International Meal Co Alimentacao (BSP:MEAL3) Days Inventory : 14.20 (As of Dec. 2023)

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What is International Meal Co Alimentacao Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). International Meal Co Alimentacao's Average Total Inventories for the three months ended in Dec. 2023 was R$51 Mil. International Meal Co Alimentacao's Cost of Goods Sold for the three months ended in Dec. 2023 was R$331 Mil. Hence, International Meal Co Alimentacao's Days Inventory for the three months ended in Dec. 2023 was 14.20.

The historical rank and industry rank for International Meal Co Alimentacao's Days Inventory or its related term are showing as below:

BSP:MEAL3' s Days Inventory Range Over the Past 10 Years
Min: 12.98 Med: 14.1 Max: 53.03
Current: 13.69

During the past 13 years, International Meal Co Alimentacao's highest Days Inventory was 53.03. The lowest was 12.98. And the median was 14.10.

BSP:MEAL3's Days Inventory is ranked better than
53.41% of 337 companies
in the Restaurants industry
Industry Median: 15.57 vs BSP:MEAL3: 13.69

International Meal Co Alimentacao's Days Inventory declined from Dec. 2022 (14.79) to Dec. 2023 (14.20).

Inventory Turnover measures how fast the company turns over its inventory within a year. International Meal Co Alimentacao's Inventory Turnover for the three months ended in Dec. 2023 was 6.42.

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. International Meal Co Alimentacao's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.10.

International Meal Co Alimentacao Days Inventory Historical Data

The historical data trend for International Meal Co Alimentacao'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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International Meal Co Alimentacao Days Inventory Chart

International Meal Co Alimentacao Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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15.22

20.14

14.53

13.86

13.81

International Meal Co Alimentacao Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															14.79	14.29	13.68	12.86	14.20

Competitive Comparison of International Meal Co Alimentacao's Days Inventory

For the Restaurants subindustry, International Meal Co Alimentacao'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.

International Meal Co Alimentacao's Days Inventory Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, International Meal Co Alimentacao's Days Inventory distribution charts can be found below:

* The bar in red indicates where International Meal Co Alimentacao's Days Inventory falls into.

International Meal Co Alimentacao Days Inventory Calculation

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

International Meal Co Alimentacao'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
=	( (57.378	+	52.765)	/	2 )	/	1455.747	*	365
=	55.0715					/	1455.747	*	365
=	13.81

International Meal Co Alimentacao'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
=	( (50.178	+	52.765)	/	2 )	/	330.677	*	365 / 4
=	51.4715					/	330.677	*	365 / 4
=	14.20

International Meal Co Alimentacao (BSP:MEAL3) 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.

International Meal Co Alimentacao's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	330.677	/	51.4715
	=	6.42

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.

International Meal Co Alimentacao's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	51.4715	/	512.691
	=	0.10

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.

International Meal Co Alimentacao Days Inventory Related Terms

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

International Meal Co Alimentacao (BSP:MEAL3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » International Meal Co Alimentacao SA (BSP:MEAL3) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida das Nacoes Unidas, 4.777, 12th Floor, Jardim Universidade Pinheiros, Sao Paulo, SP, BRA, 5477902

Website

http://ri.internationalmealcompany.com

International Meal Co Alimentacao SA is a Brazil-based company principally engaged in the sale of food and beverages to restaurants, snack bars, coffee shops, cafes on motorways, airports, shopping malls, and airline catering services. It also subleases stores and spaces for promotional and commercial purposes in its store chain, upon the sale of fuel, and provides general services related to these segments. The company operates in five segments: Shopping malls, Airports, Highways, the United States of America (USA), and Others. Some of its brands are Viena, Olive Garden, Margaritaville, KFC Brazil, and Pizza Hut Brazil. Its geographical segments are Brazil, The Caribbean, and the USA.

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