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Carmit Candy Industries (XTAE:CRMT) Days Inventory : 95.16 (As of Dec. 2023)


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What is Carmit Candy Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Carmit Candy Industries's Average Total Inventories for the six months ended in Dec. 2023 was ₪46.9 Mil. Carmit Candy Industries's Cost of Goods Sold for the six months ended in Dec. 2023 was ₪89.9 Mil. Hence, Carmit Candy Industries's Days Inventory for the six months ended in Dec. 2023 was 95.16.

The historical rank and industry rank for Carmit Candy Industries's Days Inventory or its related term are showing as below:

XTAE:CRMT' s Days Inventory Range Over the Past 10 Years
Min: 71.22   Med: 78.49   Max: 93.35
Current: 90.18

During the past 8 years, Carmit Candy Industries's highest Days Inventory was 93.35. The lowest was 71.22. And the median was 78.49.

XTAE:CRMT's Days Inventory is ranked worse than
54.98% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 82.035 vs XTAE:CRMT: 90.18

Carmit Candy Industries's Days Inventory increased from Dec. 2022 (75.63) to Dec. 2023 (95.16). It might indicate that Carmit Candy Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Carmit Candy Industries's Inventory Turnover for the six months ended in Dec. 2023 was 1.92.

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. Carmit Candy Industries's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.40.

Carmit Candy Industries Days Inventory Historical Data

The historical data trend for Carmit Candy Industries'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.

Carmit Candy Industries Days Inventory Chart

Carmit Candy Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 78.49 93.35 84.32 77.60 90.11

Carmit Candy Industries Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 81.77 77.06 75.63 85.39 95.16

Competitive Comparison of Carmit Candy Industries's Days Inventory

For the Confectioners subindustry, Carmit Candy Industries'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.

Carmit Candy Industries's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Carmit Candy Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Carmit Candy Industries's Days Inventory falls into.


Carmit Candy Industries Days Inventory Calculation

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

Carmit Candy Industries'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
=( (41.128 + 48.748) / 2 ) / 182.031*365
=44.938 / 182.031*365
=90.11

Carmit Candy Industries'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
=( (45.05 + 48.748) / 2 ) / 89.941*365 / 2
=46.899 / 89.941*365 / 2
=95.16

* 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.

Carmit Candy Industries  (XTAE:CRMT) 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.

Carmit Candy Industries's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=89.941 / 46.899
=1.92

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.

Carmit Candy Industries's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=46.899 / 116.384
=0.40

* 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.

Carmit Candy Industries Days Inventory Related Terms

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

Carmit Candy Industries (XTAE:CRMT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Carmit Candy Industries Ltd (XTAE:CRMT) » Definitions » Days Inventory
Comparable Companies
XTAE:ENDY XTAE:ELSPC XTAE:CMER XTAE:CTPL1 XTAE:PRMG XTAE:NXTM XTAE:ARAN XTAE:OPAL XTAE:RLCO XTAE:WESR MDLZ HSY XSWX:LISN XSWX:BARN XKRX:271560 TR TSE:2222 CAS:CSR TSE:2201 XKRX:004990
Traded in Other Exchanges
N/A
Address
25 Hahagana Street, Rishon Lezion, ISR, 75706
Website
http://www.carmit.co.il
Carmit Candy Industries Ltd is a confectionery manufacturer. It produces confectionery products for private label brands. Its products include chocolate coins, marshmallows, Dairy-free chocolate, lollipops and toffees, and chocolate bars, among others. It caters to industrial and professional markets in Israel and produces chocolate, which serves as raw material for the chocolate, ice cream, dairy, confectionery, bakery and other industries.