Days Inventory is also known as Days Sales of Inventory (DSI). Next Science's Average Total Inventories for the
six
months ended in Dec. 2023 was A$1.31 Mil. Next Science's Cost of Goods Sold for the
six
months ended in Dec. 2023 was A$3.98 Mil.
Hence, Next Science's Days Inventory for the
six
months ended in Dec. 2023 was 60.24.
The historical rank and industry rank for Next Science's Days Inventory or its related term are showing as below:
ASX:NXS'
s Days Inventory Range Over the Past 10 Years
Min: 48.67 Med: 228.99 Max: 525.74
Current: 53.71
During the past 6 years, Next Science's highest Days Inventory was 525.74. The lowest was 48.67. And the median was 228.99.
ASX:NXS's Days Inventory is ranked better than 92.36% of 968
companies
in the Drug Manufacturers industry
Industry Median: 158.365
vs ASX:NXS: 53.71
Next Science's Days Inventory
declined
from Dec. 2022 (112.95) to Dec. 2023 (60.24).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Next Science's Inventory Turnover for the
six
months ended in Dec. 2023 was 3.03.
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.
Next Science's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.07.
Next Science Days Inventory Historical Data
The historical data trend for Next Science'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 Next Science's Days Inventory
For the Drug Manufacturers - Specialty & Generic subindustry, Next Science'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.
Next Science's Days Inventory Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Next Science's Days Inventory distribution charts can be found below:
* The bar in red indicates where Next Science's Days Inventory falls into.
Next Science Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Next Science'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.
Next Science (ASX:NXS) 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.
Next Science's Inventory Turnover for the
six
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.
Next Science's Inventory to Revenue for the
six
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.
Next Science Days Inventory Related Terms
Thank you for viewing the detailed overview of Next Science's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Next Science Ltd is a medical technology company. It is engaged in the development and commercialization of its proprietary Xbio technology to reduce the impact of biofilm-based infections in human health. Xbio is a non-toxic technology with proven efficacy in eradicating both biofilm based and free-floating bacteria. Its products include Bactisure, SURGX, XEPERIENCE and BLASTX. The company derives revenue from the U.S. and Australia, of which prime revenue is derived from the U.S.
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