Verde AgriTech (Verde AgriTech) Days Inventory : 43.19 (As of Dec. 2023)

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What is Verde AgriTech Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Verde AgriTech's Average Total Inventories for the three months ended in Dec. 2023 was $1.94 Mil. Verde AgriTech's Cost of Goods Sold for the three months ended in Dec. 2023 was $4.09 Mil. Hence, Verde AgriTech's Days Inventory for the three months ended in Dec. 2023 was 43.19.

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

VNPKF' s Days Inventory Range Over the Past 10 Years
Min: 34.99 Med: 43.61 Max: 107.41
Current: 69.22

During the past 13 years, Verde AgriTech's highest Days Inventory was 107.41. The lowest was 34.99. And the median was 43.61.

VNPKF's Days Inventory is ranked better than
73.8% of 229 companies
in the Agriculture industry
Industry Median: 111.24 vs VNPKF: 69.22

Verde AgriTech's Days Inventory declined from Dec. 2022 (51.39) to Dec. 2023 (43.19).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Verde AgriTech's Inventory Turnover for the three months ended in Dec. 2023 was 2.11.

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. Verde AgriTech's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.37.

Verde AgriTech Days Inventory Historical Data

The historical data trend for Verde AgriTech'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.

* Premium members only.

Verde AgriTech Days Inventory Chart

Verde AgriTech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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34.62

44.23

42.55

36.77

67.73

Verde AgriTech 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															51.39	65.59	103.62	99.47	43.19

Competitive Comparison of Verde AgriTech's Days Inventory

For the Agricultural Inputs subindustry, Verde AgriTech'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.

Verde AgriTech's Days Inventory Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Verde AgriTech's Days Inventory distribution charts can be found below:

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

Verde AgriTech Days Inventory Calculation

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

Verde AgriTech'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
=	( (1.817	+	1.825)	/	2 )	/	9.813	*	365
=	1.821					/	9.813	*	365
=	67.73

Verde AgriTech'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
=	( (2.046	+	1.825)	/	2 )	/	4.089	*	365 / 4
=	1.9355					/	4.089	*	365 / 4
=	43.19

Verde AgriTech (OTCPK:VNPKF) 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.

Verde AgriTech's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.089	/	1.9355
	=	2.11

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.

Verde AgriTech's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.9355	/	5.261
	=	0.37

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.

Verde AgriTech Days Inventory Related Terms

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

Verde AgriTech (Verde AgriTech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Verde AgriTech Ltd (OTCPK:VNPKF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

T48:Germany NPK:Canada

Address

105 Cecil Street, No. 15-02, The Octagon, Singapore, SGP, 069534

Website

https://investor.verde.ag

Verde AgriTech Ltd promotes sustainable and profitable agriculture through the development of its Cerrado Verde Project, from which the company produces solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. The multi-nutrient potassium fertilizer marketed in Brazil under the brand K Forte and internationally as Super Greensand is one of Verde's sustainable products from which the nature-driven technology company helps to improve the soil microbiome.