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Davis Commodities (Davis Commodities) Days Inventory : 1.03 (As of Dec. 2023)


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What is Davis Commodities Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Davis Commodities's Average Total Inventories for the six months ended in Dec. 2023 was $0.5 Mil. Davis Commodities's Cost of Goods Sold for the six months ended in Dec. 2023 was $90.2 Mil. Hence, Davis Commodities's Days Inventory for the six months ended in Dec. 2023 was 1.03.

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

DTCK' s Days Inventory Range Over the Past 10 Years
Min: 0.43   Med: 1.56   Max: 2.7
Current: 2.11

During the past 4 years, Davis Commodities's highest Days Inventory was 2.70. The lowest was 0.43. And the median was 1.56.

DTCK's Days Inventory is ranked better than
99.72% of 1791 companies
in the Consumer Packaged Goods industry
Industry Median: 83.4 vs DTCK: 2.11

Davis Commodities's Days Inventory declined from Dec. 2022 (2.25) to Dec. 2023 (1.03).

Inventory Turnover measures how fast the company turns over its inventory within a year. Davis Commodities's Inventory Turnover for the six months ended in Dec. 2023 was 177.50.

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. Davis Commodities's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.01.

Davis Commodities Days Inventory Historical Data

The historical data trend for Davis Commodities'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.

Davis Commodities Days Inventory Chart

Davis Commodities Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Inventory
0.98 0.43 2.14 2.70

Davis Commodities Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial 0.17 0.37 2.25 2.59 1.03

Competitive Comparison of Davis Commodities's Days Inventory

For the Farm Products subindustry, Davis Commodities'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.

Davis Commodities's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

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


Davis Commodities Days Inventory Calculation

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

Davis Commodities'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
=( (2.176 + 0.537) / 2 ) / 183.695*365
=1.3565 / 183.695*365
=2.70

Davis Commodities'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: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0.479 + 0.537) / 2 ) / 90.17*365 / 2
=0.508 / 90.17*365 / 2
=1.03

* 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.

Davis Commodities  (NAS:DTCK) 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.

Davis Commodities's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=90.17 / 0.508
=177.50

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.

Davis Commodities's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.508 / 92.96
=0.01

* 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.

Davis Commodities Days Inventory Related Terms

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

Davis Commodities (Davis Commodities) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Davis Commodities Ltd (NAS:DTCK) » Definitions » Days Inventory
Comparable Companies
VFF GCEH ALCO SDOT SANW LOCL SHMP TAER AQB SISI ADM SZSE:002714 SZSE:300498 TSN SHSE:600438 BG OSL:MOWI OSL:SALM SZSE:000876 ISX:CPIN
Traded in Other Exchanges
N/A
Address
10 Bukit Batok Crescent, No. 10-01, The Spire, Singapore, SGP, 658079
Website
Davis Commodities Ltd is an agricultural commodity trading company based in Singapore which specializes in trading of three main categories of agricultural commodities namely sugar, rice, and oil and fat products. It distributes agricultural commodities to various markets, including Asia, Africa and the Middle East. The company also provides customers of commodity offerings with complementary, ancillary services such as warehouse handling and storage and logistics services.