Horizon Foods Co (SAU:9564) Days Inventory : 82.07 (As of Dec. 2023)

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What is Horizon Foods Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Horizon Foods Co's Average Total Inventories for the six months ended in Dec. 2023 was ﷼9.08 Mil. Horizon Foods Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼20.19 Mil. Hence, Horizon Foods Co's Days Inventory for the six months ended in Dec. 2023 was 82.07.

The historical rank and industry rank for Horizon Foods Co's Days Inventory or its related term are showing as below:

SAU:9564' s Days Inventory Range Over the Past 10 Years
Min: 95.55 Med: 97.97 Max: 100.39
Current: 98.19

During the past 2 years, Horizon Foods Co's highest Days Inventory was 100.39. The lowest was 95.55. And the median was 97.97.

SAU:9564's Days Inventory is ranked worse than
59.44% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 81.92 vs SAU:9564: 98.19

Horizon Foods Co's Days Inventory declined from Dec. 2022 (117.10) to Dec. 2023 (82.07).

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. Horizon Foods Co's Inventory Turnover for the six months ended in Dec. 2023 was 2.22.

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. Horizon Foods Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.32.

Horizon Foods Co Days Inventory Historical Data

The historical data trend for Horizon Foods Co'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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Horizon Foods Co Days Inventory Chart

Horizon Foods Co Annual Data

Trend

Dec22

Dec23

Days Inventory

100.39

95.55

Horizon Foods Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Days Inventory	-	117.10	118.60	82.07

Competitive Comparison of Horizon Foods Co's Days Inventory

For the Packaged Foods subindustry, Horizon Foods Co'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.

Horizon Foods Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Horizon Foods Co's Days Inventory falls into.

Horizon Foods Co Days Inventory Calculation

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

Horizon Foods Co'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
=	( (13.025	+	7.207)	/	2 )	/	38.641	*	365
=	10.116					/	38.641	*	365
=	95.55

Horizon Foods Co'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
=	( (10.953	+	7.207)	/	2 )	/	20.192	*	365 / 2
=	9.08					/	20.192	*	365 / 2
=	82.07

Horizon Foods Co (SAU:9564) 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.

Horizon Foods Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	20.192	/	9.08
	=	2.22

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.

Horizon Foods Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9.08	/	28.785
	=	0.32

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.

Horizon Foods Co Days Inventory Related Terms

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

Horizon Foods Co (SAU:9564) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Horizon Foods Co (SAU:9564) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Third Industrial Area Zone G, Dammam, SAU

Website

https://www.horizonfood.sa

Horizon Foods Co engages in the production, manufacturing, processing, cutting, packaging, and shaping of meat and poultry, and its main activity is in the manufacture of shawarma molds. Its product offerings comprise meat shawarma, Doner Kabab, and Chicken Shawarma.

Horizon Foods Co (SAU:9564) Headlines

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