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Essex Bio-Technology (HKSE:01061) Days Inventory : 152.36 (As of Dec. 2023)


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What is Essex Bio-Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Essex Bio-Technology's Average Total Inventories for the six months ended in Dec. 2023 was HK$65 Mil. Essex Bio-Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$78 Mil. Hence, Essex Bio-Technology's Days Inventory for the six months ended in Dec. 2023 was 152.36.

The historical rank and industry rank for Essex Bio-Technology's Days Inventory or its related term are showing as below:

HKSE:01061' s Days Inventory Range Over the Past 10 Years
Min: 71.04   Med: 166.53   Max: 258.63
Current: 156.03

During the past 13 years, Essex Bio-Technology's highest Days Inventory was 258.63. The lowest was 71.04. And the median was 166.53.

HKSE:01061's Days Inventory is ranked better than
50.98% of 969 companies
in the Drug Manufacturers industry
Industry Median: 159.69 vs HKSE:01061: 156.03

Essex Bio-Technology's Days Inventory declined from Dec. 2022 (258.85) to Dec. 2023 (152.36).

Inventory Turnover measures how fast the company turns over its inventory within a year. Essex Bio-Technology's Inventory Turnover for the six months ended in Dec. 2023 was 1.20.

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. Essex Bio-Technology's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.08.


Essex Bio-Technology Days Inventory Historical Data

The historical data trend for Essex Bio-Technology'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.

Essex Bio-Technology Days Inventory Chart

Essex Bio-Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 137.08 258.63 184.55 257.63 159.82

Essex Bio-Technology Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 160.42 239.86 258.85 155.70 152.36

Competitive Comparison of Essex Bio-Technology's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Essex Bio-Technology'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.


Essex Bio-Technology's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Essex Bio-Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where Essex Bio-Technology's Days Inventory falls into.



Essex Bio-Technology Days Inventory Calculation

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

Essex Bio-Technology'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
=( (83.659 + 62.822) / 2 ) / 167.263*365
=73.2405 / 167.263*365
=159.82

Essex Bio-Technology'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: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (68.028 + 62.822) / 2 ) / 78.366*365 / 2
=65.425 / 78.366*365 / 2
=152.36

* 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.


Essex Bio-Technology  (HKSE:01061) 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.

Essex Bio-Technology's Inventory Turnover for the six months ended in Dec. 2023 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.

Essex Bio-Technology's Inventory to Revenue for the six months ended in Dec. 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.


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.


Essex Bio-Technology Days Inventory Related Terms

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


Essex Bio-Technology (HKSE:01061) Business Description

Traded in Other Exchanges
N/A
Address
No. 88, Keji 6th Road, Hi-Tech Zone, Guangdong, Zhuhai, CHN
Essex Bio-Technology Ltd is principally engaged in investment holding and development, manufacture and sale of biologic drugs in the People's Republic of China. The company is made up of segments of Ophthalmology products and Surgical products. Its products under Ophthalmology include the Beifushu series, Tobramycin Eye Drops, Levofloxacin Eye Drops, Sodium Hyaluronate Eye Drops. The products under Surgical include the Beifuji series, Carisolv dental caries removal gel and mouth wash. The majority of the groups revenue comes from PRC.
Executives
Lauw Hui Kian
Ngiam Mia Je Patrick
Ngiam Mia Kiat Benjamin 2101 Beneficial owner

Essex Bio-Technology (HKSE:01061) Headlines

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