BG Medicine (BG Medicine) Days Inventory

: 204.76 (As of Dec. 2015)

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Days Inventory is also known as Days Sales of Inventory (DSI). BG Medicine's Average Total Inventories for the three months ended in Dec. 2015 was $0.18 Mil. BG Medicine's Cost of Goods Sold for the three months ended in Dec. 2015 was $0.08 Mil. Hence, BG Medicine's Days Inventory for the three months ended in Dec. 2015 was 204.76.

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

BGMD's Days Inventory is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 187.06
* Ranked among companies with meaningful Days Inventory only.

BG Medicine's Days Inventory increased from Dec. 2014 (180.12) to Dec. 2015 (204.76). It might indicate that BG Medicine's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. BG Medicine's Inventory Turnover for the three months ended in Dec. 2015 was 0.45.

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. BG Medicine's Inventory-to-Revenue for the three months ended in Dec. 2015 was 0.63.

BG Medicine Days Inventory Historical Data

The historical data trend for BG Medicine'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.

BG Medicine Annual Data

Trend

Dec05

Dec06

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Days Inventory

125.01

125.67

119.04

163.98

196.96

BG Medicine Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Days Inventory																180.12	208.22	153.85	231.67	204.76

Competitive Comparison

For the Medical Instruments & Supplies subindustry, BG Medicine'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.

BG Medicine Days Inventory Distribution

For the Medical Devices & Instruments industry and Healthcare sector, BG Medicine's Days Inventory distribution charts can be found below:

* The bar in red indicates where BG Medicine's Days Inventory falls into.

BG Medicine Days Inventory Calculation

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

BG Medicine's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as

	Days Inventory (A: Dec. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2014 )	+	Total Inventories (A: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2015 )	*	Days in Period
=	( (0.4	+	0.145)	/	2 )	/	0.505	*	365
=	0.2725					/	0.505	*	365
=	196.96

BG Medicine's Days Inventory for the quarter that ended in Dec. 2015 is calculated as:

	Days Inventory (Q: Dec. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2015 )	+	Total Inventories (Q: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2015 )	*	Days in Period
=	( (0.223	+	0.145)	/	2 )	/	0.082	*	365 / 4
=	0.184					/	0.082	*	365 / 4
=	204.76

BG Medicine (OTCPK:BGMD) 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.

BG Medicine's Inventory Turnover for the three months ended in Dec. 2015 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.082	/	0.184
	=	0.45

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.

BG Medicine's Inventory to Revenue for the three months ended in Dec. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.184	/	0.29
	=	0.63

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.

BG Medicine Days Inventory Related Terms

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

BG Medicine (BG Medicine) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » BG Medicine Inc (OTCPK:BGMD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 Wyman Street, Suite 300, Waltham, MA, USA, 02451

Website

http://www.bg-medicine.com

BG Medicine Inc manufacture and sell diagnostic products that are used to guide the patients suffering from heart failure and related disorders in the United States. It distributes its products such as BGM Galectin-3 Test, an in vitro diagnostic device that measures galectin-3 in serum or plasma by enzyme-linked immunosorbent assay on a microtiter plate platform; and CardioSCORE Test, a multi-analyte biomarker-based blood test used for the assessment of near-term risk of atherothrombotic cardiovascular events, such as heart attack and ischemic stroke.

Executives

Jeffrey R Luber	director	100 CAMPUS DRIVE, C/O EXACT SCIENCES CORP, MARLBOROUGH MA 01752
Noubar Afeyan	director, 10 percent owner	C/O FLAGSHIP PIONEERING, INC., 55 CAMBRIDGE PARKWAY, SUITE 800E, CAMBRIDGE MA 02142
Stelios Papadopoulos	director	3 SOMERSET DRIVE SOUTH, GREAT NECK NY 11020
Harry W Wilcox	director	ONE KENDALL SQ, BLDG 700, CAMBRIDGE MA 02139
Agtc Partners, L.p.	10 percent owner	C/O FLAGSHIP VENTURES ONE MEMORIAL DRIVE, 7TH FLOOR CAMBRIDGE MA 02142
Newcogen Group, Inc.	10 percent owner	C/O FLAGSHIP VENTURES ONE MEMORIAL DRIVE, 7TH FLOOR CAMBRIDGE MA 02142
Applied Genomic Technology Capital Fund Lp	10 percent owner	C/O FLAGSHIP VENTURES ONE MEMORIAL DRIVE, 7TH FLOOR CAMBRIDGE MA 02142
Flagship Pioneering Inc.	10 percent owner	55 CAMBRIDGE PARKWAY, SUITE 800E, CAMBRIDGE MA 02142
Agtc Advisors Fund Lp	10 percent owner	ONE MEMORIAL DRIVE 7TH FLOOR CAMBRIDGE MA 02142
Kania Edwin M Jr	10 percent owner
Flagship Ventures Fund 2007, L.p.	10 percent owner	55 CAMBRIDGE PARKWAY, 8TH FLOOR, CAMBRIDGE MA 02142
Flagship Ventures 2007 General Partner Llc	10 percent owner	55 CAMBRIDGE PARKWAY, SUITE 800E, CAMBRIDGE MA 02142
Brian S Posner	director	14 CAMBRIDGE CENTER, CAMBRIDGE MA 02142
Stephane Bancel	director	320 BENT STREET, CAMBRIDGE MA 02141
Harris Timothy J.r.	director	C/O BG MEDICINE, 610 LINCOLN STREET NORTH, WALTHAM MA 02451

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