The historical rank and industry rank for Bionik Laboratories's Days Inventory or its related term are showing as below:
BNKL's Days Inventory is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 30.04 * Ranked among companies with meaningful Days Inventory only.
Bionik Laboratories's Days Inventory
declined
from Mar. 2022 (1,667.67) to Mar. 2023 (402.31).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Bionik Laboratories's Inventory Turnover for the
three
months ended in Mar. 2023 was 0.23.
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.
Bionik Laboratories's Inventory-to-Revenue for the
three
months ended in Mar. 2023 was 2.17.
Bionik Laboratories (OTCPK:BNKL) 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.
Bionik Laboratories's Inventory Turnover for the
three
months ended in Mar. 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.
Bionik Laboratories's Inventory to Revenue for the
three
months ended in Mar. 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.
Bionik Laboratories Days Inventory Related Terms
Bionik Laboratories Days Inventory Historical Data
* Premium members only.
The historical data trend for Bionik Laboratories'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.
BNKL vs ARPC, GRST, IONM: Days Inventory Comparison
For the Medical Care Facilities subindustry, Bionik Laboratories'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.
Bionik Laboratories Days Inventory vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Bionik Laboratories's Days Inventory distribution charts can be found below:
* The bar in red indicates where Bionik Laboratories's Days Inventory falls into.
* 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.
Bionik Laboratories (BNKL) has a Days Inventory of 402.31 as of Mar. 2023. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Bionik Laboratories and its competitors.
Is Bionik Laboratories' Days Inventory too high?
Bionik Laboratories' current Days Inventory is 402.31. The Healthcare Providers & Services industry median Days Inventory is 30.04. Bionik Laboratories' value of 402.31 is 1239.2% above this industry median. Overall, Bionik Laboratories has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Bionik Laboratories' Days Inventory compare to ARPC and GRST?
Bionik Laboratories' Days Inventory of 402.31 can be compared against companies in the Healthcare Providers & Services industry. The industry median Days Inventory is 30.04. Bionik Laboratories' value of 402.31 is 1239.2% above this benchmark. 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 Healthcare Providers & Services company?
The median Days Inventory among Healthcare Providers & Services companies is 30.04, based on 493 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. Bionik Laboratories's current Days Inventory of 402.31 is 1239.2% above the industry median. 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 Bionik Laboratories and its competitors. For the Healthcare Providers & Services industry, the median Days Inventory is 30.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bionik Laboratories's current Days Inventory is 402.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bionik Laboratories stock overvalued right now?
Bionik Laboratories (BNKL) has a current Days Inventory of 402.31. The current Days Inventory is 402.31 and 1239.2% above the Healthcare Providers & Services industry median of 30.04. Bionik Laboratories' overall GF Score™ is 12/100. 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 Bionik Laboratories (BNKL), the current Days Inventory is 402.31 as of Mar. 2023. 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.
Bionik Laboratories Corp is a healthcare company focused on improving the quality of life of millions of people with neurological or mobility impairments by combining artificial intelligence and robotics technology to help individuals from hospital to home regain mobility, enhance autonomy, and regain self-esteem. The company uses artificial intelligence and machine learning technologies to make rehabilitation methods and processes smarter and more intuitive to deliver a greater recovery for patients with neurological or mobility impairments. Its products The InMotion ARM, and InMotion ARM/HAND are robotic therapies for the upper limbs.
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