BIIO (Bionovate Technologies) Days Inventory: 0.00 (As of Sep. 2021)

What is Bionovate Technologies Days Inventory?

Bionovate Technologies BIIO Days Inventory is 0.00 as of Sep. 2021.

Days Inventory is also known as Days Sales of Inventory (DSI). Bionovate Technologies's Average Total Inventories for the three months ended in Sep. 2021 was $0.00 Mil. Bionovate Technologies's Cost of Goods Sold for the three months ended in Sep. 2021 was $0.00 Mil.

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

BIIO's Days Inventory is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 179.6
* Ranked among companies with meaningful Days Inventory only.

Bionovate Technologies's Days Inventory stayed the same from Sep. 2020 (0.00) to Sep. 2021 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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.

Bionovate Technologies (OTCPK:BIIO) 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.

Bionovate Technologies's Inventory Turnover for the three months ended in Sep. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	0
	=

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.

Bionovate Technologies's Inventory to Revenue for the three months ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0
	=

* 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.

Bionovate Technologies Days Inventory Related Terms

Bionovate Technologies Days Inventory Historical Data

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The historical data trend for Bionovate Technologies's Days Inventory can be seen below:

Bionovate Technologies Days Inventory Chart

Bionovate Technologies Annual Data

Trend

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Days Inventory

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Bionovate Technologies Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Days Inventory	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

BIIO vs ABT, MDT, SYK: Days Inventory Comparison

For the Medical Devices subindustry, Bionovate Technologies'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.

Bionovate Technologies Days Inventory vs Medical Devices & Instruments Industry

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

* The bar in red indicates where Bionovate Technologies's Days Inventory falls into.

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Bionovate Technologies Days Inventory Calculation

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

Bionovate Technologies's Days Inventory for the fiscal year that ended in Jun. 2021 is calculated as

	Days Inventory (A: Jun. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2020 )	+	Total Inventories (A: Jun. 2021 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2021 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

Bionovate Technologies's Days Inventory for the quarter that ended in Sep. 2021 is calculated as:

	Days Inventory (Q: Sep. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365 / 4
=	0					/	0	*	365 / 4
=	N/A

Frequently Asked Questions Learn more about Days Inventory →

What does a Days Inventory of 0.00 mean?

Bionovate Technologies (BIIO) has a Days Inventory of 0.00 as of Sep. 2021. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Bionovate Technologies and its competitors.

Is Bionovate Technologies' Days Inventory too high?

Bionovate Technologies' current Days Inventory is 0.00.

How does Bionovate Technologies' Days Inventory compare to ABT and MDT?

Bionovate Technologies' Days Inventory of 0.00 can be compared against companies in the Medical Devices & Instruments industry. The industry median Days Inventory is 179.60. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Days Inventory for a Medical Devices & Instruments company?

The median Days Inventory among Medical Devices & Instruments companies is 179.60, based on 786 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Days Inventory mean?

A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Bionovate Technologies and its competitors. For the Medical Devices & Instruments industry, the median Days Inventory is 179.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bionovate Technologies's current Days Inventory is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Bionovate Technologies stock overvalued right now?

Bionovate Technologies (BIIO) has a current Days Inventory of 0.00. The current Days Inventory is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Days Inventory calculated?

Days Inventory is calculated from a company's financial statements. For Bionovate Technologies (BIIO), the current Days Inventory is 0.00 as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Bionovate Technologies Business Description

Industry Healthcare Medical Devices & Instruments

Comparable Companies COL:DFCC.N0000 COL:CDB.N0000 COL:AEL.N0000 COL:OSEA.N0000 COL:DIPD.N0000 COL:SDB.N0000 COL:LMF.N0000 COL:ACL.N0000 COL:LWL.N0000 COL:TKYO.N0000 ABT MDT SYK EW BSX SZSE:300760 DXCM ZBH STE ALGN

Address 950 W Bannock Street, Boise, ID, USA, 83702

Bionovate Technologies Corp operates in the medical devices and diagnostics sector with a focus on mobile technologies.