Novomics Co (XKRX:283100) Days Inventory : 141.01 (As of Dec. 2023)

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What is Novomics Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Novomics Co's Average Total Inventories for the six months ended in Dec. 2023 was ₩56.9 Mil. Novomics Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ₩147.3 Mil. Hence, Novomics Co's Days Inventory for the six months ended in Dec. 2023 was 70.50.

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

XKRX:283100' s Days Inventory Range Over the Past 10 Years
Min: 141.01 Med: 198.52 Max: 3144.66
Current: 141.01

During the past 7 years, Novomics Co's highest Days Inventory was 3144.66. The lowest was 141.01. And the median was 198.52.

XKRX:283100's Days Inventory is ranked better than
63.25% of 653 companies
in the Biotechnology industry
Industry Median: 193.86 vs XKRX:283100: 141.01

Novomics Co's Days Inventory declined from Dec. 2021 (198.52) to Dec. 2023 (141.01).

Inventory Turnover measures how fast the company turns over its inventory within a year. Novomics Co's Inventory Turnover for the six months ended in Dec. 2023 was 2.59.

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. Novomics Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.30.

Novomics Co Days Inventory Historical Data

The historical data trend for Novomics 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.

* Premium members only.

Novomics Co Days Inventory Chart

Novomics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

3,144.66

332.25

198.52

186.88

141.01

Novomics Co Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Days Inventory	Get a 7-Day Free Trial			3,144.66	332.25	198.52	186.88	141.01

Competitive Comparison of Novomics Co's Days Inventory

For the Biotechnology subindustry, Novomics 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.

Novomics Co's Days Inventory Distribution in the Biotechnology Industry

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

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

Novomics Co Days Inventory Calculation

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

Novomics 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
=	( (59.307	+	54.52)	/	2 )	/	147.322	*	365
=	56.9135					/	147.322	*	365
=	141.01

Novomics Co'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: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (59.307	+	54.52)	/	2 )	/	147.322	*	365 / 2
=	56.9135					/	147.322	*	365 / 2
=	70.50

Novomics Co (XKRX:283100) 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.

Novomics Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	147.322	/	56.9135
	=	2.59

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.

Novomics Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	56.9135	/	190.103
	=	0.30

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.

Novomics Co Days Inventory Related Terms

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

Novomics Co (XKRX:283100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Novomics Co Ltd (XKRX:283100) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

171 Dangsan-ro, 304, 305, 306, 306-1, Yeongdeungpo-gu, Seoul, KOR

Website

http://www.novomics.com

Novomics Co Ltd is a developer of a molecular diagnosis system for cancer treatment.

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