Elders (FRA:FTZ) Days Inventory : 79.03 (As of Sep. 2023)

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What is Elders Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Elders's Average Total Inventories for the six months ended in Sep. 2023 was €354 Mil. Elders's Cost of Goods Sold for the six months ended in Sep. 2023 was €818 Mil. Hence, Elders's Days Inventory for the six months ended in Sep. 2023 was 79.03.

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

FRA:FTZ' s Days Inventory Range Over the Past 10 Years
Min: 28.62 Med: 47.04 Max: 76.73
Current: 76.73

During the past 13 years, Elders's highest Days Inventory was 76.73. The lowest was 28.62. And the median was 47.04.

FRA:FTZ's Days Inventory is ranked better than
53.28% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs FRA:FTZ: 76.73

Elders's Days Inventory increased from Sep. 2022 (60.94) to Sep. 2023 (79.03). It might indicate that Elders's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Elders's Inventory Turnover for the six months ended in Sep. 2023 was 2.31.

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. Elders's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.35.

Elders Days Inventory Historical Data

The historical data trend for Elders'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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Elders Days Inventory Chart

Elders Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

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49.89

53.10

60.65

58.96

78.26

Elders Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															57.75	66.49	60.94	81.82	79.03

Competitive Comparison of Elders's Days Inventory

For the Farm Products subindustry, Elders'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.

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

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

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

Elders Days Inventory Calculation

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

Elders's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (375.872	+	325.65)	/	2 )	/	1635.881	*	365
=	350.761					/	1635.881	*	365
=	78.26

Elders's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (383.13	+	325.65)	/	2 )	/	818.34	*	365 / 2
=	354.39					/	818.34	*	365 / 2
=	79.03

Elders (FRA:FTZ) 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.

Elders's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	818.34	/	354.39
	=	2.31

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.

Elders's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	354.39	/	1000.272
	=	0.35

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.

Elders Days Inventory Related Terms

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

Elders (FRA:FTZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Elders Ltd (FRA:FTZ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

EDESY:USA ELD:Australia

Address

80 Grenfell Street, Level 10, Adelaide, SA, AUS, 5000

Website

https://www.elders.com.au

Elders Ltd is a farm products company. The company's operating segments include Branch Network; Wholesale Products; Feed and Processing Services and Corporate Services and Other Costs. It generates maximum revenue from the Branch Network segment. The Branch Network segment includes the provision of products and services through a common distribution channel, including agricultural retail products, agency services, and financial services.

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