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Days Inventory is also known as Days Sales of Inventory (DSI). Sinovac Biotech's Average Total Inventories for the six months ended in Jun. 2023 was $181.7 Mil. Sinovac Biotech's Cost of Goods Sold for the six months ended in Jun. 2023 was $188.4 Mil. Hence, Sinovac Biotech's Days Inventory for the six months ended in Jun. 2023 was 176.03.
The historical rank and industry rank for Sinovac Biotech's Days Inventory or its related term are showing as below:
During the past 13 years, Sinovac Biotech's highest Days Inventory was 389.63. The lowest was 81.92. And the median was 300.80.
Sinovac Biotech's Days Inventory declined from Jun. 2022 (230.45) to Jun. 2023 (176.03).
Inventory Turnover measures how fast the company turns over its inventory within a year. Sinovac Biotech's Inventory Turnover for the six months ended in Jun. 2023 was 1.04.
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. Sinovac Biotech's Inventory-to-Revenue for the six months ended in Jun. 2023 was 1.29.
The historical data trend for Sinovac Biotech'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.
For the Biotechnology subindustry, Sinovac Biotech'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.
For the Biotechnology industry and Healthcare sector, Sinovac Biotech's Days Inventory distribution charts can be found below:
* The bar in red indicates where Sinovac Biotech's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sinovac Biotech's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as
Days Inventory (A: Dec. 2022 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Dec. 2021 ) | + | Total Inventories (A: Dec. 2022 )) | / | count ) | / | Cost of Goods Sold (A: Dec. 2022 ) | * | Days in Period |
= | ( (375.511 | + | 180.719) | / | 2 ) | / | 684.456 | * | 365 |
= | 278.115 | / | 684.456 | * | 365 | ||||
= | 148.31 |
Sinovac Biotech's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:
Days Inventory (Q: Jun. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Dec. 2022 ) | + | Total Inventories (Q: Jun. 2023 )) | / | count ) | / | Cost of Goods Sold (Q: Jun. 2023 ) | * | Days in Period |
= | ( (180.719 | + | 182.735) | / | 2 ) | / | 188.409 | * | 365 / 2 |
= | 181.727 | / | 188.409 | * | 365 / 2 | ||||
= | 176.03 |
* 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.
Sinovac Biotech (NAS:SVA) 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.
Sinovac Biotech's Inventory Turnover for the six months ended in Jun. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 188.409 | / | 181.727 | |
= | 1.04 |
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.
Sinovac Biotech's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 181.727 | / | 140.404 | |
= | 1.29 |
* 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.
Thank you for viewing the detailed overview of Sinovac Biotech's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Lily Wang | director, 10 percent owner, officer: Chief Financial Officer | 300 MURCHISON DR., MILLBRAE CA 94030 |
Ifg Investments Services Inc | 10 percent owner | PO BOX 822, CHARLESTOWN FEDERATION OF ST KITTS & NEVIS WEST INDIES P8 00000 |
Yin Weidong | director, 10 percent owner, officer: President and CEO | |
Terry G Bowering | director, 10 percent owner, officer: President, CEO | 10 CEDAR MEADOW DRIVE REGINA A9 S4X 3J6 |
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