Taro Pharmaceutical Industries (Taro Pharmaceutical Industries) Days Inventory

: 249.79 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Taro Pharmaceutical Industries's Average Total Inventories for the three months ended in Dec. 2023 was $211.5 Mil. Taro Pharmaceutical Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $77.3 Mil. Hence, Taro Pharmaceutical Industries's Days Inventory for the three months ended in Dec. 2023 was 249.79.

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

TARO' s Days Inventory Range Over the Past 10 Years
Min: 224.29 Med: 243.14 Max: 274.97
Current: 245.48

During the past 13 years, Taro Pharmaceutical Industries's highest Days Inventory was 274.97. The lowest was 224.29. And the median was 243.14.

TARO's Days Inventory is ranked worse than
76.51% of 975 companies
in the Drug Manufacturers industry
Industry Median: 157.96 vs TARO: 245.48

Taro Pharmaceutical Industries's Days Inventory declined from Dec. 2022 (261.68) to Dec. 2023 (249.79).

Inventory Turnover measures how fast the company turns over its inventory within a year. Taro Pharmaceutical Industries's Inventory Turnover for the three months ended in Dec. 2023 was 0.37.

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. Taro Pharmaceutical Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.35.

Taro Pharmaceutical Industries Days Inventory Historical Data

The historical data trend for Taro Pharmaceutical 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.

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Taro Pharmaceutical Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

238.27

224.29

241.12

265.85

261.87

Taro Pharmaceutical Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																261.68	291.81	207.53	252.45	249.79

Competitive Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Taro Pharmaceutical 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.

Taro Pharmaceutical Industries Days Inventory Distribution

For the Drug Manufacturers industry and Healthcare sector, Taro Pharmaceutical Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Taro Pharmaceutical Industries's Days Inventory falls into.

Taro Pharmaceutical Industries Days Inventory Calculation

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

Taro Pharmaceutical Industries's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (210.439	+	226.669)	/	2 )	/	304.629	*	365
=	218.554					/	304.629	*	365
=	261.87

Taro Pharmaceutical 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (208.188	+	214.816)	/	2 )	/	77.264	*	365 / 4
=	211.502					/	77.264	*	365 / 4
=	249.79

Taro Pharmaceutical Industries (NYSE:TARO) 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.

Taro Pharmaceutical Industries's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	77.264	/	211.502
	=	0.37

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.

Taro Pharmaceutical Industries's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	211.502	/	157.145
	=	1.35

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.

Taro Pharmaceutical Industries Days Inventory Related Terms

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

Taro Pharmaceutical Industries (Taro Pharmaceutical Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Taro Pharmaceutical Industries Ltd (NYSE:TARO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TAL:Germany

Address

14 Hakitor Street, P.O. Box 10347, Haifa Bay, Haifa, ISR, 2624761

Website

https://www.taro.com

Taro Pharmaceutical Industries Ltd produces, researches, develops, and markets pharmaceutical products. Its primary focus includes semi-solid formulations, such as creams and ointments, and other dosage forms such as liquids, capsules, and tablets. The company is engaged in the dermatological and topical, cardiovascular, neuropsychiatric, and anti-inflammatory therapeutic categories. Geographically, it derives a majority of its revenue from the United States and also has a presence in Canada, Israel, and Other Countries.

Executives

Sun Pharma Global Inc	10 percent owner
Sun Pharmaceutical Industries Ltd	10 percent owner, other: Affiliated Party	17/B, MAHAL INDUSTRIAL ESTATE, MAHAKALI CAVES ROAD, ANDEHERI (EAST) K7 400 093
Alkaloida Chemical Co Exclusive Group Ltd.	10 percent owner	KABAY JANOS UT 29., TISZAVASVARI K5 4440
Franklin Resources Inc	10 percent owner	FRANKLIN RESOURCES INC, ONE FRANKLIN PARKWAY, SAN MATEO CA 94403