Days Inventory is also known as Days Sales of Inventory (DSI). Avecho Biotechnology's Average Total Inventories for the
six
months ended in Dec. 2023 was A$0.12 Mil. Avecho Biotechnology's Cost of Goods Sold for the
six
months ended in Dec. 2023 was A$0.39 Mil.
Hence, Avecho Biotechnology's Days Inventory for the
six
months ended in Dec. 2023 was 54.66.
The historical rank and industry rank for Avecho Biotechnology's Days Inventory or its related term are showing as below:
ASX:AVE'
s Days Inventory Range Over the Past 10 Years
Min: 129.37 Med: 248.58 Max: 1038.09
Current: 149.44
During the past 13 years, Avecho Biotechnology's highest Days Inventory was 1038.09. The lowest was 129.37. And the median was 248.58.
ASX:AVE's Days Inventory is ranked better than 59.69% of 650
companies
in the Biotechnology industry
Industry Median: 191.745
vs ASX:AVE: 149.44
Avecho Biotechnology's Days Inventory
declined
from Dec. 2022 (593.46) to Dec. 2023 (54.66).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Avecho Biotechnology's Inventory Turnover for the
six
months ended in Dec. 2023 was 3.34.
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.
Avecho Biotechnology's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 4.31.
Avecho Biotechnology Days Inventory Historical Data
The historical data trend for Avecho Biotechnology'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.
Competitive Comparison of Avecho Biotechnology's Days Inventory
For the Biotechnology subindustry, Avecho Biotechnology'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.
Avecho Biotechnology's Days Inventory Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Avecho Biotechnology's Days Inventory distribution charts can be found below:
* The bar in red indicates where Avecho Biotechnology's Days Inventory falls into.
Avecho Biotechnology Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Avecho Biotechnology's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Avecho Biotechnology (ASX:AVE) 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.
Avecho Biotechnology's Inventory Turnover for the
six
months ended in Dec. 2023 is calculated as
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.
Avecho Biotechnology's Inventory to Revenue for the
six
months ended in Dec. 2023 is calculated as
* 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.
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.
Avecho Biotechnology Days Inventory Related Terms
Thank you for viewing the detailed overview of Avecho Biotechnology's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Avecho Biotechnology (ASX:AVE) Business Description
Avecho Biotechnology Ltd is a research-based biotechnology company engaged in the development, production, sale, and licensing of products incorporating its patented platform technology TPM, for the pharmaceutical, skincare and animal health and nutrition industries. Its segments include Production, Human Health, and other segments. The Production segment, which is the key revenue driver, manufactures and sells TPM and Vital ET for use in drug delivery and cosmetic formulations. The Human Health segment's portfolio covers the delivery of drugs through gels, injectables, and patches including the conduct of research and development activities. It focuses on the development of patches, including TPM/Oxymorphone and TPM/Oxycodone.
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