CollPlant Biotechnologies (XTAE:CLGN) Days Inventory : 130.84 (As of Dec. 2023)

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What is CollPlant Biotechnologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CollPlant Biotechnologies's Average Total Inventories for the three months ended in Dec. 2023 was ₪4.07 Mil. CollPlant Biotechnologies's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪2.84 Mil. Hence, CollPlant Biotechnologies's Days Inventory for the three months ended in Dec. 2023 was 130.84.

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

XTAE:CLGN' s Days Inventory Range Over the Past 10 Years
Min: 111.66 Med: 196.52 Max: 1247.08
Current: 255.96

During the past 12 years, CollPlant Biotechnologies's highest Days Inventory was 1247.08. The lowest was 111.66. And the median was 196.52.

XTAE:CLGN's Days Inventory is ranked worse than
60.55% of 654 companies
in the Biotechnology industry
Industry Median: 192.63 vs XTAE:CLGN: 255.96

CollPlant Biotechnologies's Days Inventory declined from Dec. 2022 (1,881.03) to Dec. 2023 (130.84).

Inventory Turnover measures how fast the company turns over its inventory within a year. CollPlant Biotechnologies's Inventory Turnover for the three months ended in Dec. 2023 was 0.70.

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. CollPlant Biotechnologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 3.71.

CollPlant Biotechnologies Days Inventory Historical Data

The historical data trend for CollPlant Biotechnologies'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.

CollPlant Biotechnologies Days Inventory Chart

CollPlant Biotechnologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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165.29

130.69

213.24

1,145.53

196.54

CollPlant Biotechnologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															1,881.03	451.01	247.32	501.16	130.84

Competitive Comparison of CollPlant Biotechnologies's Days Inventory

For the Biotechnology subindustry, CollPlant Biotechnologies'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.

CollPlant Biotechnologies's Days Inventory Distribution in the Biotechnology Industry

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

* The bar in red indicates where CollPlant Biotechnologies's Days Inventory falls into.

CollPlant Biotechnologies Days Inventory Calculation

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

CollPlant Biotechnologies'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
=	( (5.255	+	2.624)	/	2 )	/	7.316	*	365
=	3.9395					/	7.316	*	365
=	196.54

CollPlant Biotechnologies'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (5.523	+	2.624)	/	2 )	/	2.841	*	365 / 4
=	4.0735					/	2.841	*	365 / 4
=	130.84

CollPlant Biotechnologies (XTAE:CLGN) 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.

CollPlant Biotechnologies's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.841	/	4.0735
	=	0.70

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.

CollPlant Biotechnologies's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.0735	/	1.099
	=	3.71

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.

CollPlant Biotechnologies Days Inventory Related Terms

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

CollPlant Biotechnologies (XTAE:CLGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » CollPlant Biotechnologies Ltd (XTAE:CLGN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CLGN:USA CPT:Germany

Address

4 Oppenheimer Street, P.O. Box 4132, Weizmann Science Park, Rehovot, ISR, 7670104

Website

https://www.collplant.com

CollPlant Biotechnologies Ltd is a regenerative and aesthetic medicine company focused on 3D bioprinting of tissues and organs and medical aesthetics. Its products are based on its rhCollagen (recombinant human collagen) produced with CollPlant's proprietary plant based genetic engineering technology. These products address indications for the diverse fields of tissue repair, aesthetics, and organ manufacturing. The company's revenues include income from business collaborators and sales of the BioInk product for the development of 3D bioprinting of organs and tissues, sales of rhCollagen for the medical aesthetics market, and sales in Europe of the products for tendinopathy and wound healing.