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Hemagen Diagnostics (Hemagen Diagnostics) Days Inventory : 262.78 (As of Sep. 2012)


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What is Hemagen Diagnostics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hemagen Diagnostics's Average Total Inventories for the three months ended in Sep. 2012 was $1.37 Mil. Hemagen Diagnostics's Cost of Goods Sold for the three months ended in Sep. 2012 was $0.47 Mil. Hence, Hemagen Diagnostics's Days Inventory for the three months ended in Sep. 2012 was 262.78.

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

HMGN's Days Inventory is not ranked *
in the Biotechnology industry.
Industry Median: 193.86
* Ranked among companies with meaningful Days Inventory only.

Hemagen Diagnostics's Days Inventory increased from Sep. 2011 (197.84) to Sep. 2012 (262.78). It might indicate that Hemagen Diagnostics's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hemagen Diagnostics's Inventory Turnover for the three months ended in Sep. 2012 was 0.35.

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. Hemagen Diagnostics's Inventory-to-Revenue for the three months ended in Sep. 2012 was 1.56.


Hemagen Diagnostics Days Inventory Historical Data

The historical data trend for Hemagen Diagnostics'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.

* Premium members only.

Hemagen Diagnostics Days Inventory Chart

Hemagen Diagnostics Annual Data
Trend Sep03 Sep04 Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 232.60 203.93 196.84 163.39 212.18

Hemagen Diagnostics Quarterly Data
Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 197.84 197.43 176.14 251.91 262.78

Competitive Comparison of Hemagen Diagnostics's Days Inventory

For the Biotechnology subindustry, Hemagen Diagnostics'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.


Hemagen Diagnostics's Days Inventory Distribution in the Biotechnology Industry

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

* The bar in red indicates where Hemagen Diagnostics's Days Inventory falls into.



Hemagen Diagnostics Days Inventory Calculation

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

Hemagen Diagnostics's Days Inventory for the fiscal year that ended in Sep. 2012 is calculated as

Days Inventory (A: Sep. 2012 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Sep. 2011 ) + Total Inventories (A: Sep. 2012 )) / count ) / Cost of Goods Sold (A: Sep. 2012 )*Days in Period
=( (1.461 + 1.363) / 2 ) / 2.429*365
=1.412 / 2.429*365
=212.18

Hemagen Diagnostics's Days Inventory for the quarter that ended in Sep. 2012 is calculated as:

Days Inventory (Q: Sep. 2012 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2012 ) + Total Inventories (Q: Sep. 2012 )) / count ) / Cost of Goods Sold (Q: Sep. 2012 )*Days in Period
=( (1.367 + 1.363) / 2 ) / 0.474*365 / 4
=1.365 / 0.474*365 / 4
=262.78

* 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.


Hemagen Diagnostics  (OTCPK:HMGN) 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.

Hemagen Diagnostics's Inventory Turnover for the three months ended in Sep. 2012 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.

Hemagen Diagnostics's Inventory to Revenue for the three months ended in Sep. 2012 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.


Hemagen Diagnostics Days Inventory Related Terms

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


Hemagen Diagnostics (Hemagen Diagnostics) Business Description

Traded in Other Exchanges
N/A
Address
9033 Red Branch Road, Columbia, MD, USA, 21045
Hemagen Diagnostics Inc is a biotechnology company. It develops, manufactures and markets Food and Drug Administration cleared proprietary medical diagnostic test kits and components. The company's Virgo line of Immunoassays are used to aid in the diagnosis of autoimmune and infectious diseases and acute-phase proteins. The assays utilize multiple technologies including ELISA, immunofluorescence (IFA) and hemagglutination (HA). Its products include ANA Screen ELISA 96 Test System, Rubella IgG ELISA 96 Test System, AMA IFA 48 Test System and others.
Executives
Howard F Curd director

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