Fertiglobe (ADX:FERTIGLB) Days Inventory : 28.45 (As of Dec. 2023)

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What is Fertiglobe Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fertiglobe's Average Total Inventories for the three months ended in Dec. 2023 was د.إ448 Mil. Fertiglobe's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ1,437 Mil. Hence, Fertiglobe's Days Inventory for the three months ended in Dec. 2023 was 28.45.

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

ADX:FERTIGLB' s Days Inventory Range Over the Past 10 Years
Min: 17.65 Med: 31.23 Max: 37.4
Current: 29.6

During the past 7 years, Fertiglobe's highest Days Inventory was 37.40. The lowest was 17.65. And the median was 31.23.

ADX:FERTIGLB's Days Inventory is ranked better than
96.94% of 229 companies
in the Agriculture industry
Industry Median: 111.36 vs ADX:FERTIGLB: 29.60

Fertiglobe's Days Inventory increased from Dec. 2022 (21.82) to Dec. 2023 (28.45). It might indicate that Fertiglobe's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fertiglobe's Inventory Turnover for the three months ended in Dec. 2023 was 3.21.

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. Fertiglobe's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.19.

Fertiglobe Days Inventory Historical Data

The historical data trend for Fertiglobe'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.

Fertiglobe Days Inventory Chart

Fertiglobe Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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37.40

32.30

24.90

17.65

30.16

Fertiglobe Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial											21.82	28.29	32.11	29.16	28.45

Competitive Comparison of Fertiglobe's Days Inventory

For the Agricultural Inputs subindustry, Fertiglobe'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.

Fertiglobe's Days Inventory Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Fertiglobe's Days Inventory distribution charts can be found below:

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

Fertiglobe Days Inventory Calculation

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

Fertiglobe'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
=	( (458.746	+	490.7)	/	2 )	/	5745.159	*	365
=	474.723					/	5745.159	*	365
=	30.16

Fertiglobe'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
=	( (405.122	+	490.7)	/	2 )	/	1436.841	*	365 / 4
=	447.911					/	1436.841	*	365 / 4
=	28.45

Fertiglobe (ADX:FERTIGLB) 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.

Fertiglobe's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1436.841	/	447.911
	=	3.21

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.

Fertiglobe's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	447.911	/	2372.33
	=	0.19

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.

Fertiglobe Days Inventory Related Terms

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

Fertiglobe (ADX:FERTIGLB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Fertiglobe PLC (ADX:FERTIGLB) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abu Dhabi Global Market Square, 2475-2476, 20th floor, Al Sila Tower, Al Maryah Island, ARE

Website

https://www.fertiglobe.com

Fertiglobe PLC is engaged in the production of urea, ammonia, and other gas-based fertilizers for export and distribution. The company's portfolio of products comprises ammonia, urea for agricultural and industrial customers, and DEF, which is also known as AdBlue in Europe and marketed as AdGreen by FERTIL, for industrial customers.

Fertiglobe (ADX:FERTIGLB) Headlines

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