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Castle Biosciences Days Inventory

: 61.36 (As of Jun. 2020)
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Castle Biosciences's Total Inventories for the three months ended in Jun. 2020 was $1.44 Mil. Castle Biosciences's Cost of Goods Sold for the three months ended in Jun. 2020 was $2.15 Mil. Hence, Castle Biosciences's Days Inventory for the three months ended in Jun. 2020 was 61.36.

NAS:CSTL' s Days Inventory Range Over the Past 10 Years
Min: 22.62   Med: 40.9   Max: 52.9
Current: 48.59

22.62
52.9

During the past 3 years, Castle Biosciences's highest Days Inventory was 52.90. The lowest was 22.62. And the median was 40.90.

NAS:CSTL's Days Inventory is ranked higher than
67% of the 194 Companies
in the Medical Diagnostics & Research industry.

( Industry Median: 82.97 vs. NAS:CSTL: 48.59 )

Castle Biosciences's Days Inventory increased from Jun. 2019 (31.13) to Jun. 2020 (61.36). It might indicate that Castle Biosciences's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Total Inventories can be measured by Days Sales of Inventory (DSI).

Inventory Turnover measures how fast the company turns over its inventory within a year. Castle Biosciences's Inventory Turnover for the three months ended in Jun. 2020 was 1.49.

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. Castle Biosciences's Inventory-to-Revenue for the three months ended in Jun. 2020 was 0.11.


Castle Biosciences Days Inventory Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Castle Biosciences Annual Data
Dec17 Dec18 Dec19
Days Inventory 22.62 40.90 52.90

Castle Biosciences Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.13 36.65 46.71 46.87 61.36

Competitive Comparison
* 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.


Castle Biosciences Days Inventory Distribution

* The bar in red indicates where Castle Biosciences's Days Inventory falls into.



Castle Biosciences Days Inventory Calculation

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

Castle Biosciences's Days Inventory for the fiscal year that ended in Dec. 2019 is calculated as

Days Inventory (A: Dec. 2019 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2018 ) + Total Inventories (A: Dec. 2019 )) / count ) / Cost of Goods Sold (A: Dec. 2019 )*Days in Period
=( (0.882 + 1.237) / 2 ) / 7.31*365
=1.0595 / 7.31*365
=52.90

Castle Biosciences's Days Inventory for the quarter that ended in Jun. 2020 is calculated as:

Days Inventory (Q: Jun. 2020 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2020 ) + Total Inventories (Q: Jun. 2020 )) / count ) / Cost of Goods Sold (Q: Jun. 2020 )*Days in Period
=( (1.219 + 1.667) / 2 ) / 2.146*365 / 4
=1.443 / 2.146*365 / 4
=61.36

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Castle Biosciences  (NAS:CSTL) Days Inventory Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Total Inventories can be measured by Days Sales of Inventory (DSI).

Castle Biosciences's Days Sales of Inventory for the three months ended in Jun. 2020 is calculated as

Days Sales of Inventory (DSI)=Total Inventories/Revenue*Days in Period
=1.443/12.715*365 / 4
=10.36

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Castle Biosciences's Inventory Turnover for the three months ended in Jun. 2020 is calculated as

3. 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.

Castle Biosciences's Inventory to Revenue for the three months ended in Jun. 2020 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.


Castle Biosciences Days Inventory Related Terms


Castle Biosciences Days Inventory Headlines

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