Days Inventory is also known as Days Sales of Inventory (DSI). Local Bounti's Average Total Inventories for the
three
months ended in Dec. 2023 was $4.35 Mil. Local Bounti's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $6.19 Mil.
Hence, Local Bounti's Days Inventory for the
three
months ended in Dec. 2023 was 64.19.
The historical rank and industry rank for Local Bounti's Days Inventory or its related term are showing as below:
LOCL'
s Days Inventory Range Over the Past 10 Years
Min: 47.75 Med: 274.18 Max: 974.67
Current: 58.76
During the past 4 years, Local Bounti's highest Days Inventory was 974.67. The lowest was 47.75. And the median was 274.18.
LOCL's Days Inventory is ranked better than 68.21% of 1787
companies
in the Consumer Packaged Goods industry
Industry Median: 82.17
vs LOCL: 58.76
Local Bounti's Days Inventory
increased
from Dec. 2022 (58.75) to Dec. 2023 (64.19).
It might indicate that Local Bounti's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Local Bounti's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.42.
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.
Local Bounti's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.63.
Local Bounti Days Inventory Historical Data
The historical data trend for Local Bounti'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.
Competitive Comparison of Local Bounti's Days Inventory
For the Farm Products subindustry, Local Bounti'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.
Local Bounti's Days Inventory Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Local Bounti's Days Inventory distribution charts can be found below:
* The bar in red indicates where Local Bounti's Days Inventory falls into.
Local Bounti Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Local Bounti's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Local Bounti (NYSE:LOCL) 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.
Local Bounti's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Local Bounti's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
Local Bounti Days Inventory Related Terms
Thank you for viewing the detailed overview of Local Bounti's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Local Bounti Corp is a controlled environment agriculture company. Its business model is based on building local facilities, operated by local teams, to deliver fresh and quality produce to local communities while maintaining a limited carbon footprint. Using proprietary technology to grow leafy greens and herbs in smart greenhouses with a cultivation process that uses less water and land than conventional agriculture, free from herbicides or pesticides, it delivers products that have a longer shelf life, and are good in taste.
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