LBT Innovations (ASX:LBT) Days Inventory : 39,172.32 (As of Dec. 2023)

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What is LBT Innovations Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). LBT Innovations's Average Total Inventories for the six months ended in Dec. 2023 was A$1.50 Mil. LBT Innovations's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.01 Mil. Hence, LBT Innovations's Days Inventory for the six months ended in Dec. 2023 was 39,172.32.

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

ASX:LBT' s Days Inventory Range Over the Past 10 Years
Min: 446.47 Med: 752.53 Max: 4697.49
Current: 4697.49

During the past 13 years, LBT Innovations's highest Days Inventory was 4697.49. The lowest was 446.47. And the median was 752.53.

ASX:LBT's Days Inventory is ranked worse than
99.48% of 771 companies
in the Medical Devices & Instruments industry
Industry Median: 193.31 vs ASX:LBT: 4697.49

LBT Innovations's Days Inventory increased from Dec. 2022 (564.75) to Dec. 2023 (39,172.32). It might indicate that LBT Innovations's sales slowed down.

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. LBT Innovations's Inventory Turnover for the six months ended in Dec. 2023 was 0.00.

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. LBT Innovations's Inventory-to-Revenue for the six months ended in Dec. 2023 was 2.11.

LBT Innovations Days Inventory Historical Data

The historical data trend for LBT Innovations'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.

LBT Innovations Days Inventory Chart

LBT Innovations Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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446.47

1,058.59

LBT Innovations Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	257.37	564.75	2,364.12	39,172.32

Competitive Comparison of LBT Innovations's Days Inventory

For the Medical Devices subindustry, LBT Innovations'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.

LBT Innovations's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, LBT Innovations's Days Inventory distribution charts can be found below:

* The bar in red indicates where LBT Innovations's Days Inventory falls into.

LBT Innovations Days Inventory Calculation

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

LBT Innovations'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
=	( (0.981	+	1.49)	/	2 )	/	0.426	*	365
=	1.2355					/	0.426	*	365
=	1,058.59

LBT Innovations'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
=	( (1.49	+	1.515)	/	2 )	/	0.007	*	365 / 2
=	1.5025					/	0.007	*	365 / 2
=	39,172.32

LBT Innovations (ASX:LBT) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.007	/	1.5025
	=	0.00

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.5025	/	0.711
	=	2.11

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.

LBT Innovations Days Inventory Related Terms

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

LBT Innovations (ASX:LBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » LBT Innovations Ltd (ASX:LBT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Anster Street, Adelaide, SA, AUS, 5000

Website

https://www.lbtinnovations.com

LBT Innovations Ltd is a designer of advanced technology solutions for the medical industry. Its first product, MicroStreak, was a global first in the automation of the culture plate streaking process. Its second product, the Automated Plate Assessment System(APAS) is based upon LBT's intelligent imaging and machine learning software and remains the only US FDA-cleared artificial intelligence technology for automated imaging, analysis, and interpretation of microbiology culture plates following incubation.

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