Great Novel Therapeutics Biotech & Medicals (ROCO:7427) Days Inventory : 503.08 (As of Dec. 2023)

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What is Great Novel Therapeutics Biotech & Medicals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Great Novel Therapeutics Biotech & Medicals's Average Total Inventories for the six months ended in Dec. 2023 was NT$6.16 Mil. Great Novel Therapeutics Biotech & Medicals's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$2.24 Mil. Hence, Great Novel Therapeutics Biotech & Medicals's Days Inventory for the six months ended in Dec. 2023 was 503.08.

The historical rank and industry rank for Great Novel Therapeutics Biotech & Medicals's Days Inventory or its related term are showing as below:

ROCO:7427' s Days Inventory Range Over the Past 10 Years
Min: 75.52 Med: 540.84 Max: 1006.16
Current: 1006.16

During the past 6 years, Great Novel Therapeutics Biotech & Medicals's highest Days Inventory was 1006.16. The lowest was 75.52. And the median was 540.84.

ROCO:7427's Days Inventory is ranked worse than
90.78% of 651 companies
in the Biotechnology industry
Industry Median: 194.42 vs ROCO:7427: 1006.16

Great Novel Therapeutics Biotech & Medicals's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (503.08). It might indicate that Great Novel Therapeutics Biotech & Medicals'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. Great Novel Therapeutics Biotech & Medicals's Inventory Turnover for the six months ended in Dec. 2023 was 0.36.

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. Great Novel Therapeutics Biotech & Medicals's Inventory-to-Revenue for the six months ended in Dec. 2023 was 70.01.

Great Novel Therapeutics Biotech & Medicals Days Inventory Historical Data

The historical data trend for Great Novel Therapeutics Biotech & Medicals'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.

Great Novel Therapeutics Biotech & Medicals Days Inventory Chart

Great Novel Therapeutics Biotech & Medicals Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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75.52

1,006.16

Great Novel Therapeutics Biotech & Medicals Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial					-	-	-	-	503.08

Competitive Comparison of Great Novel Therapeutics Biotech & Medicals's Days Inventory

For the Biotechnology subindustry, Great Novel Therapeutics Biotech & Medicals'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.

Great Novel Therapeutics Biotech & Medicals's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Great Novel Therapeutics Biotech & Medicals's Days Inventory distribution charts can be found below:

* The bar in red indicates where Great Novel Therapeutics Biotech & Medicals's Days Inventory falls into.

Great Novel Therapeutics Biotech & Medicals Days Inventory Calculation

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

Great Novel Therapeutics Biotech & Medicals'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
=	( (0	+	6.161)	/	1 )	/	2.235	*	365
=	6.161					/	2.235	*	365
=	1,006.16

Great Novel Therapeutics Biotech & Medicals'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
=	( (0	+	6.161)	/	1 )	/	2.235	*	365 / 2
=	6.161					/	2.235	*	365 / 2
=	503.08

Great Novel Therapeutics Biotech & Medicals (ROCO:7427) 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.

Great Novel Therapeutics Biotech & Medicals's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.235	/	6.161
	=	0.36

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.

Great Novel Therapeutics Biotech & Medicals's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.161	/	0.088
	=	70.01

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.

Great Novel Therapeutics Biotech & Medicals Days Inventory Related Terms

Thank you for viewing the detailed overview of Great Novel Therapeutics Biotech & Medicals's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Great Novel Therapeutics Biotech & Medicals (ROCO:7427) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Great Novel Therapeutics Biotech & Medicals (ROCO:7427) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3, Park Street, Room WR-06, 17th Floor, Nangang District, Taipei, TWN, 11503

Website

http://www.gntbm.com.tw

Great Novel Therapeutics Biotech & Medicals focuses on drug development to treat advanced cancer. The new drugs ranging from epigenetic modulators, a combination of tumor microenvironment-regulating agents, epigenetic immuno-modulators, to the protein degradation drugs targeting HDACs 1, 2, and 3, are in a developing pipeline. These drugs focus on the field of epigenetics, for the demand of clinical unmet needs in advanced and refractory cancers.

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