Days Inventory is also known as Days Sales of Inventory (DSI). Neogen's Average Total Inventories for the
three
months ended in Feb. 2024 was $171.5 Mil. Neogen's Cost of Goods Sold for the
three
months ended in Feb. 2024 was $111.9 Mil.
Hence, Neogen's Days Inventory for the
three
months ended in Feb. 2024 was 139.78.
The historical rank and industry rank for Neogen's Days Inventory or its related term are showing as below:
NEOG'
s Days Inventory Range Over the Past 10 Years
Min: 112.23 Med: 131.7 Max: 148.91
Current: 121.97
During the past 13 years, Neogen's highest Days Inventory was 148.91. The lowest was 112.23. And the median was 131.70.
NEOG's Days Inventory is ranked worse than 69.27% of 192
companies
in the Medical Diagnostics & Research industry
Industry Median: 65.03
vs NEOG: 121.97
Neogen's Days Inventory
increased
from Feb. 2023 (115.80) to Feb. 2024 (139.78).
It might indicate that Neogen's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Neogen's Inventory Turnover for the
three
months ended in Feb. 2024 was 0.65.
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.
Neogen's Inventory-to-Revenue for the
three
months ended in Feb. 2024 was 0.75.
Neogen Days Inventory Historical Data
The historical data trend for Neogen'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 Diagnostics & Research subindustry, Neogen'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.
Neogen's Days Inventory Distribution in the Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Neogen's Days Inventory distribution charts can be found below:
* The bar in red indicates where Neogen's Days Inventory falls into.
Neogen Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Neogen's Days Inventory for the fiscal year that ended in May. 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.
Neogen (NAS:NEOG) 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.
Neogen's Inventory Turnover for the
three
months ended in Feb. 2024 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.
Neogen's Inventory to Revenue for the
three
months ended in Feb. 2024 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.
Neogen Days Inventory Related Terms
Thank you for viewing the detailed overview of Neogen's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Neogen Corporation, headquartered in Lansing, Michigan, develops, manufactures, and markets various products for food and animal safety. In food safety (70% of post-merger sales), Neogen performs diagnostics to detect unintended substances in food and animal feed, such as pathogens, allergens, and drug residues, for food and feed processing companies. In animal safety (20% of post-merger sales), Neogen sells veterinary instruments, pharmaceuticals, disinfectants, and genomics tests for animals, including cattle, horses, and canines. Sales in the United States account for 60% of total revenue, while international markets, including Canada, Europe, Asia, and Latin America, account for the remaining 40%.
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