RIBT (RiceBran Technologies) Days Inventory : 26.50 (As of Mar. 2024)

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What is RiceBran Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). RiceBran Technologies's Average Total Inventories for the three months ended in Mar. 2024 was $0.48 Mil. RiceBran Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was $1.65 Mil. Hence, RiceBran Technologies's Days Inventory for the three months ended in Mar. 2024 was 26.50.

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

RIBT' s Days Inventory Range Over the Past 10 Years
Min: 7.98 Med: 25.53 Max: 88.7
Current: 17.47

During the past 13 years, RiceBran Technologies's highest Days Inventory was 88.70. The lowest was 7.98. And the median was 25.53.

RIBT's Days Inventory is ranked better than
95.64% of 1811 companies
in the Consumer Packaged Goods industry
Industry Median: 81.87 vs RIBT: 17.47

RiceBran Technologies's Days Inventory declined from Mar. 2023 (81.14) to Mar. 2024 (26.50).

Inventory Turnover measures how fast the company turns over its inventory within a year. RiceBran Technologies's Inventory Turnover for the three months ended in Mar. 2024 was 3.44.

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. RiceBran Technologies's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.23.

RiceBran Technologies Days Inventory Historical Data

The historical data trend for RiceBran Technologies'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.

RiceBran Technologies Days Inventory Chart

RiceBran Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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13.78

17.67

25.70

19.37

7.98

RiceBran Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															81.14	22.12	8.38	8.65	26.50

Competitive Comparison of RiceBran Technologies's Days Inventory

For the Packaged Foods subindustry, RiceBran Technologies'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.

RiceBran Technologies's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

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

RiceBran Technologies Days Inventory Calculation

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

RiceBran Technologies'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
=	( (0.465	+	0.543)	/	2 )	/	23.06	*	365
=	0.504					/	23.06	*	365
=	7.98

RiceBran Technologies's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.543	+	0.417)	/	2 )	/	1.653	*	365 / 4
=	0.48					/	1.653	*	365 / 4
=	26.50

RiceBran Technologies (OTCPK:RIBT) 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.

RiceBran Technologies's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.653	/	0.48
	=	3.44

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.

RiceBran Technologies's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.48	/	2.116
	=	0.23

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.

RiceBran Technologies Days Inventory Related Terms

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

RiceBran Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » RiceBran Technologies (OTCPK:RIBT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

25420 Kuykendahl Road, Suite B300, Tomball, TX, USA, 77375

Website

https://www.ricebrantech.com

RiceBran Technologies is a specialty ingredient company focused on developing, producing, and marketing products derived from traditional and ancient small grains. It creates and produces products utilizing proprietary processes to deliver improved nutrition, ease of use, and extended shelf-life, while addressing consumer demand for all-natural, non-GMO, and organic products. Its existing and target customers are food and animal nutrition manufacturers, wholesalers, and retailers domestically and internationally. Its products includes Rice Bran and Grain Products.

Executives

Eric Tompkins	director, officer: Executive Chairman	25420 KUYKENDAHL ROAD, SUITE B300, TOMBALL TX 77375
William J Keneally	officer: Interim CFO	28601 CHAGRIN BLVD., CLEVELAND OH 44122
Continental Grain Co	10 percent owner	767 FIFTH AVENUE, NEW YORK NY 10153
Jean Heggie	director	25 ALGONQUIN WOOD PLACE, SAINT LOUIS MO 63122
William Black	director	3828 BOUQUET RD, WILDWOOD MO 63069
David I. Chemerow	director	PLAYBOY ENT., INC. - H. SHAPIRO, 680 N LAKE SHORE DRIVE, CHICAGO IL 60611
Todd T Mitchell	officer: Executive Vice President	299 S. MAIN STREET, STE.2370, SALT LAKE CITY UT 84111
Brent David Rosenthal	director	C/O WR HUFF ASSET MANAGEMENT, 67 PARK PLACE, MORRISTOWN NJ 07960
Ari David Gendason	director	1330 LAKE ROBBINS DRIVE, SUITE 250, THE WOODLANDS TX 77380
Peter Bradley	director	777 E. WISCONSIN AVE., MILWAUKEE WI 53202
David Goldman	director	1330 LAKE ROBBINS DRIVE, SUITE 250, THE WOODLANDS TX 77380
Beth L Bronner	director	2928 RAMCO STREET, SUITE 120, C/O RICEBRAN TECHNOLOGIES, WEST SACRAMENTO CA 95691
Brent Robert Rystrom	officer: CFO and EVP	1330 LAKE ROBBINS DRIVE, SUITE 250, THE WOODLANDS TX 77380
Baruch Halpern	director	C/O ION NETWORKS INC, 120 CORPORATE BLVD, S PLAINFIELD NJ 07080
Henk Hoogenkamp	director	1330 LAKE ROBBINS DRIVE, SUITE 250, THE WOODLANDS TX 77380