Biome Australia (ASX:BIO) Days Inventory : 194.63 (As of Dec. 2023)

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What is Biome Australia Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Biome Australia's Average Total Inventories for the six months ended in Dec. 2023 was A$2.55 Mil. Biome Australia's Cost of Goods Sold for the six months ended in Dec. 2023 was A$2.39 Mil. Hence, Biome Australia's Days Inventory for the six months ended in Dec. 2023 was 194.63.

The historical rank and industry rank for Biome Australia's Days Inventory or its related term are showing as below:

ASX:BIO' s Days Inventory Range Over the Past 10 Years
Min: 218.88 Med: 269.95 Max: 273.49
Current: 218.88

During the past 3 years, Biome Australia's highest Days Inventory was 273.49. The lowest was 218.88. And the median was 269.95.

ASX:BIO's Days Inventory is ranked worse than
87.93% of 1790 companies
in the Consumer Packaged Goods industry
Industry Median: 83.705 vs ASX:BIO: 218.88

Biome Australia's Days Inventory declined from Dec. 2022 (218.99) to Dec. 2023 (194.63).

Warning Sign:

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Biome Australia's Inventory Turnover for the six months ended in Dec. 2023 was 0.94.

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. Biome Australia's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.42.

Biome Australia Days Inventory Historical Data

The historical data trend for Biome Australia'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.

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Biome Australia Days Inventory Chart

Biome Australia Annual Data

Trend

Jun21

Jun22

Jun23

Days Inventory

273.49

266.41

Biome Australia Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	234.71	213.82	218.99	293.07	194.63

Competitive Comparison of Biome Australia's Days Inventory

For the Packaged Foods subindustry, Biome Australia'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.

Biome Australia's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Biome Australia's Days Inventory distribution charts can be found below:

* The bar in red indicates where Biome Australia's Days Inventory falls into.

Biome Australia Days Inventory Calculation

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

Biome Australia's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.3	+	3.021)	/	2 )	/	2.96	*	365
=	2.1605					/	2.96	*	365
=	266.41

Biome Australia'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.021	+	2.081)	/	2 )	/	2.392	*	365 / 2
=	2.551					/	2.392	*	365 / 2
=	194.63

Biome Australia (ASX:BIO) 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.

Biome Australia's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.392	/	2.551
	=	0.94

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.

Biome Australia's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.551	/	6.015
	=	0.42

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.

Biome Australia Days Inventory Related Terms

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

Biome Australia (ASX:BIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Biome Australia Ltd (ASX:BIO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

192-194 Johnston Street, Collingwood, VIC, AUS, 3066

Website

https://www.biomeaustralia.com

Biome Australia Ltd licences, develops, and markets evidence-based, complementary medicines, including nutraceuticals food-based vitamins and weight management products and live biotherapeutics. The firm owns brands namely; Activated Nutrients: a range of completely organic, plant-based, all-in-one nutritional products; Activated Probiotics: a first-of-its-kind range of clinically-backed precision probiotics; and AXP, a certified range of performance products for athletes. Domestically it caters to Australia and In international markets, the Group distributes and markets its Activated Probiotics range in the United Kingdom and New Zealand through independent health practitioners. Key revenue is derived from domestic sales.