Days Inventory is also known as Days Sales of Inventory (DSI). Zai Lab's Average Total Inventories for the
three
months ended in Dec. 2023 was $44.5 Mil. Zai Lab's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $25.2 Mil.
Hence, Zai Lab's Days Inventory for the
three
months ended in Dec. 2023 was 161.00.
The historical rank and industry rank for Zai Lab's Days Inventory or its related term are showing as below:
ZLAB'
s Days Inventory Range Over the Past 10 Years
Min: 33.95 Med: 135.15 Max: 292.52
Current: 148.9
During the past 9 years, Zai Lab's highest Days Inventory was 292.52. The lowest was 33.95. And the median was 135.15.
ZLAB's Days Inventory is ranked better than 60.09% of 649
companies
in the Biotechnology industry
Industry Median: 191.36
vs ZLAB: 148.90
Zai Lab's Days Inventory
increased
from Dec. 2022 (132.47) to Dec. 2023 (161.00).
It might indicate that Zai Lab's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Zai Lab's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.57.
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.
Zai Lab's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.68.
Zai Lab Days Inventory Historical Data
The historical data trend for Zai Lab'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.
Zai Lab Annual Data
Trend
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
292.52
208.81
112.13
124.69
145.61
Zai Lab Quarterly Data
Dec18
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
132.47
149.74
143.54
144.30
161.00
Competitive Comparison
For the Biotechnology subindustry, Zai Lab'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.
Zai Lab Days Inventory Distribution
For the Biotechnology industry and Healthcare sector, Zai Lab's Days Inventory distribution charts can be found below:
* The bar in red indicates where Zai Lab's Days Inventory falls into.
Zai Lab Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Zai Lab'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.
Zai Lab (NAS:ZLAB) 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.
Zai Lab'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.
Zai Lab'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.
Zai Lab Days Inventory Related Terms
Thank you for viewing the detailed overview of Zai Lab's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Zai Lab Ltd is a biopharmaceutical company focusing on discovering or licensing, developing, and commercializing proprietary therapeutics that address areas of unmet medical need including in the fields of oncology, autoimmune and infectious diseases. The pipeline of proprietary drug candidates of the company includes ZL-2306 for treatment across multiple solid tumor types including ovarian and certain types of breast and lung cancers; ZL-2401 which is an antibiotic in a new class of tetracycline derivatives; and ZL-2301 is an oral, small molecule which targets HCC.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ZLAB has been successfully added to your 