African Agriculture Holdings (African Agriculture Holdings) Days Inventory : 74.70 (As of Mar. 2024)

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What is African Agriculture Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). African Agriculture Holdings's Average Total Inventories for the three months ended in Mar. 2024 was $0.26 Mil. African Agriculture Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.32 Mil. Hence, African Agriculture Holdings's Days Inventory for the three months ended in Mar. 2024 was 74.70.

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

AAGR' s Days Inventory Range Over the Past 10 Years
Min: 77.81 Med: 139.59 Max: 201.36
Current: 92.49

During the past 3 years, African Agriculture Holdings's highest Days Inventory was 201.36. The lowest was 77.81. And the median was 139.59.

AAGR's Days Inventory is ranked worse than
56.22% of 1784 companies
in the Consumer Packaged Goods industry
Industry Median: 82.205 vs AAGR: 92.49

African Agriculture Holdings's Days Inventory declined from Mar. 2023 (103.27) to Mar. 2024 (74.70).

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. African Agriculture Holdings's Inventory Turnover for the three months ended in Mar. 2024 was 1.22.

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. African Agriculture Holdings's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.75.

African Agriculture Holdings Days Inventory Historical Data

The historical data trend for African Agriculture 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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African Agriculture Holdings Days Inventory Chart

African Agriculture Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

201.36

77.81

African Agriculture Holdings Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial				103.27	67.27	66.29	-	74.70

Competitive Comparison of African Agriculture Holdings's Days Inventory

For the Farm Products subindustry, African Agriculture 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.

African Agriculture Holdings's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where African Agriculture Holdings's Days Inventory falls into.

African Agriculture Holdings Days Inventory Calculation

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

African Agriculture 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
=	( (0.315	+	0.264)	/	2 )	/	1.358	*	365
=	0.2895					/	1.358	*	365
=	77.81

African Agriculture Holdings'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
=	( (0.264	+	0.255)	/	2 )	/	0.317	*	365 / 4
=	0.2595					/	0.317	*	365 / 4
=	74.70

African Agriculture Holdings (NAS:AAGR) 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.

African Agriculture Holdings's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.317	/	0.2595
	=	1.22

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.

African Agriculture Holdings's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2595	/	0.345
	=	0.75

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.

African Agriculture Holdings Days Inventory Related Terms

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

African Agriculture Holdings (African Agriculture Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » African Agriculture Holdings Inc (NAS:AAGR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

African Agriculture Holdings Inc is a holding company that operates principally through its wholly-owned subsidiary, which is developing the company's initial commercial farming business based in northern Senegal focusing on the production and sale of alfalfa for cattle feed and nutrition purposes. The company will sell alfalfa to owners and suppliers of cattle for feed and nutritional purposes, primarily in Senegal and the surrounding regions in Africa, the Economic Community of West African States (ECOWAS) region and the Middle East.