Probiotix Health (FRA:X90) Days Inventory : 37.86 (As of Jun. 2023)

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What is Probiotix Health Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Probiotix Health's Average Total Inventories for the six months ended in Jun. 2023 was €0.07 Mil. Probiotix Health's Cost of Goods Sold for the six months ended in Jun. 2023 was €0.34 Mil. Hence, Probiotix Health's Days Inventory for the six months ended in Jun. 2023 was 37.86.

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

FRA:X90' s Days Inventory Range Over the Past 10 Years
Min: 0 Med: 0 Max: 53.23
Current: 53.23

During the past 4 years, Probiotix Health's highest Days Inventory was 53.23. The lowest was 0.00. And the median was 0.00.

FRA:X90's Days Inventory is ranked better than
86.68% of 653 companies
in the Biotechnology industry
Industry Median: 192.54 vs FRA:X90: 53.23

Probiotix Health's Days Inventory increased from Jun. 2022 (7.38) to Jun. 2023 (37.86). It might indicate that Probiotix Health's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Probiotix Health's Inventory Turnover for the six months ended in Jun. 2023 was 4.82.

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. Probiotix Health's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.11.

Probiotix Health Days Inventory Historical Data

The historical data trend for Probiotix 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.

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Probiotix Health Days Inventory Chart

Probiotix Health Annual Data

Trend

Dec18

Dec19

Dec20

Dec22

Days Inventory

Probiotix Health Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial			-	-	7.38	-	37.86

Competitive Comparison of Probiotix Health's Days Inventory

For the Biotechnology subindustry, Probiotix 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.

Probiotix Health's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Probiotix Health's Days Inventory distribution charts can be found below:

* The bar in red indicates where Probiotix Health's Days Inventory falls into.

Probiotix Health Days Inventory Calculation

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

Probiotix Health's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	0.049)	/	1 )	/	0	*	365
=	0.049					/	0	*	365
=	N/A

Probiotix Health's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.049	+	0.09)	/	2 )	/	0.335	*	365 / 2
=	0.0695					/	0.335	*	365 / 2
=	37.86

Probiotix Health (FRA:X90) 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.

Probiotix Health's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.335	/	0.0695
	=	4.82

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.

Probiotix Health's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0695	/	0.643
	=	0.11

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.

Probiotix Health Days Inventory Related Terms

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

Probiotix Health (FRA:X90) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Probiotix Health PLC (FRA:X90) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

PBX:UK X90:Germany

Address

Nostell Business Estate, First Floor Zucchi Suite, Wakefield, GBR, WF4 1AB

Website

https://www.probiotixhealth-ir.com

Probiotix Health PLC develops probiotics to tackle cardiovascular disease and other lifestyle conditions which are affecting growing numbers of people across the world. The Company has one class of business, in three geographical areas being that of identifying and developing microbial strains, compounds and formulations for use in the nutraceutical industry.

Probiotix Health (FRA:X90) Headlines

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