AFC Group Holdings (NZSE:AFC) Days Inventory : 633.38 (As of Sep. 2023)

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What is AFC Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AFC Group Holdings's Average Total Inventories for the six months ended in Sep. 2023 was NZ$0.35 Mil. AFC Group Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was NZ$0.10 Mil. Hence, AFC Group Holdings's Days Inventory for the six months ended in Sep. 2023 was 633.38.

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

NZSE:AFC' s Days Inventory Range Over the Past 10 Years
Min: 37.69 Med: 300.43 Max: 425.25
Current: 425.25

During the past 13 years, AFC Group Holdings's highest Days Inventory was 425.25. The lowest was 37.69. And the median was 300.43.

NZSE:AFC's Days Inventory is not ranked
in the Retail - Defensive industry.
Industry Median: 35.9 vs NZSE:AFC: 425.25

AFC Group Holdings's Days Inventory increased from Sep. 2022 (590.30) to Sep. 2023 (633.38). It might indicate that AFC Group Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. AFC Group Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 0.29.

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. AFC Group Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.72.

AFC Group Holdings Days Inventory Historical Data

The historical data trend for AFC Group Holdings'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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AFC Group Holdings Days Inventory Chart

AFC Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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319.76

358.49

281.10

401.12

378.04

AFC Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															971.77	283.92	590.30	303.00	633.38

Competitive Comparison of AFC Group Holdings's Days Inventory

For the Food Distribution subindustry, AFC Group Holdings'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.

AFC Group Holdings's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, AFC Group Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where AFC Group Holdings's Days Inventory falls into.

AFC Group Holdings Days Inventory Calculation

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

AFC Group Holdings's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.352	+	0.315)	/	2 )	/	0.322	*	365
=	0.3335					/	0.322	*	365
=	378.04

AFC Group Holdings'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
=	( (0.315	+	0.393)	/	2 )	/	0.102	*	365 / 2
=	0.354					/	0.102	*	365 / 2
=	633.38

AFC Group Holdings (NZSE:AFC) 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.

AFC Group Holdings's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.102	/	0.354
	=	0.29

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.

AFC Group Holdings's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.354	/	0.489
	=	0.72

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.

AFC Group Holdings Days Inventory Related Terms

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

AFC Group Holdings (NZSE:AFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » AFC Group Holdings Ltd (NZSE:AFC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 15, Tower 2, 205 Queen Street, Auckland, NZL, 1010

Website

http://www.afcnz.com

AFC Group Holdings Ltd operates in the production, manufacture, distribution, and purchase of food, health, and cosmetic products. The business activities of the group are operated through International Marketing; Vineyard and Winery; Corporate; and Manufacturing segments. International Marketing segment which generates majority revenue sources packaged food, cosmetics, and health products. Vineyard and Winery segment produces and sells a number of varietals and blends of wine. The corporate segment provides accounting, management, and administration services. Manufacturing segment covers a face-mask production line.