The historical rank and industry rank for OptiBiotix Health's Days Inventory or its related term are showing as below:
FRA:OB3'
s Days Inventory Range Over the Past 10 Years
Min: 43.94 Med: 88.78 Max: 259.34
Current: 256.9
During the past 13 years, OptiBiotix Health's highest Days Inventory was 259.34. The lowest was 43.94. And the median was 88.78.
FRA:OB3's Days Inventory is ranked worse than 61.43% of 643
companies
in the Biotechnology industry
Industry Median: 188.02
vs FRA:OB3: 256.90
OptiBiotix Health's Days Inventory
increased
from Jun. 2023 (167.90) to Jun. 2024 (244.74).
It might indicate that OptiBiotix Health'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.
OptiBiotix Health's Inventory Turnover for the
six
months ended in Jun. 2024 was 0.75.
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.
OptiBiotix Health's Inventory-to-Revenue for the
six
months ended in Jun. 2024 was 0.80.
OptiBiotix Health Days Inventory Historical Data
The historical data trend for OptiBiotix Health'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 OptiBiotix Health's Days Inventory
For the Biotechnology subindustry, OptiBiotix Health'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.
OptiBiotix Health's Days Inventory Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, OptiBiotix Health's Days Inventory distribution charts can be found below:
* The bar in red indicates where OptiBiotix Health's Days Inventory falls into.
OptiBiotix Health Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
OptiBiotix Health'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.
OptiBiotix Health (FRA:OB3) 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.
OptiBiotix Health's Inventory Turnover for the
six
months ended in Jun. 2024 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.
OptiBiotix Health's Inventory to Revenue for the
six
months ended in Jun. 2024 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.
OptiBiotix Health Days Inventory Related Terms
Thank you for viewing the detailed overview of OptiBiotix Health's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
OptiBiotix Health PLC is engaged in the field of healthcare. As a life science company, its prime focus lies in researching the area of biotechnology. Its activities include the identification of microbial strains, compounds, and formulations for use in food ingredients, supplements, and active compounds that can impact human physiology, deriving potential health benefits. The company derives majority of the revenue from the sale of Functional Fibres. The company markets its products in the United Kingdom under trademark names such as OptiBiotix, SweetBiotix, and SkinBioTherapeutics.
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