The historical rank and industry rank for Bionano Genomics's Days Inventory or its related term are showing as below:
BNGO'
s Days Inventory Range Over the Past 10 Years
Min: 57.88 Med: 193.2 Max: 397.7
Current: 397.7
During the past 8 years, Bionano Genomics's highest Days Inventory was 397.70. The lowest was 57.88. And the median was 193.20.
BNGO's Days Inventory is ranked worse than 83.12% of 776
companies
in the Medical Devices & Instruments industry
Industry Median: 186.925
vs BNGO: 397.70
Bionano Genomics's Days Inventory
declined
from Dec. 2022 (390.10) to Dec. 2023 (271.67).
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Bionano Genomics's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.34.
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.
Bionano Genomics's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 2.30.
Bionano Genomics Days Inventory Historical Data
The historical data trend for Bionano Genomics'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 Bionano Genomics's Days Inventory
For the Medical Instruments & Supplies subindustry, Bionano Genomics'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.
Bionano Genomics's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Bionano Genomics's Days Inventory distribution charts can be found below:
* The bar in red indicates where Bionano Genomics's Days Inventory falls into.
Bionano Genomics Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Bionano Genomics'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.
Bionano Genomics (NAS:BNGO) 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.
Bionano Genomics'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.
Bionano Genomics'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.
Bionano Genomics Days Inventory Related Terms
Thank you for viewing the detailed overview of Bionano Genomics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Bionano Genomics (Bionano Genomics) Business Description
Bionano Genomics Inc is a life sciences instrumentation company in the genome analysis space. It is engaged in the development and marketing of the Saphyr system, a platform for ultra-sensitive and ultra-specific structural variation detection that enables researchers and clinicians to accelerate the search for new diagnostics and therapeutic targets and to streamline the study of changes in chromosomes. Geographically, it operates in Americas, EMEA and Asia Pacific; majority revenue being generated from Americas.
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