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Fan Milk (XGHA:FML) Days Inventory : 106.79 (As of Dec. 2022)


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What is Fan Milk Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fan Milk's Average Total Inventories for the three months ended in Dec. 2022 was GHS166.0 Mil. Fan Milk's Cost of Goods Sold for the three months ended in Dec. 2022 was GHS141.9 Mil. Hence, Fan Milk's Days Inventory for the three months ended in Dec. 2022 was 106.79.

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

XGHA:FML's Days Inventory is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 83.86
* Ranked among companies with meaningful Days Inventory only.

Fan Milk's Days Inventory declined from Dec. 2021 (122.34) to Dec. 2022 (106.79).

Inventory Turnover measures how fast the company turns over its inventory within a year. Fan Milk's Inventory Turnover for the three months ended in Dec. 2022 was 0.85.

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. Fan Milk's Inventory-to-Revenue for the three months ended in Dec. 2022 was 1.07.


Fan Milk Days Inventory Historical Data

The historical data trend for Fan Milk'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.

Fan Milk Days Inventory Chart

Fan Milk Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec21 Dec22
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 90.83 88.51 105.54 140.09 138.29

Fan Milk Quarterly Data
Jun15 Sep15 Dec15 Mar16 Dec16 Mar17 Dec17 Sep18 Dec18 Sep19 Dec19 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 122.34 148.38 134.96 180.76 106.79

Competitive Comparison of Fan Milk's Days Inventory

For the Packaged Foods subindustry, Fan Milk'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.


Fan Milk's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Fan Milk's Days Inventory falls into.



Fan Milk Days Inventory Calculation

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

Fan Milk's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (168.083 + 150.977) / 2 ) / 421.066*365
=159.53 / 421.066*365
=138.29

Fan Milk's Days Inventory for the quarter that ended in Dec. 2022 is calculated as:

Days Inventory (Q: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2022 ) + Total Inventories (Q: Dec. 2022 )) / count ) / Cost of Goods Sold (Q: Dec. 2022 )*Days in Period
=( (181.071 + 150.977) / 2 ) / 141.862*365 / 4
=166.024 / 141.862*365 / 4
=106.79

* 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.


Fan Milk  (XGHA:FML) 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.

Fan Milk's Inventory Turnover for the three months ended in Dec. 2022 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.

Fan Milk's Inventory to Revenue for the three months ended in Dec. 2022 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.


Fan Milk Days Inventory Related Terms

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


Fan Milk (XGHA:FML) Business Description

Traded in Other Exchanges
N/A
Address
Airport Commercial Centre, 2nd Floor, Grand Oyeman Building, Accra, GHA
Fan Milk PLC engages in the manufacturing and distribution of dairy products and fruit drinks. The company's milk-based products consist of frozen ice creams, chocolate, and yoghurt that includes FanYogo (yoghurt), FanChoco (chocolate), and FanIce (ice cream). Its fruit-based products include FanDango (fruit drink) and FanPop. It distributes its products through independent distributors and agents. The majority of the revenue is derived from the manufacturing and distribution of dairy products and fruit drinks.

Fan Milk (XGHA:FML) Headlines

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