Biovet JSC (LTS:0III) Days Inventory: 107.12 (As of Dec. 2016) — 27% Above Median


What is Biovet JSC Days Inventory?

Biovet JSC LTS:0III Days Inventory is 107.12 as of Dec. 2016, which is 27% above its 10-year median of 84.63. The stock has 1 warning sign investors should review.

Days Inventory is also known as Days Sales of Inventory (DSI). Biovet JSC's Average Total Inventories for the three months ended in Dec. 2016 was лв68.72 Mil. Biovet JSC's Cost of Goods Sold for the three months ended in Dec. 2016 was лв58.54 Mil. Hence, Biovet JSC's Days Inventory for the three months ended in Dec. 2016 was 107.12.

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

LTS:0III' s Days Inventory Range Over the Past 10 Years
Min: 56.45   Med: 84.63   Max: 118.9
Current: 104.31

During the past 8 years, Biovet JSC's highest Days Inventory was 118.90. The lowest was 56.45. And the median was 84.63.

LTS:0III's Days Inventory is not ranked
in the Drug Manufacturers industry.
Industry Median: 164.48 vs LTS:0III: 104.31

Biovet JSC's Days Inventory increased from Dec. 2015 (89.96) to Dec. 2016 (107.12). It might indicate that Biovet JSC's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Biovet JSC's Inventory Turnover for the three months ended in Dec. 2016 was 0.85.

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. Biovet JSC's Inventory-to-Revenue for the three months ended in Dec. 2016 was 1.01.


Biovet JSC  (LTS:0III) 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.

Biovet JSC's Inventory Turnover for the three months ended in Dec. 2016 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.

Biovet JSC's Inventory to Revenue for the three months ended in Dec. 2016 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.


Biovet JSC Days Inventory Related Terms


Biovet JSC Days Inventory Historical Data

* Premium members only.

The historical data trend for Biovet JSC'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.

Biovet JSC Days Inventory Chart

Biovet JSC Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Days Inventory
Get a 7-Day Free Trial 71.64 98.34 97.62 99.89 118.90

Biovet JSC Quarterly Data
Dec09 Dec10 Dec11 Dec12 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 89.96 93.81 89.24 112.42 107.12

LTS:0III vs ADMP, AGRX, BUDZ: Days Inventory Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Biovet JSC'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.


Biovet JSC Days Inventory vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Biovet JSC's Days Inventory distribution charts can be found below:

* The bar in red indicates where Biovet JSC's Days Inventory falls into.



Biovet JSC Days Inventory Calculation

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

Biovet JSC's Days Inventory for the fiscal year that ended in Dec. 2016 is calculated as

Days Inventory (A: Dec. 2016 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2015 ) + Total Inventories (A: Dec. 2016 )) / count ) / Cost of Goods Sold (A: Dec. 2016 )*Days in Period
=( (54.132 + 77.723) / 2 ) / 202.384*365
=65.9275 / 202.384*365
=118.90

Biovet JSC's Days Inventory for the quarter that ended in Dec. 2016 is calculated as:

Days Inventory (Q: Dec. 2016 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2016 ) + Total Inventories (Q: Dec. 2016 )) / count ) / Cost of Goods Sold (Q: Dec. 2016 )*Days in Period
=( (59.723 + 77.723) / 2 ) / 58.543*365 / 4
=68.723 / 58.543*365 / 4
=107.12

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 107.12 mean?
Biovet JSC (LTS:0III) has a Days Inventory of 107.12 as of Dec. 2016. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Biovet JSC and its competitors. This is 27% above median its historical median of 84.63. Over the past decade, Biovet JSC's Days Inventory has ranged from 56.45 to 118.90.
Is Biovet JSC's Days Inventory too high?
Biovet JSC's current Days Inventory of 107.12 is 27% above median its 10-year median of 84.63. Over the past 10 years, this metric has ranged from a low of 56.45 to a high of 118.90. The Drug Manufacturers industry median Days Inventory is 164.48. Biovet JSC's value of 107.12 is 34.9% below this industry median.
How does Biovet JSC's Days Inventory compare to ADMP and AGRX?
Biovet JSC's Days Inventory of 107.12 can be compared against companies in the Drug Manufacturers industry. The industry median Days Inventory is 164.48. Biovet JSC's value of 107.12 is 34.9% below this benchmark. Historically, Biovet JSC's own Days Inventory has ranged from 56.45 to 118.90 over the past decade. While the company's 10-year median is 84.63 vs. the industry median of 164.48, Biovet JSC has consistently been below the industry average. 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 Drug Manufacturers company?
The median Days Inventory among Drug Manufacturers companies is 164.48, based on 919 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. Biovet JSC's current Days Inventory of 107.12 is 34.9% below 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 Biovet JSC and its competitors. For the Drug Manufacturers industry, the median Days Inventory is 164.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Biovet JSC's current Days Inventory is 107.12, which is 27% above median its own 10-year median of 84.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Biovet JSC stock overvalued right now?
Biovet JSC (LTS:0III) has a current Days Inventory of 107.12. The current Days Inventory is 107.12, which is 27% above median its 10-year median of 84.63 and 34.9% below the Drug Manufacturers industry median of 164.48. 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 Biovet JSC (LTS:0III), the current Days Inventory is 107.12 as of Dec. 2016. 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.

Biovet JSC Business Description

Biovet JSC manufactures & markets medicated and nutritional feed additives, enzymes, bulk active substances & pharmaceuticals for animal productivity & health. It offers intermediates, active ingredients and medicines for human pharmaceutical industry.