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The historical rank and industry rank for Above Food Ingredients's Days Inventory or its related term are showing as below:
ABVEF's Days Inventory is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 82.945 * Ranked among companies with meaningful Days Inventory only.
Above Food Ingredients's Days Inventory
declined
from Jul. 2023 (54.90) to Jul. 2024 (34.20).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Above Food Ingredients's Inventory Turnover for the
six
months ended in Jul. 2024 was 5.34.
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.
Above Food Ingredients's Inventory-to-Revenue for the
six
months ended in Jul. 2024 was 0.20.
Above Food Ingredients (OTCPK:ABVEF) 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.
Above Food Ingredients's Inventory Turnover for the
six
months ended in Jul. 2024 is calculated as
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.
Above Food Ingredients's Inventory to Revenue for the
six
months ended in Jul. 2024 is calculated as
* 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.
Above Food Ingredients Days Inventory Related Terms
Above Food Ingredients Days Inventory Historical Data
* Premium members only.
The historical data trend for Above Food Ingredients'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.
Above Food Ingredients Days Inventory Chart
Above Food Ingredients Annual Data
Trend
Jan22
Jan23
Jan24
Days Inventory
96.33
46.57
36.05
Above Food Ingredients Semi-Annual Data
Jan22
Jan23
Jul23
Jan24
Jul24
Days Inventory
0.00
0.00
54.90
21.82
34.20
ABVEF vs CTGL, NATR, BHST: Days Inventory Comparison
For the Packaged Foods subindustry, Above Food Ingredients'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.
Above Food Ingredients Days Inventory vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Above Food Ingredients's Days Inventory distribution charts can be found below:
* The bar in red indicates where Above Food Ingredients's Days Inventory falls into.
* 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.
Above Food Ingredients (ABVEF) has a Days Inventory of 34.20 as of Jul. 2024. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Above Food Ingredients and its competitors.
Is Above Food Ingredients' Days Inventory too high?
Above Food Ingredients' current Days Inventory is 34.20. The Consumer Packaged Goods industry median Days Inventory is 82.95. Above Food Ingredients' value of 34.20 is 58.8% below this industry median. Overall, Above Food Ingredients has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Above Food Ingredients' Days Inventory compare to CTGL and NATR?
Above Food Ingredients' Days Inventory of 34.20 can be compared against companies in the Consumer Packaged Goods industry. The industry median Days Inventory is 82.95. Above Food Ingredients' value of 34.20 is 58.8% 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 82.95, based on 1,872 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. Above Food Ingredients's current Days Inventory of 34.20 is 58.8% 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 Above Food Ingredients and its competitors. For the Consumer Packaged Goods industry, the median Days Inventory is 82.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Above Food Ingredients's current Days Inventory is 34.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Above Food Ingredients stock overvalued right now?
Above Food Ingredients (ABVEF) has a current Days Inventory of 34.20. The current Days Inventory is 34.20 and 58.8% below the Consumer Packaged Goods industry median of 82.95. Above Food Ingredients' overall GF Score™ is 16/100. 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 Above Food Ingredients (ABVEF), the current Days Inventory is 34.20 as of Jul. 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.
Above Food Ingredients Inc is a differentiated, regenerative ingredient company. Its products are made with real nutritious, flavorful ingredients and delivered with transparency. Its vision is to create a healthier world one seed, one field, and one bite at a time. With a robust chain of custody of plant proteins, enabled by scaled operations and infrastructure in primary agriculture and processing, and proprietary seed development capabilities that leverage the power of artificial intelligence driven genomics. The company delivers nutritious foods to businesses and consumers with traceability and sustainability. Above Food's consumer products and brands are available in grocers across Canada and the United States.
16GF Score
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