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Honeywell Flour Mills (NSA:HFM) Days Inventory : 84.46 (As of Mar. 2023)


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What is Honeywell Flour Mills Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Honeywell Flour Mills's Average Total Inventories for the six months ended in Mar. 2023 was ₦31,891 Mil. Honeywell Flour Mills's Cost of Goods Sold for the six months ended in Mar. 2023 was ₦137,823 Mil. Hence, Honeywell Flour Mills's Days Inventory for the six months ended in Mar. 2023 was 42.23.

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

NSA:HFM' s Days Inventory Range Over the Past 10 Years
Min: 40.7   Med: 73.87   Max: 104.67
Current: 84.46

During the past 13 years, Honeywell Flour Mills's highest Days Inventory was 104.67. The lowest was 40.70. And the median was 73.87.

NSA:HFM's Days Inventory is ranked worse than
50.98% of 1781 companies
in the Consumer Packaged Goods industry
Industry Median: 82.66 vs NSA:HFM: 84.46

Honeywell Flour Mills's Days Inventory increased from Mar. 2021 (72.45) to Mar. 2023 (84.46). It might indicate that Honeywell Flour Mills's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Honeywell Flour Mills's Inventory Turnover for the six months ended in Mar. 2023 was 4.32.

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. Honeywell Flour Mills's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.22.


Honeywell Flour Mills Days Inventory Historical Data

The historical data trend for Honeywell Flour Mills'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.

Honeywell Flour Mills Days Inventory Chart

Honeywell Flour Mills Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 63.68 86.69 72.45 75.28 84.46

Honeywell Flour Mills Semi-Annual Data
Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
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 63.68 86.69 72.45 75.28 84.46

Competitive Comparison of Honeywell Flour Mills's Days Inventory

For the Packaged Foods subindustry, Honeywell Flour Mills'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.


Honeywell Flour Mills's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Honeywell Flour Mills's Days Inventory falls into.



Honeywell Flour Mills Days Inventory Calculation

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

Honeywell Flour Mills's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

Days Inventory (A: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (31725.805 + 32056.412) / 2 ) / 137822.539*365
=31891.1085 / 137822.539*365
=84.46

Honeywell Flour Mills's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

Days Inventory (Q: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2022 ) + Total Inventories (Q: Mar. 2023 )) / count ) / Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=( (31725.805 + 32056.412) / 2 ) / 137822.539*365 / 2
=31891.1085 / 137822.539*365 / 2
=42.23

* 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.


Honeywell Flour Mills  (NSA:HFM) 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.

Honeywell Flour Mills's Inventory Turnover for the six months ended in Mar. 2023 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.

Honeywell Flour Mills's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=31891.1085 / 147350.739
=0.22

* 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.


Honeywell Flour Mills Days Inventory Related Terms

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


Honeywell Flour Mills (NSA:HFM) Business Description

Traded in Other Exchanges
N/A
Address
2nd Gate Bye-Pass, Tin Can Island, Apapa, Lagos, NGA
Honeywell Flour Mills PLC is a Nigeria-based company. It is engaged in the manufacturing of wheat-based products such as flour, semolina, whole wheat meal, noodles, and pasta. The company operates its business through geographical segments that are Ikeja, which manufacture noodles; Sagamu segment manufactures Pasta and Apapa, which manufactures flour, semolina, wheat meal, brown flour and Baker's delight flour. The Apapa generates maximum revenue for the company. The company offers its services throughout Nigeria region.

Honeywell Flour Mills (NSA:HFM) Headlines

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