Days Inventory is also known as Days Sales of Inventory (DSI). Bio-Rad Laboratories's Average Total Inventories for the
three
months ended in Dec. 2023 was $778 Mil. Bio-Rad Laboratories's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $315 Mil.
Hence, Bio-Rad Laboratories's Days Inventory for the
three
months ended in Dec. 2023 was 225.55.
The historical rank and industry rank for Bio-Rad Laboratories's Days Inventory or its related term are showing as below:
BIO'
s Days Inventory Range Over the Past 10 Years
Min: 169.72 Med: 196.15 Max: 223.24
Current: 223.24
During the past 13 years, Bio-Rad Laboratories's highest Days Inventory was 223.24. The lowest was 169.72. And the median was 196.15.
BIO's Days Inventory is ranked worse than 60.52% of 775
companies
in the Medical Devices & Instruments industry
Industry Median: 186.73
vs BIO: 223.24
Bio-Rad Laboratories's Days Inventory
increased
from Dec. 2022 (192.41) to Dec. 2023 (225.55).
It might indicate that Bio-Rad Laboratories's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Bio-Rad Laboratories's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.40.
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.
Bio-Rad Laboratories's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.14.
Bio-Rad Laboratories Days Inventory Historical Data
The historical data trend for Bio-Rad Laboratories'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.
Bio-Rad Laboratories Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
196.89
193.79
169.72
190.87
219.98
Bio-Rad Laboratories Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
192.41
213.63
219.02
238.93
225.55
Competitive Comparison
For the Medical Devices subindustry, Bio-Rad Laboratories'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.
Bio-Rad Laboratories Days Inventory Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Bio-Rad Laboratories's Days Inventory distribution charts can be found below:
* The bar in red indicates where Bio-Rad Laboratories's Days Inventory falls into.
Bio-Rad Laboratories Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Bio-Rad Laboratories'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.
Bio-Rad Laboratories (NYSE:BIO) 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.
Bio-Rad Laboratories'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.
Bio-Rad Laboratories'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.
Bio-Rad Laboratories Days Inventory Related Terms
Thank you for viewing the detailed overview of Bio-Rad Laboratories's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Bio-Rad Laboratories (Bio-Rad Laboratories) Business Description
Bio-Rad Laboratories, headquartered in Hercules, California, develops, manufactures, and markets products and solutions for the clinical diagnostics and life sciences markets. In diagnostics (53% of sales), Bio-Rad manufactures, sells, and supports test systems and specialized quality controls for clinical laboratories. In life sciences (47% of sales), the firm develops and manufactures a range of instruments and reagents used in research, biopharmaceutical production, and food testing. The company is geographically diverse, with major markets in the Americas, Europe and Africa , and Asia-Pacific. Bio-Rad owns 37% of Sartorius AG, a laboratory and biopharmaceutical supplier.
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