Acino Holding AG (LTS:0QM8) Days Inventory : 247.66 (As of Dec. 2013)

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What is Acino Holding AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Acino Holding AG's Average Total Inventories for the six months ended in Dec. 2013 was CHF71.94 Mil. Acino Holding AG's Cost of Goods Sold for the six months ended in Dec. 2013 was CHF106.02 Mil. Hence, Acino Holding AG's Days Inventory for the six months ended in Dec. 2013 was 123.83.

The historical rank and industry rank for Acino Holding AG's Days Inventory or its related term are showing as below:

LTS:0QM8's Days Inventory is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 156.02
* Ranked among companies with meaningful Days Inventory only.

Acino Holding AG's Days Inventory increased from Dec. 2011 (178.61) to Dec. 2013 (247.66). It might indicate that Acino Holding AG's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Acino Holding AG's Inventory Turnover for the six months ended in Dec. 2013 was 1.47.

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. Acino Holding AG's Inventory-to-Revenue for the six months ended in Dec. 2013 was 0.22.

Acino Holding AG Days Inventory Historical Data

The historical data trend for Acino Holding AG'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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Acino Holding AG Days Inventory Chart

Acino Holding AG Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Days Inventory

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159.68

151.49

178.61

169.84

247.66

Acino Holding AG Semi-Annual Data
	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Days Inventory	Get a 7-Day Free Trial						159.68	151.49	178.61	169.84	247.66

Competitive Comparison of Acino Holding AG's Days Inventory

For the Drug Manufacturers - General subindustry, Acino Holding AG'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.

Acino Holding AG's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Acino Holding AG's Days Inventory falls into.

Acino Holding AG Days Inventory Calculation

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

Acino Holding AG's Days Inventory for the fiscal year that ended in Dec. 2013 is calculated as

	Days Inventory (A: Dec. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2012 )	+	Total Inventories (A: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2013 )	*	Days in Period
=	( (74.839	+	69.035)	/	2 )	/	106.021	*	365
=	71.937					/	106.021	*	365
=	247.66

Acino Holding AG's Days Inventory for the quarter that ended in Dec. 2013 is calculated as:

	Days Inventory (Q: Dec. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2012 )	+	Total Inventories (Q: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
=	( (74.839	+	69.035)	/	2 )	/	106.021	*	365 / 2
=	71.937					/	106.021	*	365 / 2
=	123.83

Acino Holding AG (LTS:0QM8) 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.

Acino Holding AG's Inventory Turnover for the six months ended in Dec. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	106.021	/	71.937
	=	1.47

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.

Acino Holding AG's Inventory to Revenue for the six months ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	71.937	/	321.15
	=	0.22

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.

Acino Holding AG Days Inventory Related Terms

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Acino Holding AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Acino Holding AG (LTS:0QM8) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Website

http://www.acino-pharma.com

Acino Holding AG is a Switzerland-based company engaged in the pharmaceutical industry. The Company develops, manufactures, and markets pharmaceuticals in novel drug delivery forms internationally. It is divided into four segments Business to Consumer (BtC); Business to Business (BtB); Technology marketing (TM); and Production (Prod). The BtC segment comprises all direct marketing activities. Under the company's "Acino Switzerland" brand and, with the promise of Swiss quality, the company sells its products in emerging markets around the globe. This reporting segment includes the business purchased from Mepha/Cephalon in the Middle East, Africa, Latin America and Asia. The BtB segment comprises Acino's business with its internally developed products, for which the company also owns the intellectual property rights. Acino develops and produces high-quality medicines with proven active ingredients and modern drug delivery systems and grants licenses for them to leading pharmaceutical and generic pharmaceutical companies worldwide. The technology marketing segment comprises a broad spectrum of fully integrated contract services, including procurement, contract development, production and packaging for companies in the life sciences industry. On behalf of these customers, Acino develops a comprehensive product pipeline on the basis of its special technological know-how. This includes both new types of medicines as well as projects with innovative drug delivery systems for established active ingredients. The production segment is responsible for the manufacturing of products and the supplying of the other three segments, and generates turnover through the reimbursement of its services. The manufacturing costs of products are credited to the production segment at standard prices along with remuneration in the form of a mark-up for materials and production costs.

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