Ricegrowers (ASX:SGLLV) Days Inventory : 202.71 (As of Oct. 2024)

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What is Ricegrowers Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ricegrowers's Average Total Inventories for the six months ended in Oct. 2024 was A$599 Mil. Ricegrowers's Cost of Goods Sold for the six months ended in Oct. 2024 was A$539 Mil. Hence, Ricegrowers's Days Inventory for the six months ended in Oct. 2024 was 202.71.

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

ASX:SGLLV' s Days Inventory Range Over the Past 10 Years
Min: 165.02 Med: 192.44 Max: 207.23
Current: 189.93

During the past 6 years, Ricegrowers's highest Days Inventory was 207.23. The lowest was 165.02. And the median was 192.44.

ASX:SGLLV's Days Inventory is ranked worse than
85.49% of 1820 companies
in the Consumer Packaged Goods industry
Industry Median: 81.995 vs ASX:SGLLV: 189.93

Ricegrowers's Days Inventory increased from Oct. 2023 (184.31) to Oct. 2024 (202.71). It might indicate that Ricegrowers's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ricegrowers's Inventory Turnover for the six months ended in Oct. 2024 was 0.90.

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. Ricegrowers's Inventory-to-Revenue for the six months ended in Oct. 2024 was 0.66.

Ricegrowers Days Inventory Historical Data

The historical data trend for Ricegrowers'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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Ricegrowers Days Inventory Chart

Ricegrowers Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Days Inventory

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165.02

184.28

200.69

207.23

200.60

Ricegrowers Semi-Annual Data
	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Days Inventory	Get a 7-Day Free Trial							236.82	201.32	184.31	192.82	202.71

Competitive Comparison of Ricegrowers's Days Inventory

For the Farm Products subindustry, Ricegrowers'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.

Ricegrowers's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

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

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Ricegrowers Days Inventory Calculation

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

Ricegrowers's Days Inventory for the fiscal year that ended in Apr. 2024 is calculated as

	Days Inventory (A: Apr. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Apr. 2023 )	+	Total Inventories (A: Apr. 2024 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2024 )	*	Days in Period
=	( (569.918	+	675.877)	/	2 )	/	1133.398	*	365
=	622.8975					/	1133.398	*	365
=	200.60

Ricegrowers's Days Inventory for the quarter that ended in Oct. 2024 is calculated as:

	Days Inventory (Q: Oct. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Apr. 2024 )	+	Total Inventories (Q: Oct. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
=	( (675.877	+	521.564)	/	2 )	/	539.029	*	365 / 2
=	598.7205					/	539.029	*	365 / 2
=	202.71

Ricegrowers (ASX:SGLLV) 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.

Ricegrowers's Inventory Turnover for the six months ended in Oct. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	539.029	/	598.7205
	=	0.90

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.

Ricegrowers's Inventory to Revenue for the six months ended in Oct. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	598.7205	/	910.671
	=	0.66

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.

Ricegrowers Days Inventory Related Terms

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

Ricegrowers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ricegrowers Ltd (ASX:SGLLV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

7H0:Germany

Address

57 Yanco Avenue, Leeton, NSW, AUS, 2705

Website

https://www.sunrice.com.au

Ricegrowers Ltd is engaged in offering varieties of rice and related products. The business activities of the company are operated under Rice Food, International Rice, Rice Food, Riviana, CopRice, and Corporate segments. The principal activities of the company and its entities consist of the purchase and storage of paddy rice, the milling, processing, manufacturing, procurement, distribution, and marketing of rice and related products, animal feed and nutrition products, groceries, and others. The company generates maximum revenue from the International Rice segment.

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