GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Flour Mills Nigeria PLC (NSA:FMNL) » Definitions » Days Inventory

Flour Mills Nigeria (NSA:FMNL) Days Inventory : 83.35 (As of Mar. 2023)


View and export this data going back to 1979. Start your Free Trial

What is Flour Mills Nigeria Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Flour Mills Nigeria's Average Total Inventories for the six months ended in Mar. 2023 was ₦311,130 Mil. Flour Mills Nigeria's Cost of Goods Sold for the six months ended in Mar. 2023 was ₦1,362,552 Mil. Hence, Flour Mills Nigeria's Days Inventory for the six months ended in Mar. 2023 was 41.67.

The historical rank and industry rank for Flour Mills Nigeria's Days Inventory or its related term are showing as below:

NSA:FMNL' s Days Inventory Range Over the Past 10 Years
Min: 70.39   Med: 83.82   Max: 88.71
Current: 83.35

During the past 13 years, Flour Mills Nigeria's highest Days Inventory was 88.71. The lowest was 70.39. And the median was 83.82.

NSA:FMNL's Days Inventory is ranked worse than
50.59% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs NSA:FMNL: 83.35

Flour Mills Nigeria's Days Inventory declined from Mar. 2021 (85.53) to Mar. 2023 (83.35).

Inventory Turnover measures how fast the company turns over its inventory within a year. Flour Mills Nigeria's Inventory Turnover for the six months ended in Mar. 2023 was 4.38.

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. Flour Mills Nigeria's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.20.


Flour Mills Nigeria Days Inventory Historical Data

The historical data trend for Flour Mills Nigeria'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.

Flour Mills Nigeria Days Inventory Chart

Flour Mills Nigeria Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 88.71 84.29 85.53 83.16 83.35

Flour Mills Nigeria Semi-Annual Data
Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 88.71 84.29 85.53 83.16 83.35

Competitive Comparison of Flour Mills Nigeria's Days Inventory

For the Packaged Foods subindustry, Flour Mills Nigeria'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.


Flour Mills Nigeria's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Flour Mills Nigeria's Days Inventory falls into.



Flour Mills Nigeria Days Inventory Calculation

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

Flour Mills Nigeria's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

Days Inventory (A: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (285219.906 + 337040.914) / 2 ) / 1362551.941*365
=311130.41 / 1362551.941*365
=83.35

Flour Mills Nigeria's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

Days Inventory (Q: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2022 ) + Total Inventories (Q: Mar. 2023 )) / count ) / Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=( (285219.906 + 337040.914) / 2 ) / 1362551.941*365 / 2
=311130.41 / 1362551.941*365 / 2
=41.67

* 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.


Flour Mills Nigeria  (NSA:FMNL) 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.

Flour Mills Nigeria's Inventory Turnover for the six months ended in Mar. 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.

Flour Mills Nigeria's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=311130.41 / 1539654.788
=0.20

* 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.


Flour Mills Nigeria Days Inventory Related Terms

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


Flour Mills Nigeria (NSA:FMNL) Business Description

Traded in Other Exchanges
N/A
Address
Wharf Road, 1, Golden Penny Place, Apapa, Lagos, NGA
Flour Mills Nigeria PLC is an investment holding company. The company's operating segment includes Food; Agro Allied; Sugar and Support Services. It generates maximum revenue from the Food segment which includes milling and sales of flour and production and sales of pasta, snacks, and noodles. Its Agro-Allied segment includes farming of maize, cassava, soya, sugar cane and oil palm and production and sales of fertilizer, edible oils and livestock feeds. The Sugar segment includes the cultivation and processing of sugarcane, refining and selling of sugar and sale of by-products from sugar refining.

Flour Mills Nigeria (NSA:FMNL) Headlines

No Headlines