Scientific Industries (Scientific Industries) Days Inventory

: 308.19 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

Days Inventory is also known as Days Sales of Inventory (DSI). Scientific Industries's Average Total Inventories for the three months ended in Dec. 2023 was $5.08 Mil. Scientific Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.51 Mil. Hence, Scientific Industries's Days Inventory for the three months ended in Dec. 2023 was 308.19.

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

SCND' s Days Inventory Range Over the Past 10 Years
Min: 146.76 Med: 175 Max: 313.48
Current: 313.48

During the past 13 years, Scientific Industries's highest Days Inventory was 313.48. The lowest was 146.76. And the median was 175.00.

SCND's Days Inventory is ranked worse than
92.22% of 2404 companies
in the Hardware industry
Industry Median: 104.28 vs SCND: 313.48

Scientific Industries's Days Inventory increased from Dec. 2022 (282.82) to Dec. 2023 (308.19). It might indicate that Scientific Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Scientific Industries's Inventory Turnover for the three months ended in Dec. 2023 was 0.30.

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. Scientific Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.86.

Scientific Industries Days Inventory Historical Data

The historical data trend for Scientific Industries'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.

Scientific Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Dec23

Days Inventory

152.06

243.51

209.80

247.23

290.91

Scientific Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																282.82	323.01	292.83	343.24	308.19

Competitive Comparison

For the Scientific & Technical Instruments subindustry, Scientific Industries'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.

Scientific Industries Days Inventory Distribution

For the Hardware industry and Technology sector, Scientific Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Scientific Industries's Days Inventory falls into.

Scientific Industries Days Inventory Calculation

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

Scientific Industries'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: Jun. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (4.696	+	4.884)	/	2 )	/	6.01	*	365
=	4.79					/	6.01	*	365
=	290.91

Scientific Industries'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
=	( (5.282	+	4.884)	/	2 )	/	1.505	*	365 / 4
=	5.083					/	1.505	*	365 / 4
=	308.19

Scientific Industries (OTCPK:SCND) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.505	/	5.083
	=	0.30

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.083	/	2.738
	=	1.86

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.

Scientific Industries Days Inventory Related Terms

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

Scientific Industries (Scientific Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Scientific Industries Inc (OTCPK:SCND) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Orville Drive, Suite 102, Bohemia, NY, USA, 11716

Website

https://www.scientificindustries.com

Scientific Industries Inc is engaged in the design, manufacture, and marketing of benchtop laboratory equipment. Its products are used for research purposes by universities, pharmaceutical companies, pharmacies, national laboratories, medical device manufacturers, petrochemical companies, and other industries performing laboratory-scale research. The company's operating segment includes Benchtop Laboratory Equipment, Bioprocessing Systems and Corporate. It generates maximum revenue from the Benchtop Laboratory Equipment segment. The company offers equipment products such as mixers, shakers, stirrers, refrigerated incubators, pharmacy balances and scales, force gauges, catalyst instruments, reactor systems, and high throughput systems.

Executives

Bleichroeder Lp	10 percent owner	1345 AVENUE OF THE AMERICAS, 47TH FLOOR, NEW YORK NY 10105
Marcus Frampton	director, 10 percent owner	800 F STREET, UNIT #P2, JUNEAU AK 99801
Jurgen Walter Schumacher	director	WARTAWEIL 14, HERRSCHING 2M 82211
Reginald Averilla	officer: Chief Financial Officer	175-20 WEXFORD TERRACE, APT 2X, JAMAICA NY 11432
Joseph G Cremonese	director	C/O SCIENTIFIC INDUSTRIES INC, 70 ORVILLE DR, BOHEMIA NY 11716
John A Moore	director	403 MARSH LANE, WILMINGTON DE 19807
Helena R Santos	director, officer: President and CEO
Veradace Partners Lp	10 percent owner	2626 COLE AVENUE, SUITE 300, DALLAS TX 75204
James B Polk	officer: Chief Commercial Officer	7550 GLEN RIDGE DRIVE, CASTLE PINES CO 80101
Roy T Eddleman	10 percent owner	110 W. GEORGE BURNS ROAD, SUITE D-4018, LOS ANGELES CA 90048
Lyon Polk	10 percent owner	1585 BROADWAY, 22ND FLOOR, NEW YORK NY 10036
Christopher T Cox	10 percent owner	CADWALADER, WICKERSHAM & TAFT LLP, ONE WORLD FINANCIAL CENTER, NEW YORK NY 10281
Robert Nichols	officer: Secretary	C/O SCIENTIFIC INDUSTRIES, INC., 70 ORVILLE DRIVE, BOHEMIA NY 11716
Watkins John F F	director	469 PUMPKIN LANE, CLINTON CORNERS NY 12514
Karl Nowosielski	officer: President-Division	C/O SCIENTIFIC INDUSTRIES, 70 ORVILLE DRIVE, BOHEMIA NY 11716