Medigen Biotechnology (ROCO:3176) Days Inventory : 450.60 (As of Mar. 2024)

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What is Medigen Biotechnology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Medigen Biotechnology's Average Total Inventories for the three months ended in Mar. 2024 was NT$559 Mil. Medigen Biotechnology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$113 Mil. Hence, Medigen Biotechnology's Days Inventory for the three months ended in Mar. 2024 was 450.60.

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

ROCO:3176' s Days Inventory Range Over the Past 10 Years
Min: 77.58 Med: 164.07 Max: 537.32
Current: 537.32

During the past 13 years, Medigen Biotechnology's highest Days Inventory was 537.32. The lowest was 77.58. And the median was 164.07.

ROCO:3176's Days Inventory is ranked worse than
82.39% of 653 companies
in the Biotechnology industry
Industry Median: 190.92 vs ROCO:3176: 537.32

Medigen Biotechnology's Days Inventory declined from Mar. 2023 (738.04) to Mar. 2024 (450.60).

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. Medigen Biotechnology's Inventory Turnover for the three months ended in Mar. 2024 was 0.20.

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. Medigen Biotechnology's Inventory-to-Revenue for the three months ended in Mar. 2024 was 2.22.

Medigen Biotechnology Days Inventory Historical Data

The historical data trend for Medigen Biotechnology'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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Medigen Biotechnology Days Inventory Chart

Medigen Biotechnology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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163.95

237.82

143.28

272.39

418.61

Medigen Biotechnology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															738.04	812.33	469.42	444.98	450.60

Competitive Comparison of Medigen Biotechnology's Days Inventory

For the Biotechnology subindustry, Medigen Biotechnology'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.

Medigen Biotechnology's Days Inventory Distribution in the Biotechnology Industry

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

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

Medigen Biotechnology Days Inventory Calculation

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

Medigen Biotechnology'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
=	( (692.615	+	546.906)	/	2 )	/	540.391	*	365
=	619.7605					/	540.391	*	365
=	418.61

Medigen Biotechnology's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (546.906	+	571.376)	/	2 )	/	113.23	*	365 / 4
=	559.141					/	113.23	*	365 / 4
=	450.60

Medigen Biotechnology (ROCO:3176) 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.

Medigen Biotechnology's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	113.23	/	559.141
	=	0.20

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.

Medigen Biotechnology's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	559.141	/	251.316
	=	2.22

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.

Medigen Biotechnology Days Inventory Related Terms

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

Medigen Biotechnology (ROCO:3176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Medigen Biotechnology Corp (ROCO:3176) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yuancyu Street, 14F, Building No.3,, Nangang District, Taipei, TWN, 11560

Website

https://www.medigen.com.tw

Medigen Biotechnology Corp is a biopharmaceutical company primarily engaged in new drug development, drug discovery, molecular diagnostics, vaccine, and generic drugs. The new drug development business focuses mainly on the clinical stage of drug development and includes PI-88 MUPAFOSTAT for the treatment of liver cancer and OBP-301 treatment using adenovirus targeted to cancer cells only. Drug discovery includes the development of human-native mAbs for therapeutic applications related to infectious diseases. Generic drugs include pharmaceuticals for infectious diseases (antibiotics), contraceptives, nutrition milk powder, vitamin C tablets, dermatologic agents, and eye care products.

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