Diasorin SpA (MIL:DIA) Days Inventory : 269.00 (As of Dec. 2023)

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What is Diasorin SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Diasorin SpA's Average Total Inventories for the three months ended in Dec. 2023 was €316 Mil. Diasorin SpA's Cost of Goods Sold for the three months ended in Dec. 2023 was €107 Mil. Hence, Diasorin SpA's Days Inventory for the three months ended in Dec. 2023 was 269.00.

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

MIL:DIA' s Days Inventory Range Over the Past 10 Years
Min: 216.27 Med: 240.18 Max: 278.89
Current: 278.34

During the past 13 years, Diasorin SpA's highest Days Inventory was 278.89. The lowest was 216.27. And the median was 240.18.

MIL:DIA's Days Inventory is ranked worse than
90.58% of 191 companies
in the Medical Diagnostics & Research industry
Industry Median: 65.4 vs MIL:DIA: 278.34

Diasorin SpA's Days Inventory increased from Dec. 2022 (234.00) to Dec. 2023 (269.00). It might indicate that Diasorin SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Diasorin SpA's Inventory Turnover for the three months ended in Dec. 2023 was 0.34.

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. Diasorin SpA's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.04.

Diasorin SpA Days Inventory Historical Data

The historical data trend for Diasorin SpA'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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Diasorin SpA Days Inventory Chart

Diasorin SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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278.01

237.54

216.27

239.58

278.89

Diasorin SpA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															234.00	286.27	-	-	269.00

Competitive Comparison of Diasorin SpA's Days Inventory

For the Diagnostics & Research subindustry, Diasorin SpA'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.

Diasorin SpA's Days Inventory Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Diasorin SpA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Diasorin SpA's Days Inventory falls into.

Diasorin SpA Days Inventory Calculation

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

Diasorin SpA's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (306.504	+	315.5)	/	2 )	/	407.024	*	365
=	311.002					/	407.024	*	365
=	278.89

Diasorin SpA's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	315.5)	/	1 )	/	107.024	*	365 / 4
=	315.5					/	107.024	*	365 / 4
=	269.00

Diasorin SpA (MIL:DIA) 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.

Diasorin SpA's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	107.024	/	315.5
	=	0.34

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.

Diasorin SpA's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	315.5	/	302.21
	=	1.04

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.

Diasorin SpA Days Inventory Related Terms

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

Diasorin SpA (MIL:DIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Diasorin SpA (MIL:DIA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

DSRLF:USA 0GZX:UK 34D:Germany

Address

Via Crescentino Snc, Saluggia, Vercelli, ITA, 13040

Website

https://www.diasoringroup.com

Diasorin SpA is a biotechnology company engaged in developing, producing, and marketing reagent kits for laboratory diagnostics around the world. The business has focused on the immunodiagnostic market, molecular diagnostics, and Life Science sector. The company has a presence in Italy, Europe, North America, and the Rest of the world, where the majority of its revenue is from North America followed by Italy.