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Pangea Natural Foods (Pangea Natural Foods) Days Inventory : 812.13 (As of Jan. 2024)


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What is Pangea Natural Foods Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pangea Natural Foods's Average Total Inventories for the three months ended in Jan. 2024 was $0.04 Mil. Pangea Natural Foods's Cost of Goods Sold for the three months ended in Jan. 2024 was $0.01 Mil. Hence, Pangea Natural Foods's Days Inventory for the three months ended in Jan. 2024 was 812.13.

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

PNGAF' s Days Inventory Range Over the Past 10 Years
Min: 32.11   Med: 58.39   Max: 168.69
Current: 168.69

During the past 3 years, Pangea Natural Foods's highest Days Inventory was 168.69. The lowest was 32.11. And the median was 58.39.

PNGAF's Days Inventory is ranked worse than
80.72% of 1784 companies
in the Consumer Packaged Goods industry
Industry Median: 83.835 vs PNGAF: 168.69

Pangea Natural Foods's Days Inventory increased from Jan. 2023 (69.81) to Jan. 2024 (812.13). It might indicate that Pangea Natural Foods'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. Pangea Natural Foods's Inventory Turnover for the three months ended in Jan. 2024 was 0.11.

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. Pangea Natural Foods's Inventory-to-Revenue for the three months ended in Jan. 2024 was 7.42.


Pangea Natural Foods Days Inventory Historical Data

The historical data trend for Pangea Natural 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.

* Premium members only.

Pangea Natural Foods Days Inventory Chart

Pangea Natural Foods Annual Data
Trend Oct21 Oct22 Oct23
Days Inventory
- 32.42 84.59

Pangea Natural Foods Quarterly Data
Oct21 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Days Inventory Get a 7-Day Free Trial Premium Member Only 69.81 83.32 543.99 165.91 812.13

Competitive Comparison of Pangea Natural Foods's Days Inventory

For the Packaged Foods subindustry, Pangea Natural 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.


Pangea Natural Foods's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

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



Pangea Natural Foods Days Inventory Calculation

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

Pangea Natural Foods's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as

Days Inventory (A: Oct. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Oct. 2022 ) + Total Inventories (A: Oct. 2023 )) / count ) / Cost of Goods Sold (A: Oct. 2023 )*Days in Period
=( (0.064 + 0.044) / 2 ) / 0.233*365
=0.054 / 0.233*365
=84.59

Pangea Natural Foods's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

Days Inventory (Q: Jan. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Oct. 2023 ) + Total Inventories (Q: Jan. 2024 )) / count ) / Cost of Goods Sold (Q: Jan. 2024 )*Days in Period
=( (0.044 + 0.045) / 2 ) / 0.005*365 / 4
=0.0445 / 0.005*365 / 4
=812.13

* 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.


Pangea Natural Foods  (OTCPK:PNGAF) 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.

Pangea Natural Foods's Inventory Turnover for the three months ended in Jan. 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.

Pangea Natural Foods's Inventory to Revenue for the three months ended in Jan. 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.


Pangea Natural Foods Days Inventory Related Terms

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


Pangea Natural Foods (Pangea Natural Foods) Business Description

Traded in Other Exchanges
Address
8035 - 130th Street, Surrey, BC, CAN, V3W 0H7
Pangea Natural Foods Inc engages in the production and sale of plant-based patties. Pangea manufactures the plant-based patties at the Facility in the Vancouver lower mainland and sells the patties through multiple distribution channels including online sales platforms and retailers. The Company currently has one reportable operating segment, the manufacturing and distribution of food products in Canada.