Dechra Pharmaceuticals (LSE:DPH) Days Inventory : 231.32 (As of Jun. 2023)

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What is Dechra Pharmaceuticals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Dechra Pharmaceuticals's Average Total Inventories for the six months ended in Jun. 2023 was £220.6 Mil. Dechra Pharmaceuticals's Cost of Goods Sold for the six months ended in Jun. 2023 was £174.0 Mil. Hence, Dechra Pharmaceuticals's Days Inventory for the six months ended in Jun. 2023 was 231.32.

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

LSE:DPH' s Days Inventory Range Over the Past 10 Years
Min: 120.73 Med: 153.82 Max: 223.88
Current: 223.88

During the past 13 years, Dechra Pharmaceuticals's highest Days Inventory was 223.88. The lowest was 120.73. And the median was 153.82.

LSE:DPH's Days Inventory is not ranked
in the Drug Manufacturers industry.
Industry Median: 157.9 vs LSE:DPH: 223.88

Dechra Pharmaceuticals's Days Inventory increased from Jun. 2022 (193.51) to Jun. 2023 (231.32). It might indicate that Dechra Pharmaceuticals's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Dechra Pharmaceuticals's Inventory Turnover for the six months ended in Jun. 2023 was 0.79.

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. Dechra Pharmaceuticals's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.57.

Dechra Pharmaceuticals Days Inventory Historical Data

The historical data trend for Dechra Pharmaceuticals'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.

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Dechra Pharmaceuticals Days Inventory Chart

Dechra Pharmaceuticals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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166.24

183.15

188.21

199.83

213.97

Dechra Pharmaceuticals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															199.03	189.80	193.51	226.14	231.32

Competitive Comparison of Dechra Pharmaceuticals's Days Inventory

For the Drug Manufacturers - General subindustry, Dechra Pharmaceuticals'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.

Dechra Pharmaceuticals's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Dechra Pharmaceuticals's Days Inventory distribution charts can be found below:

* The bar in red indicates where Dechra Pharmaceuticals's Days Inventory falls into.

Dechra Pharmaceuticals Days Inventory Calculation

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

Dechra Pharmaceuticals's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (175.7	+	217.3)	/	2 )	/	335.2	*	365
=	196.5					/	335.2	*	365
=	213.97

Dechra Pharmaceuticals's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (223.8	+	217.3)	/	2 )	/	174	*	365 / 2
=	220.55					/	174	*	365 / 2
=	231.32

Dechra Pharmaceuticals (LSE:DPH) 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.

Dechra Pharmaceuticals's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	174	/	220.55
	=	0.79

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.

Dechra Pharmaceuticals's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	220.55	/	384.1
	=	0.57

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.

Dechra Pharmaceuticals Days Inventory Related Terms

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

Dechra Pharmaceuticals (LSE:DPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Dechra Pharmaceuticals PLC (LSE:DPH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

DPHAY:USA DPHl:UK 1PK:Germany

Address

24 Cheshire Avenue, Cheshire Business Park, Lostock Gralam, Northwich, GBR, CW9 7UA

Website

https://www.dechra.com

Dechra Pharmaceuticals PLC is a major drug manufacturing company with a focus on veterinary pharmaceutical products. The company develops, manufactures, and markets its products exclusively for veterinarians globally. Dechra is structured along three segments, including being European Pharmaceuticals, North American Pharmaceuticals, and Pharmaceuticals Research and Development. The vast majority of Dechra's revenue is generated in Europe, followed by the U.S. Dechra derives most of its revenue through its Companion Animal Product category, followed by food-producing animal products.

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