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


What is African Agriculture Holdings Days Inventory?

African Agriculture Holdings AAGR +9,900.00% Days Inventory is 74.70 as of Mar. 2024.

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 is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 82.655
* Ranked among companies with meaningful Days Inventory only.

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

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  (OTCPK: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

* 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.

African Agriculture Holdings Days Inventory Related Terms

African Agriculture Holdings Days Inventory Historical Data

* Premium members only.

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.

African Agriculture Holdings Days Inventory Chart

African Agriculture Holdings Annual Data
Trend Dec21 Dec22 Dec23
Days Inventory
0.00 201.36 77.81

African Agriculture Holdings Quarterly Data
Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only 103.27 67.27 66.29 73.11 74.70

AAGR vs SHMP, AGRI, ADM: Days Inventory Comparison

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 Days Inventory vs 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

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 74.70 mean?
African Agriculture Holdings (AAGR) has a Days Inventory of 74.70 as of Mar. 2024. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on African Agriculture Holdings and its competitors.
Is African Agriculture Holdings' Days Inventory too high?
African Agriculture Holdings' current Days Inventory is 74.70. The Consumer Packaged Goods industry median Days Inventory is 82.66. African Agriculture Holdings' value of 74.70 is 9.6% below this industry median.
How does African Agriculture Holdings' Days Inventory compare to SHMP and AGRI?
African Agriculture Holdings' Days Inventory of 74.70 can be compared against companies in the Consumer Packaged Goods industry. The industry median Days Inventory is 82.66. African Agriculture Holdings' value of 74.70 is 9.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Consumer Packaged Goods company?
The median Days Inventory among Consumer Packaged Goods companies is 82.66, based on 1,864 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. African Agriculture Holdings's current Days Inventory of 74.70 is 9.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on African Agriculture Holdings and its competitors. For the Consumer Packaged Goods industry, the median Days Inventory is 82.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. African Agriculture Holdings's current Days Inventory is 74.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is African Agriculture Holdings stock overvalued right now?
African Agriculture Holdings (AAGR) has a current Days Inventory of 74.70. The current Days Inventory is 74.70 and 9.6% below the Consumer Packaged Goods industry median of 82.66. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For African Agriculture Holdings (AAGR), the current Days Inventory is 74.70 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

African Agriculture Holdings Business Description

Address 445 Park Avenue, Ninth Floor, New York, NY, USA, 10022
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 in Senegal and the surrounding regions in Africa, the Economic Community of West African States (ECOWAS) region and the Middle East.