Redhill Biopharma (Redhill Biopharma) Days Inventory : 611.24 (As of Jun. 2023)

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What is Redhill Biopharma Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Redhill Biopharma's Average Total Inventories for the three months ended in Jun. 2023 was $5.40 Mil. Redhill Biopharma's Cost of Goods Sold for the three months ended in Jun. 2023 was $0.81 Mil. Hence, Redhill Biopharma's Days Inventory for the three months ended in Jun. 2023 was 611.24.

The historical rank and industry rank for Redhill Biopharma's Days Inventory or its related term are showing as below:

RDHL' s Days Inventory Range Over the Past 10 Years
Min: 41.59 Med: 112.11 Max: 812.41
Current: 116.79

During the past 13 years, Redhill Biopharma's highest Days Inventory was 812.41. The lowest was 41.59. And the median was 112.11.

RDHL's Days Inventory is ranked better than
68.04% of 973 companies
in the Drug Manufacturers industry
Industry Median: 157.96 vs RDHL: 116.79

Redhill Biopharma's Days Inventory increased from Jun. 2022 (131.83) to Jun. 2023 (611.24). It might indicate that Redhill Biopharma's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Redhill Biopharma's Inventory Turnover for the three months ended in Jun. 2023 was 0.15.

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. Redhill Biopharma's Inventory-to-Revenue for the three months ended in Jun. 2023 was 3.01.

Redhill Biopharma Days Inventory Historical Data

The historical data trend for Redhill Biopharma'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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Redhill Biopharma Days Inventory Chart

Redhill Biopharma Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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214.17

41.59

78.81

141.34

812.41

Redhill Biopharma Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															117.32	125.20	477.42	611.24	-

Competitive Comparison of Redhill Biopharma's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Redhill Biopharma'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.

Redhill Biopharma's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Redhill Biopharma's Days Inventory falls into.

Redhill Biopharma Days Inventory Calculation

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

Redhill Biopharma's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (11.009	+	4.389)	/	2 )	/	3.459	*	365
=	7.699					/	3.459	*	365
=	812.41

Redhill Biopharma'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: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (5.859	+	4.939)	/	2 )	/	0.806	*	365 / 4
=	5.399					/	0.806	*	365 / 4
=	611.24

Redhill Biopharma (NAS:RDHL) 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.

Redhill Biopharma's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.806	/	5.399
	=	0.15

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.

Redhill Biopharma's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.399	/	1.796
	=	3.01

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.

Redhill Biopharma Days Inventory Related Terms

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

Redhill Biopharma (Redhill Biopharma) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Redhill Biopharma Ltd (NAS:RDHL) » Definitions » Days Inventory

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Traded in Other Exchanges

2RH0:Germany 2RH0:Germany

Address

21 Ha’arba’a Street, Tel Aviv, ISR, 6473921

Website

https://www.redhillbio.com

Redhill Biopharma Ltd is a specialty biopharmaceutical company focused on gastrointestinal diseases. The company promotes gastrointestinal drugs, including Movantik for opioid-induced constipation in adults, Talicia for the treatment of Helicobacter pylori infection in adults, and Aemcolo for the treatment of travelers' diarrhea in adults. Its key clinical late-stage development programs include RHB-104 for Crohn's disease; RHB-204, for pulmonary nontuberculous mycobacteria infections; RHB-102 (Bekinda) with positive results from a first Phase 3 study for acute gastroenteritis and gastritis; Opaganib (Yeliva); RHB-106, an encapsulated bowel preparation and RHB-107, a Phase 2-stage serine protease inhibitor targeting cancer and inflammatory gastrointestinal diseases.