OGOFF (Organto Foods) Days Inventory : 20.19 (As of Sep. 2024)

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What is Organto Foods Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Organto Foods's Average Total Inventories for the three months ended in Sep. 2024 was $0.75 Mil. Organto Foods's Cost of Goods Sold for the three months ended in Sep. 2024 was $3.39 Mil. Hence, Organto Foods's Days Inventory for the three months ended in Sep. 2024 was 20.19.

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

OGOFF' s Days Inventory Range Over the Past 10 Years
Min: 2.08 Med: 9.02 Max: 45.4
Current: 11.07

During the past 13 years, Organto Foods's highest Days Inventory was 45.40. The lowest was 2.08. And the median was 9.02.

OGOFF's Days Inventory is ranked better than
92.03% of 301 companies
in the Retail - Defensive industry
Industry Median: 34.73 vs OGOFF: 11.07

Organto Foods's Days Inventory increased from Sep. 2023 (11.92) to Sep. 2024 (20.19). It might indicate that Organto Foods's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Organto Foods's Inventory Turnover for the three months ended in Sep. 2024 was 4.52.

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. Organto Foods's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.20.

Organto Foods Days Inventory Historical Data

The historical data trend for Organto Foods'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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Organto Foods Days Inventory Chart

Organto Foods Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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7.57

2.03

3.70

4.99

10.39

Organto Foods Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															11.92	4.78	15.38	19.87	20.19

Competitive Comparison of Organto Foods's Days Inventory

For the Food Distribution subindustry, Organto Foods'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.

Organto Foods's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Organto Foods's Days Inventory distribution charts can be found below:

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

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Organto Foods Days Inventory Calculation

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

Organto Foods'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
=	( (0.173	+	0.897)	/	2 )	/	18.799	*	365
=	0.535					/	18.799	*	365
=	10.39

Organto Foods's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.583	+	0.917)	/	2 )	/	3.389	*	365 / 4
=	0.75					/	3.389	*	365 / 4
=	20.19

Organto Foods (OTCPK:OGOFF) 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.

Organto Foods's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.389	/	0.75
	=	4.52

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.

Organto Foods's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.75	/	3.842
	=	0.20

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.

Organto Foods Days Inventory Related Terms

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Organto Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Organto Foods Inc (OTCPK:OGOFF) » Definitions » Days Inventory

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OGO:Canada

Address

1111 Melville Street, Suite 410, Vancouver, BC, CAN, V6E 3V6

Website

https://www.organto.com

Organto Foods Inc is an integrated provider of branded, private label and bulk distributed organic and non-GMO fruit and vegetable products using a strategic asset-light business model to serve a growing socially responsible and health-conscious consumer around the globe. The company provides various products including avocados, bananas, blueberries, mango, asparagus, ginger and fresh cut herbs amongst others, marketed in bulk and private label formats. It has one reportable business segment, being the sourcing, processing, packaging, distribution and marketing of organic and specialty food products in Europe.