African Agriculture Holdings (African Agriculture Holdings) Change In Inventory : $0.22 Mil (TTM As of Mar. 2024)

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What is African Agriculture Holdings Change In Inventory?

African Agriculture Holdings's change in inventory for the quarter that ended in Mar. 2024 was $0.06 Mil. It means African Agriculture Holdings's inventory declined by $0.06 Mil from Dec. 2023 to Mar. 2024 .

African Agriculture Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was $0.29 Mil. It means African Agriculture Holdings's inventory declined by $0.29 Mil from Dec. 2022 to Dec. 2023 .

African Agriculture Holdings's Total Inventories for the quarter that ended in Mar. 2024 was $0.26 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. African Agriculture Holdings's Days Inventory for the quarter that ended in Mar. 2024 was 74.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. African Agriculture Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.22.

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. African Agriculture Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.75.

African Agriculture Holdings Change In Inventory Historical Data

The historical data trend for African Agriculture Holdings's Change In 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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African Agriculture Holdings Change In Inventory Chart

African Agriculture Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Change In Inventory

-0.57

-0.07

0.29

African Agriculture Holdings Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial				0.06	0.10	0.06	-	0.06

African Agriculture Holdings Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.22 Mil.

African Agriculture Holdings (NAS:AAGR) Change In Inventory Explanation

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

African Agriculture Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.2595	/	0.317	*	365 / 4
	=	74.70

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

African Agriculture Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.317	/	0.2595
	=	1.22

3. 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.

African Agriculture Holdings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2595	/	0.345
	=	0.75

African Agriculture Holdings Change In Inventory Related Terms

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African Agriculture Holdings (African Agriculture Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » African Agriculture Holdings Inc (NAS:AAGR) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

African Agriculture Holdings Inc is a holding company that operates principally through its wholly-owned subsidiary, which is developing the company's initial commercial farming business based in northern Senegal focusing on the production and sale of alfalfa for cattle feed and nutrition purposes. The company will sell alfalfa to owners and suppliers of cattle for feed and nutritional purposes, primarily in Senegal and the surrounding regions in Africa, the Economic Community of West African States (ECOWAS) region and the Middle East.