Just Life Group (NZSE:JLG) Days Inventory : 222.63 (As of Dec. 2023)

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What is Just Life Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Just Life Group's Average Total Inventories for the six months ended in Dec. 2023 was NZ$4.66 Mil. Just Life Group's Cost of Goods Sold for the six months ended in Dec. 2023 was NZ$3.82 Mil. Hence, Just Life Group's Days Inventory for the six months ended in Dec. 2023 was 222.63.

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

NZSE:JLG' s Days Inventory Range Over the Past 10 Years
Min: 102.05 Med: 147.83 Max: 2149.26
Current: 233.48

During the past 13 years, Just Life Group's highest Days Inventory was 2149.26. The lowest was 102.05. And the median was 147.83.

NZSE:JLG's Days Inventory is ranked worse than
94.5% of 109 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 67.25 vs NZSE:JLG: 233.48

Just Life Group's Days Inventory declined from Dec. 2022 (231.87) to Dec. 2023 (222.63).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Just Life Group's Inventory Turnover for the six months ended in Dec. 2023 was 0.82.

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. Just Life Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.26.

Just Life Group Days Inventory Historical Data

The historical data trend for Just Life 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.

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Just Life Group Days Inventory Chart

Just Life Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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114.51

167.29

132.50

163.15

225.81

Just Life Group Semi-Annual Data
	Jun14	Dec14	Jun15	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															127.01	179.97	231.87	242.13	222.63

Competitive Comparison of Just Life Group's Days Inventory

For the Beverages - Non-Alcoholic subindustry, Just Life 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.

Just Life Group's Days Inventory Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Just Life Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Just Life Group's Days Inventory falls into.

Just Life Group Days Inventory Calculation

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

Just Life Group's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (5.185	+	4.862)	/	2 )	/	8.12	*	365
=	5.0235					/	8.12	*	365
=	225.81

Just Life 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
=	( (4.862	+	4.463)	/	2 )	/	3.822	*	365 / 2
=	4.6625					/	3.822	*	365 / 2
=	222.63

Just Life Group (NZSE:JLG) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.822	/	4.6625
	=	0.82

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.6625	/	17.994
	=	0.26

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.

Just Life Group Days Inventory Related Terms

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

Just Life Group (NZSE:JLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Just Life Group Ltd (NZSE:JLG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

130 Hugo Johnston Drive, Penrose, Auckland, NTL, NZL, 1061

Website

https://www.justlifegroup.co.nz

Just Life Group Ltd is a New Zealand based company that is focused on supplying products and services that enhance the lives of people. It has two operating segments: Healthy Living and Healthy Homes. Through these segments, it is engaged in the provision of filtered water solutions to customers including the sale of water and water-related products and enabling healthier homes with its Solatube daylighting products, the Cylinder Guy, Designer Tanks and Unovent home ventilation systems.

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