Top Shelf International Holdings (ASX:TSI) Days Inventory : 240.95 (As of Dec. 2023)

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What is Top Shelf International Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Top Shelf International Holdings's Average Total Inventories for the six months ended in Dec. 2023 was A$14.20 Mil. Top Shelf International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was A$10.75 Mil. Hence, Top Shelf International Holdings's Days Inventory for the six months ended in Dec. 2023 was 240.95.

The historical rank and industry rank for Top Shelf International Holdings's Days Inventory or its related term are showing as below:

ASX:TSI' s Days Inventory Range Over the Past 10 Years
Min: 178.14 Med: 196.49 Max: 227.45
Current: 211.03

During the past 4 years, Top Shelf International Holdings's highest Days Inventory was 227.45. The lowest was 178.14. And the median was 196.49.

ASX:TSI's Days Inventory is ranked worse than
55.83% of 206 companies
in the Beverages - Alcoholic industry
Industry Median: 159.87 vs ASX:TSI: 211.03

Top Shelf International Holdings's Days Inventory declined from Dec. 2022 (276.00) to Dec. 2023 (240.95).

Inventory Turnover measures how fast the company turns over its inventory within a year. Top Shelf International Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 0.76.

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. Top Shelf International Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.93.

Top Shelf International Holdings Days Inventory Historical Data

The historical data trend for Top Shelf International Holdings'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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Top Shelf International Holdings Days Inventory Chart

Top Shelf International Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Days Inventory

227.45

178.14

196.49

Top Shelf International Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			265.63	146.41	276.00	172.75	240.95

Competitive Comparison of Top Shelf International Holdings's Days Inventory

For the Beverages - Brewers subindustry, Top Shelf International Holdings'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.

Top Shelf International Holdings's Days Inventory Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Top Shelf International Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Top Shelf International Holdings's Days Inventory falls into.

Top Shelf International Holdings Days Inventory Calculation

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

Top Shelf International Holdings's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (11.257	+	11.856)	/	2 )	/	21.467	*	365
=	11.5565					/	21.467	*	365
=	196.49

Top Shelf International Holdings'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
=	( (11.856	+	16.538)	/	2 )	/	10.753	*	365 / 2
=	14.197					/	10.753	*	365 / 2
=	240.95

Top Shelf International Holdings (ASX:TSI) 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.

Top Shelf International Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10.753	/	14.197
	=	0.76

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.

Top Shelf International Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	14.197	/	15.226
	=	0.93

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.

Top Shelf International Holdings Days Inventory Related Terms

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

Top Shelf International Holdings (ASX:TSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Top Shelf International Holdings Ltd (ASX:TSI) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

16-18 National Boulevard, Campbellfield, VIC, AUS, 3061

Website

https://www.topshelfgroup.com.au

Top Shelf International Holdings Ltd is a beverages manufacturer and distributor in Australia. The company's beverage manufacturing capability includes spirit distillation, maturation, mixing, carbonation along with canning and glass and PET bottling lines for supply into domestic and international markets of non-alcoholic and alcoholic beverages.