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BG Agro AD Varna (XBUL:BGAG) Days Inventory : 2,635.17 (As of Dec. 2023)


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What is BG Agro AD Varna Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). BG Agro AD Varna's Average Total Inventories for the three months ended in Dec. 2023 was лв29.49 Mil. BG Agro AD Varna's Cost of Goods Sold for the three months ended in Dec. 2023 was лв1.02 Mil. Hence, BG Agro AD Varna's Days Inventory for the three months ended in Dec. 2023 was 2,635.17.

The historical rank and industry rank for BG Agro AD Varna's Days Inventory or its related term are showing as below:

XBUL:BGAG' s Days Inventory Range Over the Past 10 Years
Min: 50.28   Med: 1236.25   Max: 37241.94
Current: 282.89

During the past 13 years, BG Agro AD Varna's highest Days Inventory was 37241.94. The lowest was 50.28. And the median was 1236.25.

XBUL:BGAG's Days Inventory is ranked worse than
92.14% of 229 companies
in the Agriculture industry
Industry Median: 111.36 vs XBUL:BGAG: 282.89

BG Agro AD Varna's Days Inventory increased from Sep. 2022 (0.00) to Dec. 2023 (2,635.17). It might indicate that BG Agro AD Varna's sales slowed down.

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. BG Agro AD Varna's Inventory Turnover for the three months ended in Dec. 2023 was 0.03.

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. BG Agro AD Varna's Inventory-to-Revenue for the three months ended in Dec. 2023 was 2.24.


BG Agro AD Varna Days Inventory Historical Data

The historical data trend for BG Agro AD Varna'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.

BG Agro AD Varna Days Inventory Chart

BG Agro AD Varna Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,768.77 911.16 5,263.65 37,241.94 991.76

BG Agro AD Varna Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 89.41 - 2,635.17

Competitive Comparison of BG Agro AD Varna's Days Inventory

For the Agricultural Inputs subindustry, BG Agro AD Varna'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.


BG Agro AD Varna's Days Inventory Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, BG Agro AD Varna's Days Inventory distribution charts can be found below:

* The bar in red indicates where BG Agro AD Varna's Days Inventory falls into.



BG Agro AD Varna Days Inventory Calculation

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

BG Agro AD Varna'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
=( (61.922 + 29.037) / 2 ) / 16.738*365
=45.4795 / 16.738*365
=991.76

BG Agro AD Varna'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
=( (29.933 + 29.037) / 2 ) / 1.021*365 / 4
=29.485 / 1.021*365 / 4
=2,635.17

* 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.


BG Agro AD Varna  (XBUL:BGAG) 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.

BG Agro AD Varna'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.

BG Agro AD Varna'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.


BG Agro AD Varna Days Inventory Related Terms

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


BG Agro AD Varna (XBUL:BGAG) Business Description

Traded in Other Exchanges
N/A
Address
12, Gen Kolev Street, Varna, BGR, 9000
BG Agro AD Varna is a Bulgarian company engaged in wholesale agriculture, distribution of fertilizers and plant protection products, trade, storage, forwarding and transport of agricultural products.

BG Agro AD Varna (XBUL:BGAG) Headlines

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