Days Inventory is also known as Days Sales of Inventory (DSI). Fulgent Genetics's Average Total Inventories for the
three
months ended in Dec. 2023 was $5.4 Mil. Fulgent Genetics's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $45.3 Mil.
Hence, Fulgent Genetics's Days Inventory for the
three
months ended in Dec. 2023 was 10.79.
The historical rank and industry rank for Fulgent Genetics's Days Inventory or its related term are showing as below:
FLGT'
s Days Inventory Range Over the Past 10 Years
Min: 7.65 Med: 12.33 Max: 54.98
Current: 9.97
During the past 10 years, Fulgent Genetics's highest Days Inventory was 54.98. The lowest was 7.65. And the median was 12.33.
FLGT's Days Inventory is ranked better than 95.85% of 193
companies
in the Medical Diagnostics & Research industry
Industry Median: 65.4
vs FLGT: 9.97
Fulgent Genetics's Days Inventory
increased
from Dec. 2022 (9.83) to Dec. 2023 (10.79).
It might indicate that Fulgent Genetics's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Fulgent Genetics's Inventory Turnover for the
three
months ended in Dec. 2023 was 8.46.
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.
Fulgent Genetics's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.08.
Fulgent Genetics Days Inventory Historical Data
The historical data trend for Fulgent Genetics'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.
* Premium members only.
Fulgent Genetics Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
7.65
34.07
24.30
11.94
9.98
Fulgent Genetics Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
9.83
8.67
9.89
10.59
10.79
Competitive Comparison
For the Diagnostics & Research subindustry, Fulgent Genetics'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.
Fulgent Genetics Days Inventory Distribution
For the Medical Diagnostics & Research industry and Healthcare sector, Fulgent Genetics's Days Inventory distribution charts can be found below:
* The bar in red indicates where Fulgent Genetics's Days Inventory falls into.
Fulgent Genetics Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Fulgent Genetics'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.
Fulgent Genetics (NAS:FLGT) 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.
Fulgent Genetics'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.
Fulgent Genetics'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.
Fulgent Genetics Days Inventory Related Terms
Thank you for viewing the detailed overview of Fulgent Genetics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Fulgent Genetics (Fulgent Genetics) Business Description
Fulgent Genetics Inc is a technology company that focuses on genetic testing to provide physicians with clinically actionable diagnostic information. Genetic testing offers the possibility of early identification of a disease or a genetic predisposition to disease and enhanced disease treatment and prognosis. Fulgent's product portfolio includes Genes & Panels, Known Mutation, Genomic Testing, Hereditary Cancer, Carrier Screening, Tumor Profiling, and Sequencing Service. Its customers are categorized as Insurance; Institutional, which includes hospitals, medical institutions, laboratories, governmental bodies, municipalities, and large corporations; and Patients. The geographical segments are the United States, which generates the vast majority of the revenue; and Foreign.
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