Days Inventory is also known as Days Sales of Inventory (DSI). Macrogenics's Average Total Inventories for the
three
months ended in Dec. 2023 was $1.14 Mil. Macrogenics's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $0.16 Mil.
Hence, Macrogenics's Days Inventory for the
three
months ended in Dec. 2023 was 640.15.
The historical rank and industry rank for Macrogenics's Days Inventory or its related term are showing as below:
MGNX'
s Days Inventory Range Over the Past 10 Years
Min: 58.51 Med: 144.31 Max: 604.16
Current: 58.51
During the past 13 years, Macrogenics's highest Days Inventory was 604.16. The lowest was 58.51. And the median was 144.31.
MGNX's Days Inventory is ranked better than 84.77% of 650
companies
in the Biotechnology industry
Industry Median: 192.335
vs MGNX: 58.51
Macrogenics's Days Inventory
increased
from Dec. 2022 (64.63) to Dec. 2023 (640.15).
It might indicate that Macrogenics's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Macrogenics's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.14.
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.
Macrogenics's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.12.
Macrogenics Days Inventory Historical Data
The historical data trend for Macrogenics'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 Macrogenics's Days Inventory
For the Biotechnology subindustry, Macrogenics'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.
Macrogenics's Days Inventory Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Macrogenics's Days Inventory distribution charts can be found below:
* The bar in red indicates where Macrogenics's Days Inventory falls into.
Macrogenics Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Macrogenics'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.
Macrogenics (NAS:MGNX) 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.
Macrogenics'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.
Macrogenics'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.
Macrogenics Days Inventory Related Terms
Thank you for viewing the detailed overview of Macrogenics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Macrogenics Inc is a biotechnology company focused on discovering and developing antibody-based therapeutics for the treatment of cancer. Its product includes MARGENZA, which is for the treatment of adult patients with metastatic HER2-positive breast cancer. The company's strategy includes leveraging partnerships with a therapeutic focus geared toward developing a broad portfolio of pipeline candidates. The company also targets autoimmune disorders and infectious diseases. The company's intellectual property is characterized by its patent use to protect the composition of its product candidates and the technology used to create them.
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