Greenfern Industries (NZSE:GFI) Days Inventory : 136.88 (As of Mar. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Greenfern Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Greenfern Industries's Average Total Inventories for the six months ended in Mar. 2023 was NZ$0.02 Mil. Greenfern Industries's Cost of Goods Sold for the six months ended in Mar. 2023 was NZ$0.06 Mil. Hence, Greenfern Industries's Days Inventory for the six months ended in Mar. 2023 was 68.44.

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

NZSE:GFI' s Days Inventory Range Over the Past 10 Years
Min: 136.88 Med: 136.88 Max: 136.88
Current: 136.88

During the past 2 years, Greenfern Industries's highest Days Inventory was 136.88. The lowest was 136.88. And the median was 136.88.

NZSE:GFI's Days Inventory is ranked better than
59.55% of 974 companies
in the Drug Manufacturers industry
Industry Median: 158.355 vs NZSE:GFI: 136.88

Greenfern Industries's Days Inventory increased from . 20 (0.00) to Mar. 2023 (136.88). It might indicate that Greenfern Industries's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Greenfern Industries's Inventory Turnover for the six months ended in Mar. 2023 was 2.67.

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. Greenfern Industries's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.04.

Greenfern Industries Days Inventory Historical Data

The historical data trend for Greenfern Industries'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.

Greenfern Industries Days Inventory Chart

Greenfern Industries Annual Data

Trend

Mar22

Mar23

Days Inventory

136.88

Greenfern Industries Semi-Annual Data
	Mar22	Mar23
Days Inventory	-	136.88

Competitive Comparison of Greenfern Industries's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Greenfern Industries'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.

Greenfern Industries's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Greenfern Industries's Days Inventory distribution charts can be found below:

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

Greenfern Industries Days Inventory Calculation

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

Greenfern Industries'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
=	( (0	+	0.024)	/	1 )	/	0.064	*	365
=	0.024					/	0.064	*	365
=	136.88

Greenfern Industries'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
=	( (0	+	0.024)	/	1 )	/	0.064	*	365 / 2
=	0.024					/	0.064	*	365 / 2
=	68.44

Greenfern Industries (NZSE:GFI) 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.

Greenfern Industries's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.064	/	0.024
	=	2.67

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.

Greenfern Industries's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.024	/	0.551
	=	0.04

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.

Greenfern Industries Days Inventory Related Terms

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

Greenfern Industries (NZSE:GFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenfern Industries Ltd (NZSE:GFI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

115 Queen Street, Level 8, General Capital House, Auckland, NTL, NZL, 1040

Website

https://www.gfi.nz

Greenfern Industries Ltd is committed to the environmentally friendly production of medicinal cannabis and hemp-based products. It operates in two segments, Cannabis and therapeutics products the operations of this segment reflect the activities of manufacture and distribution of cannabis products, Electricity generation this segment includes the generation and distribution of electricity. The hemp seed and its by-products are used for a range of different products from a high protein ingredient in a plant-based meat substitute, a hemp-based skincare range, and hemp-based beverages amongst other things.