Laird Superfood (Laird Superfood) Days Inventory : 106.99 (As of Dec. 2023)

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What is Laird Superfood Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Laird Superfood's Average Total Inventories for the three months ended in Dec. 2023 was $6.44 Mil. Laird Superfood's Cost of Goods Sold for the three months ended in Dec. 2023 was $5.49 Mil. Hence, Laird Superfood's Days Inventory for the three months ended in Dec. 2023 was 106.99.

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

LSF' s Days Inventory Range Over the Past 10 Years
Min: 76.66 Med: 87.36 Max: 110.1
Current: 91.04

During the past 6 years, Laird Superfood's highest Days Inventory was 110.10. The lowest was 76.66. And the median was 87.36.

LSF's Days Inventory is ranked worse than
55.51% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs LSF: 91.04

Laird Superfood's Days Inventory increased from Dec. 2022 (70.59) to Dec. 2023 (106.99). It might indicate that Laird Superfood's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Laird Superfood's Inventory Turnover for the three months ended in Dec. 2023 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. Laird Superfood's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.70.

Laird Superfood Days Inventory Historical Data

The historical data trend for Laird Superfood'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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Laird Superfood Days Inventory Chart

Laird Superfood Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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82.34

82.98

110.10

94.81

91.74

Laird Superfood Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															70.59	81.08	87.75	89.41	106.99

Competitive Comparison of Laird Superfood's Days Inventory

For the Packaged Foods subindustry, Laird Superfood'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.

Laird Superfood's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

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

Laird Superfood Days Inventory Calculation

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

Laird Superfood'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
=	( (5.697	+	6.323)	/	2 )	/	23.911	*	365
=	6.01					/	23.911	*	365
=	91.74

Laird Superfood'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
=	( (6.553	+	6.323)	/	2 )	/	5.491	*	365 / 4
=	6.438					/	5.491	*	365 / 4
=	106.99

Laird Superfood (AMEX:LSF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.491	/	6.438
	=	0.85

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.438	/	9.207
	=	0.70

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.

Laird Superfood Days Inventory Related Terms

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

Laird Superfood (Laird Superfood) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Laird Superfood Inc (AMEX:LSF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

5303 Spine Road, Suite 204, Boulder, CO, USA, 80301

Website

https://www.lairdsuperfood.com

Laird Superfood Inc is engaged in the business of manufacturing and marketing differentiated plant-based and functional foods. The product portfolio includes Coffee creamers, Hydration products and beverage-enhancing supplements, Harvest snacks and other food items, and Coffee, tea, and hot chocolate products.

Executives

Anna Hamill	officer: Chief Financial Officer	C/O LAIRD SUPERFOOD, INC., 275 W. LUNDGREN MILL DRIVE, SISTERS OR 97759
Steven L Richie	officer: General Counsel and Secretary	44111 NOBEL DRIVE, FREMONT CA 94538
Andrew Judd	officer: Chief Commercial Officer	275 W. LUNDGREN MILL DRIVE, SISTERS OR 97759
Gregory B Graves	director	129 CONCORD ROAD, BILLERICA MA 01821
Jason D. Vieth	director, officer: Chief Executive Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Grant J Lamontagne	director	1221 BROADWAY, OAKLAND CA 94612
Patrick Gaston	director	C/O BED BATH & BEYOND INC., 650 LIBERTY AVENUE, UNION NJ 07083
Paul Jr. Hodge	director, officer: Chief Executive Officer	C/O LAIRD SUPERFOOD, INC., 275 W. LUNDGREN MILL DRIVE, SISTERS OR 97759
Scott Mcguire	officer: Chief Operating Officer	C/O LAIRD SUPERFOOD, INC., 275 W. LUNDGREN MILL DRIVE, SISTERS OR 97759
Andrew J. Mccormick	officer: General Counsel and Secretary	C/O LAIRD SUPERFOOD, INC., 275 W. LUNDGREN MILL DRIVE, SISTERS OR 97759
Valerie Ells	officer: Chief Financial Officer	C/O LAIRD SUPERFOOD, INC., 275 W. LUNDGREN MILL DRIVE, SISTERS OR 97759
Laird Hamilton	director, officer: Chief Innovator	C/O LAIRD SUPERFOOD, INC., 275 W. LUNDGREN MILL DRIVE, SISTERS OR 97759
S.a. Danone	10 percent owner	17, BOULEVARD HAUSSMANN, PARIS I0 75009
Danone Manifesto Ventures, Pbc	10 percent owner	12 WEST 21ST STREET, 12TH FLOOR, NEW YORK NY 10010
Jim Buechler	director	C/O LAIRD SUPERFOOD, INC., 275 W. LUNDGREN MILL DRIVE, SISTERS OR 97759