Forafric Global (Forafric Global) Days Inventory : 60.56 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Forafric Global Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Forafric Global's Average Total Inventories for the six months ended in Dec. 2023 was $47.4 Mil. Forafric Global's Cost of Goods Sold for the six months ended in Dec. 2023 was $142.9 Mil. Hence, Forafric Global's Days Inventory for the six months ended in Dec. 2023 was 60.56.

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

AFRI' s Days Inventory Range Over the Past 10 Years
Min: 36.91 Med: 49.38 Max: 62.03
Current: 54.03

During the past 5 years, Forafric Global's highest Days Inventory was 62.03. The lowest was 36.91. And the median was 49.38.

AFRI's Days Inventory is ranked better than
71.96% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs AFRI: 54.03

Forafric Global's Days Inventory declined from Dec. 2022 (62.82) to Dec. 2023 (60.56).

Inventory Turnover measures how fast the company turns over its inventory within a year. Forafric Global's Inventory Turnover for the six months ended in Dec. 2023 was 3.01.

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. Forafric Global's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.30.

Forafric Global Days Inventory Historical Data

The historical data trend for Forafric Global'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.

Forafric Global Days Inventory Chart

Forafric Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

62.03

53.35

45.40

36.91

Forafric Global Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			59.90	60.87	62.82	64.78	60.56

Competitive Comparison of Forafric Global's Days Inventory

For the Farm Products subindustry, Forafric Global'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.

Forafric Global's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Forafric Global's Days Inventory falls into.

Forafric Global Days Inventory Calculation

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

Forafric Global'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
=	( (27.218	+	28.378)	/	2 )	/	274.878	*	365
=	27.798					/	274.878	*	365
=	36.91

Forafric Global'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
=	( (66.471	+	28.378)	/	2 )	/	142.909	*	365 / 2
=	47.4245					/	142.909	*	365 / 2
=	60.56

Forafric Global (NAS:AFRI) 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.

Forafric Global's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	142.909	/	47.4245
	=	3.01

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.

Forafric Global's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	47.4245	/	159.86
	=	0.30

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.

Forafric Global Days Inventory Related Terms

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

Forafric Global (Forafric Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Forafric Global PLC (NAS:AFRI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mustapha Jamaleddine, Unit 5.3, Madison Building, Midtown, Queensway, GIB, GX11 1AA

Website

https://www.forafric.com

Forafric Global PLC is engaged in production and sale of a variety of wheat flours, Semolina and Pasta and Couscous in Morocco and in more than 45 countries. The two main brands in Morocco are MAYMOUNA and TRIA. The company derives majority of its revenue from Soft wheat.

Executives

Paul Packer	director, 10 percent owner, officer: CEO; CFO; Secretary	C/O GLOBIS CAPITAL PARTNERS LP, 60 BROAD ST, NEW YORK NY 10004
Michael Ferguson	director	525 EXECUTIVE BOULEVARD, ELMSFORD NY 10523
John M Horne	director	P.O. BOX 547, JOHNSON AR 72741
Claude Benitah	director	NITSANA, 9, TEL-AVIV-YAFO L3 6811709
Globis Spac Llc	10 percent owner	805 3RD AVENUE, 15TH FLOOR, NEW YORK NY 10022

Forafric Global (Forafric Global) Headlines

From GuruFocus

Forafric Provides Business Update

By Business Wire • 12-13-2023

Forafric, a Leading African Agribusiness, Teams with Alapala to Nearly Double Wheat and Durum Processing Capacity

By Business Wire Business Wire • 06-14-2022

Forafric Achieves Record High Crushing Volume During First Half of 2022

By Business Wire Business Wire • 08-04-2022

Forafric Acquires SIMS mill in Marrakesh Increasing Crushing Capacity to More Than 300 Tons per Day

By Business Wire • 07-31-2023