of Goods Sold for the three months ended in Sep. 2023 was C$20.62 Mil. Hence, Imaflex's Days Inventory for the three months ended in Sep. 2023 was 54.04.

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

TSXV:IFX' s Days Inventory Range Over the Past 10 Years
Min: 51.02 Med: 57.37 Max: 68.73
Current: 55.98

During the past 13 years, Imaflex's highest Days Inventory was 68.73. The lowest was 51.02. And the median was 57.37.

TSXV:IFX's Days Inventory is ranked better than
74.79% of 365 companies
in the Packaging & Containers industry
Industry Median: 77.89 vs TSXV:IFX: 55.98

Imaflex's Days Inventory declined from Sep. 2022 (55.36) to Sep. 2023 (54.04).

Inventory Turnover measures how fast the company turns over its inventory within a year. Imaflex's Inventory Turnover for the three months ended in Sep. 2023 was 1.69.

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. Imaflex's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.53.

Imaflex Days Inventory Historical Data

The historical data trend for Imaflex'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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Imaflex Days Inventory Chart

Imaflex Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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64.56

68.73

60.91

53.83

52.92

Imaflex 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															55.36	63.42	53.71	53.26	54.04

Competitive Comparison of Imaflex's Days Inventory

For the Packaging & Containers subindustry, Imaflex'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.

Imaflex's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Imaflex's Days Inventory distribution charts can be found below:

* The bar in red indicates where Imaflex's Days Inventory falls into.

Imaflex Days Inventory Calculation

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

Imaflex'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
=	( (14.92	+	12.188)	/	2 )	/	93.487	*	365
=	13.554					/	93.487	*	365
=	52.92

Imaflex'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
=	( (13.166	+	11.257)	/	2 )	/	20.62	*	365 / 4
=	12.2115					/	20.62	*	365 / 4
=	54.04

Imaflex (TSXV:IFX) 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.

Imaflex's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	20.62	/	12.2115
	=	1.69

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.

Imaflex's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.2115	/	22.858
	=	0.53

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.

Imaflex Days Inventory Related Terms

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

Imaflex (TSXV:IFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Imaflex Inc (TSXV:IFX) » Definitions » Days Inventory

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Traded in Other Exchanges

IFLXF:USA

Address

5710, Rue Notre-Dame Ouest, Montreal, QC, CAN, H4C 1V2

Website

https://www.imaflex.com

Imaflex Inc is focused on the development and manufacturing of innovative solutions for the flexible packaging space. The company develops and manufactures films for the agriculture industry. Its products consist primarily of polyethylene (plastic) film and bags, including metalized plastic film, for the industrial, agricultural and consumer markets. It manufactures and sells industrial bags using recycled material, including garbage bags, compostable bags, gaylord bags and bags on rolls. It also specializes in the metalization of plastic film primarily for food packaging and agricultural mulches.

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