23andMe Holding Co (23andMe Holding Co) Days Inventory

: 56.35 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). 23andMe Holding Co's Average Total Inventories for the three months ended in Dec. 2023 was $15.3 Mil. 23andMe Holding Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $24.8 Mil. Hence, 23andMe Holding Co's Days Inventory for the three months ended in Dec. 2023 was 56.35.

The historical rank and industry rank for 23andMe Holding Co's Days Inventory or its related term are showing as below:

ME' s Days Inventory Range Over the Past 10 Years
Min: 17.94 Med: 22.37 Max: 34.8
Current: 34.8

During the past 4 years, 23andMe Holding Co's highest Days Inventory was 34.80. The lowest was 17.94. And the median was 22.37.

ME's Days Inventory is ranked better than
70.98% of 193 companies
in the Medical Diagnostics & Research industry
Industry Median: 65.4 vs ME: 34.80

23andMe Holding Co's Days Inventory increased from Dec. 2022 (32.48) to Dec. 2023 (56.35). It might indicate that 23andMe Holding Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. 23andMe Holding Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.62.

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. 23andMe Holding Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.34.

23andMe Holding Co Days Inventory Historical Data

The historical data trend for 23andMe Holding Co'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.

23andMe Holding Co Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

17.94

22.37

23.27

23andMe Holding Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory												32.48	19.34	33.35	43.24	56.35

Competitive Comparison

For the Diagnostics & Research subindustry, 23andMe Holding Co'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.

23andMe Holding Co Days Inventory Distribution

For the Medical Diagnostics & Research industry and Healthcare sector, 23andMe Holding Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where 23andMe Holding Co's Days Inventory falls into.

23andMe Holding Co Days Inventory Calculation

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

23andMe Holding Co's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (10.789	+	10.247)	/	2 )	/	164.993	*	365
=	10.518					/	164.993	*	365
=	23.27

23andMe Holding Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (14.979	+	15.666)	/	2 )	/	24.811	*	365 / 4
=	15.3225					/	24.811	*	365 / 4
=	56.35

23andMe Holding Co (NAS:ME) 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.

23andMe Holding Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	24.811	/	15.3225
	=	1.62

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.

23andMe Holding Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15.3225	/	44.747
	=	0.34

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.

23andMe Holding Co Days Inventory Related Terms

Thank you for viewing the detailed overview of 23andMe Holding Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

23andMe Holding Co (23andMe Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » 23andMe Holding Co (NAS:ME) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

349 Oyster Point Boulevard, South San Francisco, CA, USA, 94080

Website

https://www.23andme.com

23andMe Holding Co is a consumer-facing healthcare technology company, primarily involved in the sale of direct-to-consumer personal genome services, or PGS, through DNA collection kits shipped via mail. The company provides users access to reports summarizing estimated genetic ancestry breakdown, phenotypic trait reports, and various health predisposition and disease carrier reports. Its segment include Consumer and Research Services and Therapeutics. The company generates maximum revenue from the Consumer and Research Services segment.

Executives

Kathy L Hibbs	officer: See Remarks	C/O VIROLOGIC, 345 OYSTER POINT BLVD, SOUTH SAN FRANCISCO CA 94080
William G Richards	officer: Head of Therapeutics Discovery	160 KELLY AVE, HALF MOON BAY CA 94019
Richard H Scheller	director	C/O GENENTECH INC, 1 DNA WAY MS 49, SOUTH SAN FRANCISCO CA 94080-4990
Joseph Anthony Selsavage	officer: Interim CFO	490 HILL STREET, APT 5, SAN FRANCISCO CA 94114
Kenneth J. Hillan	officer: Head of Therapeutics	C/O ACHAOGEN, INC., 7000 SHORELINE COURT, SUITE 371, SOUTH SAN FRANCISCO CA 94080
Evan Lovell	director, officer: Chief Financial Officer	27 SOUTH PARK STREET, SUITE 200, SAN FRANCISCO CA 94107
Hernandez Sandra R Md	director	BLACKBAUD INC, 2000 DANIEL ISLAND DRIVE, CHARLESTON SC 29492
Paul D Johnson	officer: VP, General Manager-Consumer	440 N BARRANCA AVE #3550, COVINA CA 91723
Tracy Keim	officer: See Remarks	6107 ARROWROOT LANE, RANCHO PALOS VERDES CA 90275
Steven Lemon	officer: Vice President, Engineering	1020 CHERRY AVENUE, SAN JOSE CA 95125
Steven J Schoch	officer: See Remarks	2748 BUSH STREET, SAN FRANCISCO CA 94115
Frederick Mark Kohler	officer: Vice President, People	1004 UNION STREET, ALAMEDA CA 94501
Sequoia Capital Global Growth Ii Principals Fund, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Abeec 2.0, Llc	10 percent owner	171 MAIN STREET, SUITE 259, LOS ALTOS CA 94022
Anne Wojcicki	director, 10 percent owner, officer: Chief Executive Officer	C/O AJAX I HOLDINGS, LLC, 667 MADISON AVENUE, NEW YORK NY 10606