Days Inventory is also known as Days Sales of Inventory (DSI). Azenta's Average Total Inventories for the
three
months ended in Dec. 2023 was $127.7 Mil. Azenta's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $92.8 Mil.
Hence, Azenta's Days Inventory for the
three
months ended in Dec. 2023 was 125.55.
The historical rank and industry rank for Azenta's Days Inventory or its related term are showing as below:
AZTA'
s Days Inventory Range Over the Past 10 Years
Min: 65.94 Med: 97.26 Max: 179.62
Current: 129.85
During the past 13 years, Azenta's highest Days Inventory was 179.62. The lowest was 65.94. And the median was 97.26.
AZTA's Days Inventory is ranked better than 72.16% of 776
companies
in the Medical Devices & Instruments industry
Industry Median: 187.12
vs AZTA: 129.85
Azenta's Days Inventory
increased
from Dec. 2022 (101.07) to Dec. 2023 (125.55).
It might indicate that Azenta's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Azenta's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.73.
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.
Azenta's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.83.
Azenta Days Inventory Historical Data
The historical data trend for Azenta'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.
For the Medical Instruments & Supplies subindustry, Azenta'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.
Azenta's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Azenta's Days Inventory distribution charts can be found below:
* The bar in red indicates where Azenta's Days Inventory falls into.
Azenta Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Azenta's Days Inventory for the fiscal year that ended in Sep. 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.
Azenta (NAS:AZTA) 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.
Azenta's Inventory Turnover for the
three
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.
Azenta's Inventory to Revenue for the
three
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.
Azenta Days Inventory Related Terms
Thank you for viewing the detailed overview of Azenta's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Azenta Inc is a provider of life sciences solutions, enabling impactful breakthroughs and therapies to market faster. It provides a full suite of reliable cold-chain sample management solutions and genomic services across areas such as drug development, clinical research and advanced cell therapies for the industry's top pharmaceutical, biotech, academic and healthcare institutions globally. The company has two reportable segments that are Life Sciences Products and Life Sciences Services. It generates a substantial part of its revenue from its Life Sciences Services segment.
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