Cangene (FRA:YGE) Days Inventory : 319.10 (As of Oct. 2013)

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What is Cangene Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cangene's Average Total Inventories for the three months ended in Oct. 2013 was €39.96 Mil. Cangene's Cost of Goods Sold for the three months ended in Oct. 2013 was €11.43 Mil. Hence, Cangene's Days Inventory for the three months ended in Oct. 2013 was 319.10.

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

FRA:YGE's Days Inventory is not ranked ^*
in the Biotechnology industry.
Industry Median: 190.92
* Ranked among companies with meaningful Days Inventory only.

Cangene's Days Inventory increased from Oct. 2012 (235.73) to Oct. 2013 (319.10). It might indicate that Cangene's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cangene's Inventory Turnover for the three months ended in Oct. 2013 was 0.29.

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. Cangene's Inventory-to-Revenue for the three months ended in Oct. 2013 was 2.21.

Cangene Days Inventory Historical Data

The historical data trend for Cangene'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.

Cangene Days Inventory Chart

Cangene Annual Data

Trend

Jul04

Jul05

Jul06

Jul07

Jul08

Jul09

Jul10

Jul11

Jul12

Jul13

Days Inventory

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245.96

315.95

309.54

246.92

276.99

Cangene Quarterly Data
	Jan09	Apr09	Jul09	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13
Days Inventory	Get a 7-Day Free Trial															235.73	280.73	266.94	291.85	319.10

Competitive Comparison of Cangene's Days Inventory

For the Biotechnology subindustry, Cangene'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.

Cangene's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Cangene's Days Inventory distribution charts can be found below:

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

Cangene Days Inventory Calculation

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

Cangene's Days Inventory for the fiscal year that ended in Jul. 2013 is calculated as

	Days Inventory (A: Jul. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jul. 2012 )	+	Total Inventories (A: Jul. 2013 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2013 )	*	Days in Period
=	( (46.927	+	40.075)	/	2 )	/	57.322	*	365
=	43.501					/	57.322	*	365
=	276.99

Cangene's Days Inventory for the quarter that ended in Oct. 2013 is calculated as:

	Days Inventory (Q: Oct. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jul. 2013 )	+	Total Inventories (Q: Oct. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2013 )	*	Days in Period
=	( (40.075	+	39.846)	/	2 )	/	11.427	*	365 / 4
=	39.9605					/	11.427	*	365 / 4
=	319.10

Cangene (FRA:YGE) 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.

Cangene's Inventory Turnover for the three months ended in Oct. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.427	/	39.9605
	=	0.29

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.

Cangene's Inventory to Revenue for the three months ended in Oct. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	39.9605	/	18.043
	=	2.21

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.

Cangene Days Inventory Related Terms

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

Cangene (FRA:YGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Cangene Corporation (FRA:YGE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.cangene.com

Cangene Corporation is a fully integrated developer and manufacturer of immune therapeutics, primarily targeting infectious disease, hematology, transplantation and biodefense applications. The company manages its business and evaluate performance based on two operating segments: biopharmaceutical operations and contract services. Revenues are generated from product sales, and contract manufacturing and contract-R&D services.

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