SLS BIO Co (XKRX:246250) Days Inventory : 16.06 (As of Mar. 2024)

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What is SLS BIO Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SLS BIO Co's Average Total Inventories for the three months ended in Mar. 2024 was ₩261 Mil. SLS BIO Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩1,482 Mil. Hence, SLS BIO Co's Days Inventory for the three months ended in Mar. 2024 was 16.06.

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

XKRX:246250' s Days Inventory Range Over the Past 10 Years
Min: 0.75 Med: 8.13 Max: 22.24
Current: 22.24

During the past 9 years, SLS BIO Co's highest Days Inventory was 22.24. The lowest was 0.75. And the median was 8.13.

XKRX:246250's Days Inventory is ranked better than
82.98% of 188 companies
in the Medical Diagnostics & Research industry
Industry Median: 67.465 vs XKRX:246250: 22.24

SLS BIO Co's Days Inventory increased from Dec. 2022 (15.71) to Mar. 2024 (16.06). It might indicate that SLS BIO Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. SLS BIO Co's Inventory Turnover for the three months ended in Mar. 2024 was 5.68.

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. SLS BIO Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.13.

SLS BIO Co Days Inventory Historical Data

The historical data trend for SLS BIO Co'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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SLS BIO Co Days Inventory Chart

SLS BIO Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.75

14.43

14.85

15.20

17.54

SLS BIO Co Quarterly Data
	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial			15.71	-	16.30	15.64	16.06

Competitive Comparison of SLS BIO Co's Days Inventory

For the Diagnostics & Research subindustry, SLS BIO Co'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.

SLS BIO Co's Days Inventory Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, SLS BIO Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where SLS BIO Co's Days Inventory falls into.

SLS BIO Co Days Inventory Calculation

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

SLS BIO Co'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
=	( (307.202	+	260.852)	/	2 )	/	5911.933	*	365
=	284.027					/	5911.933	*	365
=	17.54

SLS BIO Co'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
=	( (260.852	+	0)	/	1 )	/	1481.824	*	365 / 4
=	260.852					/	1481.824	*	365 / 4
=	16.06

SLS BIO Co (XKRX:246250) 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.

SLS BIO Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1481.824	/	260.852
	=	5.68

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.

SLS BIO Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	260.852	/	2048.418
	=	0.13

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.

SLS BIO Co Days Inventory Related Terms

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

SLS BIO Co (XKRX:246250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » SLS BIO Co Ltd (XKRX:246250) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gwanggyo Central Biz Tower, 7th floor, Changryong-dong 260, Gyeonggi-do, Suwon-si, KOR, 16229

Website

http://www.slabs.co.kr

SLS BIO Co Ltd is engaged in providing drug development supporting services and pharmaceutical product QC through general tests and assays and instrumental analysis.

SLS BIO Co (XKRX:246250) Headlines

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