AFT Pharmaceuticals (NZSE:AFT) Days Inventory : 185.73 (As of Sep. 2023)

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What is AFT Pharmaceuticals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AFT Pharmaceuticals's Average Total Inventories for the six months ended in Sep. 2023 was NZ$48.5 Mil. AFT Pharmaceuticals's Cost of Goods Sold for the six months ended in Sep. 2023 was NZ$47.7 Mil. Hence, AFT Pharmaceuticals's Days Inventory for the six months ended in Sep. 2023 was 185.73.

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

NZSE:AFT' s Days Inventory Range Over the Past 10 Years
Min: 152.45 Med: 162.73 Max: 203.76
Current: 176.5

During the past 8 years, AFT Pharmaceuticals's highest Days Inventory was 203.76. The lowest was 152.45. And the median was 162.73.

NZSE:AFT's Days Inventory is ranked worse than
57.86% of 973 companies
in the Drug Manufacturers industry
Industry Median: 157.54 vs NZSE:AFT: 176.50

AFT Pharmaceuticals's Days Inventory increased from Sep. 2022 (180.20) to Sep. 2023 (185.73). It might indicate that AFT Pharmaceuticals's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. AFT Pharmaceuticals's Inventory Turnover for the six months ended in Sep. 2023 was 0.98.

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. AFT Pharmaceuticals's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.58.

AFT Pharmaceuticals Days Inventory Historical Data

The historical data trend for AFT Pharmaceuticals'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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AFT Pharmaceuticals Days Inventory Chart

AFT Pharmaceuticals Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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203.76

152.45

159.88

178.81

165.57

AFT Pharmaceuticals Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial											214.70	155.32	180.20	160.82	185.73

Competitive Comparison of AFT Pharmaceuticals's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, AFT Pharmaceuticals'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.

AFT Pharmaceuticals's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where AFT Pharmaceuticals's Days Inventory falls into.

AFT Pharmaceuticals Days Inventory Calculation

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

AFT Pharmaceuticals's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (33.5	+	42.397)	/	2 )	/	83.658	*	365
=	37.9485					/	83.658	*	365
=	165.57

AFT Pharmaceuticals's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (42.397	+	54.648)	/	2 )	/	47.678	*	365 / 2
=	48.5225					/	47.678	*	365 / 2
=	185.73

AFT Pharmaceuticals (NZSE:AFT) 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.

AFT Pharmaceuticals's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	47.678	/	48.5225
	=	0.98

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.

AFT Pharmaceuticals's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	48.5225	/	82.989
	=	0.58

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.

AFT Pharmaceuticals Days Inventory Related Terms

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

AFT Pharmaceuticals (NZSE:AFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » AFT Pharmaceuticals Ltd (NZSE:AFT) » Definitions » Days Inventory

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Traded in Other Exchanges

AFP:Australia

Address

129 Hurstmere Road, Level 1, Takapuna, Auckland, NTL, NZL, 0622

Website

https://www.aftpharm.com

AFT Pharmaceuticals Ltd is a pharmaceutical distributor and developer of pharmaceutical intellectual property. Some of the products of the organization are Aqueous cream, Calci-tab, Maxigesic, Cromo-fresh, Crystaderm, Crytawash, Ellgy plus, Emulsifying ointment, and others. The group has four operating segments based on geographical location being, Australia, New Zealand, Asia, and the Rest of the world. It generates the majority of the revenue from Australia which includes the sales and distribution activity relating to the Australian market.