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Green Rise Foods (TSXV:GRF) Days Inventory : 22.18 (As of Dec. 2023)


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What is Green Rise Foods Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Green Rise Foods's Average Total Inventories for the three months ended in Dec. 2023 was C$1.88 Mil. Green Rise Foods's Cost of Goods Sold for the three months ended in Dec. 2023 was C$7.74 Mil. Hence, Green Rise Foods's Days Inventory for the three months ended in Dec. 2023 was 22.18.

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

TSXV:GRF' s Days Inventory Range Over the Past 10 Years
Min: 5.03   Med: 11.16   Max: 34.44
Current: 34.44

During the past 7 years, Green Rise Foods's highest Days Inventory was 34.44. The lowest was 5.03. And the median was 11.16.

TSXV:GRF's Days Inventory is ranked better than
87.28% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs TSXV:GRF: 34.44

Green Rise Foods's Days Inventory increased from Dec. 2022 (12.86) to Dec. 2023 (22.18). It might indicate that Green Rise Foods's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Green Rise Foods's Inventory Turnover for the three months ended in Dec. 2023 was 4.11.

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. Green Rise Foods's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.44.


Green Rise Foods Days Inventory Historical Data

The historical data trend for Green Rise 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.

Green Rise Foods Days Inventory Chart

Green Rise Foods Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 5.03 11.57 13.94 10.54 11.16

Green Rise Foods Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.86 - 44.08 32.66 22.18

Competitive Comparison of Green Rise Foods's Days Inventory

For the Farm Products subindustry, Green Rise 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.


Green Rise Foods's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

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



Green Rise Foods Days Inventory Calculation

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

Green Rise 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
=( (0.491 + 0.99) / 2 ) / 24.211*365
=0.7405 / 24.211*365
=11.16

Green Rise Foods's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (2.772 + 0.99) / 2 ) / 7.74*365 / 4
=1.881 / 7.74*365 / 4
=22.18

* 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.


Green Rise Foods  (TSXV:GRF) 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.

Green Rise Foods's Inventory Turnover for the three months ended in Dec. 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.

Green Rise Foods's Inventory to Revenue for the three months ended in Dec. 2023 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.


Green Rise Foods Days Inventory Related Terms

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


Green Rise Foods (TSXV:GRF) Business Description

Traded in Other Exchanges
N/A
Address
47 Colborne Street, Suite 301, Toronto, ON, CAN, M5E1P8
Green Rise Foods Inc is a grower of fresh produce. The company takes pride in providing high-quality, consistent and reliable products to meet the growing consumer demand for locally grown fresh produce. It seeks to optimize its operations to generate improved product quality and shelf life, expand profit margins, and provide investors with meaningful and growing returns. The seasonal operation consists of the growing, packaging, and sale of produce to majority of its customers.