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Forafric Global (Forafric Global) Inventory-to-Revenue : 0.30 (As of Dec. 2023)


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What is Forafric Global Inventory-to-Revenue?

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. Forafric Global's Average Total Inventories for the quarter that ended in Dec. 2023 was $47.4 Mil. Forafric Global's Revenue for the six months ended in Dec. 2023 was $159.9 Mil. Forafric Global's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.30.

Forafric Global's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Jun. 2023 (0.32) to Jun. 2023 (0.30)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Forafric Global's Days Inventory for the six months ended in Dec. 2023 was 60.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Forafric Global's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.01.


Forafric Global Inventory-to-Revenue Historical Data

The historical data trend for Forafric Global's Inventory-to-Revenue 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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Forafric Global Inventory-to-Revenue Chart

Forafric Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
- 0.14 0.12 0.11 0.09

Forafric Global Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory-to-Revenue Get a 7-Day Free Trial 0.27 0.30 0.31 0.32 0.30

Competitive Comparison of Forafric Global's Inventory-to-Revenue

For the Farm Products subindustry, Forafric Global's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.


Forafric Global's Inventory-to-Revenue Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Forafric Global's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Forafric Global's Inventory-to-Revenue falls into.



Forafric Global Inventory-to-Revenue Calculation

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.

Forafric Global's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (27.218 + 28.378) / 2 ) / 305.476
=27.798 / 305.476
=0.09

Forafric Global's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (Q: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Revenue (Q: Dec. 2023 )
=( (66.471 + 28.378) / 2 ) / 159.86
=47.4245 / 159.86
=0.30

* 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.


Forafric Global  (NAS:AFRI) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Forafric Global's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=47.4245/142.909*365 / 2
=60.56

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Forafric Global's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=142.909 / 47.4245
=3.01

* 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.


Forafric Global Inventory-to-Revenue Related Terms

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Forafric Global (Forafric Global) Business Description

Traded in Other Exchanges
N/A
Address
Mustapha Jamaleddine, Unit 5.3, Madison Building, Midtown, Queensway, GIB, GX11 1AA
Forafric Global PLC is engaged in production and sale of a variety of wheat flours, Semolina and Pasta and Couscous in Morocco and in more than 45 countries. The two main brands in Morocco are MAYMOUNA and TRIA. The company derives majority of its revenue from Soft wheat.
Executives
Paul Packer director, 10 percent owner, officer: CEO; CFO; Secretary C/O GLOBIS CAPITAL PARTNERS LP, 60 BROAD ST, NEW YORK NY 10004
Michael Ferguson director 525 EXECUTIVE BOULEVARD, ELMSFORD NY 10523
John M Horne director P.O. BOX 547, JOHNSON AR 72741
Claude Benitah director NITSANA, 9, TEL-AVIV-YAFO L3 6811709
Globis Spac Llc 10 percent owner 805 3RD AVENUE, 15TH FLOOR, NEW YORK NY 10022

Forafric Global (Forafric Global) Headlines