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Stryve Foods (Stryve Foods) Days Inventory : 173.10 (As of Dec. 2023)


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What is Stryve Foods Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Stryve Foods's Average Total Inventories for the three months ended in Dec. 2023 was $5.74 Mil. Stryve Foods's Cost of Goods Sold for the three months ended in Dec. 2023 was $3.02 Mil. Hence, Stryve Foods's Days Inventory for the three months ended in Dec. 2023 was 173.10.

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

SNAX' s Days Inventory Range Over the Past 10 Years
Min: 92.12   Med: 104.23   Max: 173.62
Current: 173.62

During the past 4 years, Stryve Foods's highest Days Inventory was 173.62. The lowest was 92.12. And the median was 104.23.

SNAX's Days Inventory is ranked worse than
82.6% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs SNAX: 173.62

Stryve Foods's Days Inventory declined from Dec. 2022 (186.56) to Dec. 2023 (173.10).

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. Stryve Foods's Inventory Turnover for the three months ended in Dec. 2023 was 0.53.

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. Stryve Foods's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.99.


Stryve Foods Days Inventory Historical Data

The historical data trend for Stryve Foods'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.

* Premium members only.

Stryve Foods Days Inventory Chart

Stryve Foods Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Inventory
110.93 97.53 92.12 160.78

Stryve Foods Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 186.56 204.53 153.15 184.11 173.10

Competitive Comparison of Stryve Foods's Days Inventory

For the Packaged Foods subindustry, Stryve Foods'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.


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

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

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



Stryve Foods Days Inventory Calculation

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

Stryve Foods'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
=( (8.259 + 5.2) / 2 ) / 15.277*365
=6.7295 / 15.277*365
=160.78

Stryve Foods'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
=( (6.273 + 5.2) / 2 ) / 3.024*365 / 4
=5.7365 / 3.024*365 / 4
=173.10

* 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.


Stryve Foods  (NAS:SNAX) 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.

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

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.

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

* 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.


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.


Stryve Foods Days Inventory Related Terms

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


Stryve Foods (Stryve Foods) Business Description

Traded in Other Exchanges
N/A
Address
5801 Tennyson Parkway, Suite 275, Plano, TX, USA, 75024
Stryve Foods Inc is focused on manufacturing and marketing highly differentiated healthy snacks that disrupt traditional snacking categories. It offers convenient snacks that are lower in sugar and carbohydrates and higher in protein than other snacks. Stryve offers all-natural, delicious snacks which it believes are a nutritious and conveniently healthy snacking option for on-the-go lives.
Executives
Christopher J. Boever director, officer: CEO C/O THE HAIN CELESTIAL GROUP, INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042
B. Luke Weil director CARRERA 10 NO. 28-49, TORRE A. OFICINA 20-05, BOGOTA F8 XXXXX
Kevin Vivian director 5801 TENNYSON PKWY SUITE 275, PLANO TX 75024
Mauricio Orellana director 250 WEST 57TH ST., NEW YORK NY 10107
Alex Hawkins officer: CFO 5801 TENNYSON PKWY SUITE 275, PLANO TX 75024
Chris Whitehair director 7301 OHMS LANE SUITE 600, EDINA MN 55439
Ramsey Robert D. Iii director 5801 TENNYSON PKWY SUITE 275, PLANO TX 75024
Ted Casey director 5801 TENNYSON PKWY SUITE 275, PLANO TX 75024
Gregory Stephen Christenson director 500 WEST 5TH STREET, AUSTIN TX 78701
Joe A Oblas director, officer: Co-Chief Executive Officer 65 INVERNESS DRIVE EAST, SUITE 105, ENGLEWOOD CO 80112
Charles D Vogt director TEKELEC, 26580 WEST AGOURA ROAD, CALABASAS CA 91302
Efrem Kamen 10 percent owner C/O PURA VIDA INVESTMENTS, LLC, 512 W 22ND STREET, 7TH FLOOR, NEW YORK NY 10011
Pura Vida Investments, Llc 10 percent owner 512 W 22ND STREET, 7TH FLOOR, NEW YORK NY 10011
Jaxie S. Alt director, officer: Co-CEO & CMO 5301 LEGACY DRIVE, PLANO TX 75024
Stryve Foods Holdings, Llc 10 percent owner 5801 TENNYSON PARKWAY, SUITE 275, PLANO TX 75024