Borealis Foods (Borealis Foods) Days Inventory : 0.00 (As of Dec. 2023)

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What is Borealis Foods Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Borealis Foods's Average Total Inventories for the six months ended in Dec. 2023 was $6.29 Mil. Borealis Foods's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.00 Mil.

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

During the past 3 years, Borealis Foods's highest Days Inventory was 280.06. The lowest was 160.78. And the median was 220.42.

BRLS's Days Inventory is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 82.815
* Ranked among companies with meaningful Days Inventory only.

Borealis Foods's Days Inventory declined from Dec. 2021 (160.78) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Borealis Foods's Inventory Turnover for the six months ended in Dec. 2023 was 0.00.

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.

Borealis Foods Days Inventory Historical Data

The historical data trend for Borealis 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.

Borealis Foods Days Inventory Chart

Borealis Foods Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

160.78

280.06

Borealis Foods Semi-Annual Data
	Dec21	Dec22	Dec23
Days Inventory	160.78	280.06	-

Competitive Comparison of Borealis Foods's Days Inventory

For the Packaged Foods subindustry, Borealis 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.

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

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

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

Borealis Foods Days Inventory Calculation

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

Borealis 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
=	( (6.285	+	0)	/	1 )	/	0	*	365
=	6.285					/	0	*	365
=	N/A

Borealis 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: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (6.285	+	0)	/	1 )	/	0	*	365 / 2
=	6.285					/	0	*	365 / 2
=	N/A

Borealis Foods (NAS:BRLS) 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.

Borealis Foods's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	6.285
	=	0.00

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.

Borealis Foods's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.285	/	0
	=

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.

Borealis Foods Days Inventory Related Terms

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

Borealis Foods (Borealis Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Borealis Foods Inc (NAS:BRLS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1540 Cornwall Road, Suite 104, Oakville, ON, CAN, L6J7W5

Website

https://www.borealisfoods.com

Borealis Foods Inc is a food technology company that has developed high-quality, affordable, sustainable, and nutritious ready-to-eat meals. It is a mission-driven company committed to utilizing its products to help solve national and global food security and nutrition challenges. Its commitment to nutrition, affordability and sustainability reflects its goal of positively impacting both human life and the planet. Through the development and launch of its ready-made ramen, featuring 20 grams of complete plant-based protein per serving, Borealis is developing advanced solutions to address global food challenges.

Borealis Foods (Borealis Foods) Headlines

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