BLIS Technologies (NZSE:BLT) Days Inventory : 120.13 (As of Sep. 2024)

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What is BLIS Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). BLIS Technologies's Average Total Inventories for the six months ended in Sep. 2024 was NZ$0.77 Mil. BLIS Technologies's Cost of Goods Sold for the six months ended in Sep. 2024 was NZ$1.17 Mil. Hence, BLIS Technologies's Days Inventory for the six months ended in Sep. 2024 was 120.13.

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

NZSE:BLT' s Days Inventory Range Over the Past 10 Years
Min: 56.53 Med: 117.85 Max: 169.32
Current: 116.56

During the past 13 years, BLIS Technologies's highest Days Inventory was 169.32. The lowest was 56.53. And the median was 117.85.

NZSE:BLT's Days Inventory is ranked better than
67.75% of 645 companies
in the Biotechnology industry
Industry Median: 178.67 vs NZSE:BLT: 116.56

BLIS Technologies's Days Inventory declined from Sep. 2023 (146.68) to Sep. 2024 (120.13).

Inventory Turnover measures how fast the company turns over its inventory within a year. BLIS Technologies's Inventory Turnover for the six months ended in Sep. 2024 was 1.52.

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. BLIS Technologies's Inventory-to-Revenue for the six months ended in Sep. 2024 was 0.14.

BLIS Technologies Days Inventory Historical Data

The historical data trend for BLIS Technologies'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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BLIS Technologies Days Inventory Chart

BLIS Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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86.46

164.22

169.32

126.45

117.85

BLIS Technologies Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Inventory	Get a 7-Day Free Trial															166.25	101.94	146.68	108.69	120.13

Competitive Comparison of BLIS Technologies's Days Inventory

For the Biotechnology subindustry, BLIS Technologies'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.

BLIS Technologies's Days Inventory Distribution in the Biotechnology Industry

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

* The bar in red indicates where BLIS Technologies's Days Inventory falls into.

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BLIS Technologies Days Inventory Calculation

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

BLIS Technologies's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (0.734	+	0.719)	/	2 )	/	2.25	*	365
=	0.7265					/	2.25	*	365
=	117.85

BLIS Technologies's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.719	+	0.82)	/	2 )	/	1.169	*	365 / 2
=	0.7695					/	1.169	*	365 / 2
=	120.13

BLIS Technologies (NZSE:BLT) 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.

BLIS Technologies's Inventory Turnover for the six months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.169	/	0.7695
	=	1.52

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.

BLIS Technologies's Inventory to Revenue for the six months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.7695	/	5.586
	=	0.14

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.

BLIS Technologies Days Inventory Related Terms

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

BLIS Technologies Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

442 Moray Place, Ground Floor, Dunedin, OTA, NZL, 9016

Website

https://www.blis.co.nz

BLIS Technologies Ltd is engaged in developing oral probiotics. The company markets strains of probiotic bacteria BLIS K12, BLIS Q24, and BLIS M18 which occur naturally in the oral cavity. Its product portfolio consists of probiotic serum, Teeth and gums lozenge, fresh breath lozenge, and immune lozenge. Geographically, the company derives a majority of its revenue from EMEA (Europe, the Middle East, and Africa).