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Bega Cheese (FRA:B6G) Days Inventory : 49.96 (As of Jun. 2024)


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What is Bega Cheese Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bega Cheese's Average Total Inventories for the six months ended in Jun. 2024 was €244 Mil. Bega Cheese's Cost of Goods Sold for the six months ended in Jun. 2024 was €891 Mil. Hence, Bega Cheese's Days Inventory for the six months ended in Jun. 2024 was 49.96.

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

FRA:B6G' s Days Inventory Range Over the Past 10 Years
Min: 50.08   Med: 65.19   Max: 81.78
Current: 52.65

During the past 13 years, Bega Cheese's highest Days Inventory was 81.78. The lowest was 50.08. And the median was 65.19.

FRA:B6G's Days Inventory is ranked better than
72.74% of 1827 companies
in the Consumer Packaged Goods industry
Industry Median: 83.55 vs FRA:B6G: 52.65

Bega Cheese's Days Inventory declined from Jun. 2023 (55.87) to Jun. 2024 (49.96).

Inventory Turnover measures how fast the company turns over its inventory within a year. Bega Cheese's Inventory Turnover for the six months ended in Jun. 2024 was 3.65.

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. Bega Cheese's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.22.


Bega Cheese Days Inventory Historical Data

The historical data trend for Bega Cheese'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.

Bega Cheese Days Inventory Chart

Bega Cheese Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 80.67 67.36 50.88 51.64 50.98

Bega Cheese Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 51.86 51.44 55.87 57.41 49.96

Competitive Comparison of Bega Cheese's Days Inventory

For the Packaged Foods subindustry, Bega Cheese'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.


Bega Cheese's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

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



Bega Cheese Days Inventory Calculation

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

Bega Cheese's Days Inventory for the fiscal year that ended in Jun. 2024 is calculated as

Days Inventory (A: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2023 ) + Total Inventories (A: Jun. 2024 )) / count ) / Cost of Goods Sold (A: Jun. 2024 )*Days in Period
=( (265.564 + 220.9) / 2 ) / 1741.474*365
=243.232 / 1741.474*365
=50.98

Bega Cheese's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (266.875 + 220.9) / 2 ) / 890.939*365 / 2
=243.8875 / 890.939*365 / 2
=49.96

* 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.


Bega Cheese  (FRA:B6G) 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.

Bega Cheese's Inventory Turnover for the six months ended in Jun. 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.

Bega Cheese's Inventory to Revenue for the six months ended in Jun. 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.


Bega Cheese Days Inventory Related Terms

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Bega Cheese Business Description

Traded in Other Exchanges
Address
23 Ridge Street, Bega, NSW, AUS, 2550
Bega Group is an Australia-based dairy processor and food manufacturer of well-known brands including Bega Cheese and Vegemite. Bega operates two segments: the branded segment which produces consumer packaged goods primarily sold through the supermarket and foodservice channels and the bulk segment which produces commodity dairy ingredients primarily sold through the business-to-business channel.

Bega Cheese Headlines

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