Wide Open Agriculture (ASX:WOA) Days Inventory : 82.92 (As of Dec. 2023)

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What is Wide Open Agriculture Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wide Open Agriculture's Average Total Inventories for the six months ended in Dec. 2023 was A$2.28 Mil. Wide Open Agriculture's Cost of Goods Sold for the six months ended in Dec. 2023 was A$5.01 Mil. Hence, Wide Open Agriculture's Days Inventory for the six months ended in Dec. 2023 was 82.92.

The historical rank and industry rank for Wide Open Agriculture's Days Inventory or its related term are showing as below:

ASX:WOA' s Days Inventory Range Over the Past 10 Years
Min: 29.8 Med: 88.41 Max: 178.44
Current: 91.5

During the past 5 years, Wide Open Agriculture's highest Days Inventory was 178.44. The lowest was 29.80. And the median was 88.41.

ASX:WOA's Days Inventory is ranked worse than
55.74% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.1 vs ASX:WOA: 91.50

Wide Open Agriculture's Days Inventory declined from Dec. 2022 (124.43) to Dec. 2023 (82.92).

Inventory Turnover measures how fast the company turns over its inventory within a year. Wide Open Agriculture's Inventory Turnover for the six months ended in Dec. 2023 was 2.20.

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. Wide Open Agriculture's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.40.

Wide Open Agriculture Days Inventory Historical Data

The historical data trend for Wide Open Agriculture'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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Wide Open Agriculture Days Inventory Chart

Wide Open Agriculture Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

178.44

29.80

86.48

105.75

88.41

Wide Open Agriculture Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial							93.71	104.57	124.43	87.13	82.92

Competitive Comparison of Wide Open Agriculture's Days Inventory

For the Packaged Foods subindustry, Wide Open Agriculture'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.

Wide Open Agriculture's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Wide Open Agriculture's Days Inventory falls into.

Wide Open Agriculture Days Inventory Calculation

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

Wide Open Agriculture'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
=	( (3.252	+	1.953)	/	2 )	/	10.745	*	365
=	2.6025					/	10.745	*	365
=	88.41

Wide Open Agriculture'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
=	( (1.953	+	2.599)	/	2 )	/	5.009	*	365 / 2
=	2.276					/	5.009	*	365 / 2
=	82.92

Wide Open Agriculture (ASX:WOA) 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.

Wide Open Agriculture's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.009	/	2.276
	=	2.20

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.

Wide Open Agriculture's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.276	/	5.674
	=	0.40

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.

Wide Open Agriculture Days Inventory Related Terms

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

Wide Open Agriculture (ASX:WOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wide Open Agriculture Ltd (ASX:WOA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

2WO:Germany

Address

1 Winton Street, Kewdale, WA, AUS, 6105

Website

https://www.wideopenagriculture.com.au

Wide Open Agriculture Ltd is an Australia-based regenerative food and agriculture company. The company is into the development of its farmland portfolio and its food brand, Dirty Clean Food, Buntine Protein, and Dirty Clean Food Oat Milk. The company generates the majority of its revenues from sales of Dirty Clean Food products.

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