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Sea Harvest Group (JSE:SHG) Days Inventory : 93.37 (As of Dec. 2023)


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What is Sea Harvest Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sea Harvest Group's Average Total Inventories for the six months ended in Dec. 2023 was R1,161 Mil. Sea Harvest Group's Cost of Goods Sold for the six months ended in Dec. 2023 was R2,269 Mil. Hence, Sea Harvest Group's Days Inventory for the six months ended in Dec. 2023 was 93.37.

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

JSE:SHG' s Days Inventory Range Over the Past 10 Years
Min: 63.38   Med: 76.6   Max: 97.71
Current: 88.44

During the past 10 years, Sea Harvest Group's highest Days Inventory was 97.71. The lowest was 63.38. And the median was 76.60.

JSE:SHG's Days Inventory is ranked worse than
53.84% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 81.97 vs JSE:SHG: 88.44

Sea Harvest Group's Days Inventory increased from Dec. 2022 (80.07) to Dec. 2023 (93.37). It might indicate that Sea Harvest Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sea Harvest Group's Inventory Turnover for the six months ended in Dec. 2023 was 1.95.

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. Sea Harvest Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.39.

Sea Harvest Group Days Inventory Historical Data

The historical data trend for Sea Harvest Group'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.

Sea Harvest Group Days Inventory Chart

Sea Harvest Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 71.53 87.27 97.71 83.49 87.23

Sea Harvest Group Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 94.76 94.22 80.07 84.99 93.37

Competitive Comparison of Sea Harvest Group's Days Inventory

For the Farm Products subindustry, Sea Harvest Group'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.

Sea Harvest Group's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Sea Harvest Group's Days Inventory falls into.


Sea Harvest Group Days Inventory Calculation

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

Sea Harvest Group'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
=( (1091.106 + 1152.786) / 2 ) / 4694.367*365
=1121.946 / 4694.367*365
=87.23

Sea Harvest Group'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: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (1168.387 + 1152.786) / 2 ) / 2268.516*365 / 2
=1160.5865 / 2268.516*365 / 2
=93.37

* 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.

Sea Harvest Group  (JSE:SHG) 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.

Sea Harvest Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=2268.516 / 1160.5865
=1.95

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.

Sea Harvest Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=1160.5865 / 3002.137
=0.39

* 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.

Sea Harvest Group Days Inventory Related Terms

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

Sea Harvest Group (JSE:SHG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sea Harvest Group Ltd (JSE:SHG) » Definitions » Days Inventory
Comparable Companies
JSE:KAL JSE:QFH JSE:CKS JSE:ARL ADM SZSE:002714 SZSE:300498 SHSE:600438 TSN BG OSL:MOWI OSL:SALM SZSE:000876 ISX:CPIN XKLS:2445 XKLS:4065 BKK:CPF SZSE:002385 SHSE:600095 SHSE:600598
Traded in Other Exchanges
N/A
Address
Searle Street, 1st Floor, Block C, The Boulevard Office Park, Woodstock, Cape Town, ZAF, 7925
Website
https://www.seaharvest.co.za
Sea Harvest Group Ltd is engaged in the fishing of Cape Hake and Shark Bay Prawns along with Horse Mackerel, Pilchards, Anchovies, and a variety of farmed species, processing of the catch into frozen and chilled seafood, and the marketing of these products, locally and internationally. It operates in four segments: South African Fishing, Australian operation, Aquaculture, and Cape Harvest Foods segments." The majority of its revenue comes from the South African Fishing segment.