Various Eateries (LSE:VARE) Days Inventory : 7.65 (As of Sep. 2023)

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What is Various Eateries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Various Eateries's Average Total Inventories for the six months ended in Sep. 2023 was £0.99 Mil. Various Eateries's Cost of Goods Sold for the six months ended in Sep. 2023 was £23.58 Mil. Hence, Various Eateries's Days Inventory for the six months ended in Sep. 2023 was 7.65.

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

LSE:VARE' s Days Inventory Range Over the Past 10 Years
Min: 6.68 Med: 8.34 Max: 9.92
Current: 7.77

During the past 7 years, Various Eateries's highest Days Inventory was 9.92. The lowest was 6.68. And the median was 8.34.

LSE:VARE's Days Inventory is ranked better than
75.67% of 337 companies
in the Restaurants industry
Industry Median: 15.61 vs LSE:VARE: 7.77

Various Eateries's Days Inventory increased from Sep. 2022 (6.31) to Sep. 2023 (7.65). It might indicate that Various Eateries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Various Eateries's Inventory Turnover for the six months ended in Sep. 2023 was 23.86.

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. Various Eateries's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.04.

Various Eateries Days Inventory Historical Data

The historical data trend for Various Eateries'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.

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Various Eateries Days Inventory Chart

Various Eateries Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

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8.21

9.92

8.34

6.68

7.89

Various Eateries Semi-Annual Data
	Sep17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial							6.13	6.61	6.31	7.78	7.65

Competitive Comparison of Various Eateries's Days Inventory

For the Restaurants subindustry, Various Eateries'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.

Various Eateries's Days Inventory Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Various Eateries's Days Inventory distribution charts can be found below:

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

Various Eateries Days Inventory Calculation

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

Various Eateries's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0.808	+	1.078)	/	2 )	/	43.597	*	365
=	0.943					/	43.597	*	365
=	7.89

Various Eateries's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.899	+	1.078)	/	2 )	/	23.584	*	365 / 2
=	0.9885					/	23.584	*	365 / 2
=	7.65

Various Eateries (LSE:VARE) 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.

Various Eateries's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	23.584	/	0.9885
	=	23.86

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.

Various Eateries's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.9885	/	24.917
	=	0.04

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.

Various Eateries Days Inventory Related Terms

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

Various Eateries (LSE:VARE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Various Eateries PLC (LSE:VARE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Saint Thomas Street, Runway East, London, GBR, SE1 9RS

Website

http://www.variouseateries.co.uk

Various Eateries PLC owns, develops, and operates restaurant sites in the United Kingdom. The company operates two core brands; Coppa Club, a multi-use, all-day concept that combines a restaurant, terrace, cafe, lounge, bar, and workspaces; and Tavolino, a restaurant aiming to address a gap in the market for high-quality Italian food at mid-market prices. The company has two operating segments; the Restaurant Segment, and the Hotel Segment, out of which a majority of the company's revenue is derived from the Restaurant Segment.

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