Oxford Nanopore Technologies (Oxford Nanopore Technologies) Days Inventory : 436.11 (As of Dec. 2023)

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What is Oxford Nanopore Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Oxford Nanopore Technologies's Average Total Inventories for the six months ended in Dec. 2023 was $129.3 Mil. Oxford Nanopore Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was $54.1 Mil. Hence, Oxford Nanopore Technologies's Days Inventory for the six months ended in Dec. 2023 was 436.11.

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

ONTTF' s Days Inventory Range Over the Past 10 Years
Min: 151.66 Med: 332.89 Max: 448.93
Current: 448.93

During the past 6 years, Oxford Nanopore Technologies's highest Days Inventory was 448.93. The lowest was 151.66. And the median was 332.89.

ONTTF's Days Inventory is ranked worse than
79.11% of 651 companies
in the Biotechnology industry
Industry Median: 194.42 vs ONTTF: 448.93

Oxford Nanopore Technologies's Days Inventory declined from Dec. 2022 (485.09) to Dec. 2023 (436.11).

Inventory Turnover measures how fast the company turns over its inventory within a year. Oxford Nanopore Technologies's Inventory Turnover for the six months ended in Dec. 2023 was 0.42.

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. Oxford Nanopore Technologies's Inventory-to-Revenue for the six months ended in Dec. 2023 was 1.22.

Oxford Nanopore Technologies Days Inventory Historical Data

The historical data trend for Oxford Nanopore 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.

* Premium members only.

Oxford Nanopore Technologies Days Inventory Chart

Oxford Nanopore Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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262.28

150.30

299.05

382.01

428.52

Oxford Nanopore Technologies Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial					331.10	290.22	485.09	469.43	436.11

Competitive Comparison of Oxford Nanopore Technologies's Days Inventory

For the Biotechnology subindustry, Oxford Nanopore 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.

Oxford Nanopore Technologies's Days Inventory Distribution in the Biotechnology Industry

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

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

Oxford Nanopore Technologies Days Inventory Calculation

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

Oxford Nanopore Technologies'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
=	( (106.819	+	128.542)	/	2 )	/	100.237	*	365
=	117.6805					/	100.237	*	365
=	428.52

Oxford Nanopore Technologies'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (129.973	+	128.542)	/	2 )	/	54.091	*	365 / 2
=	129.2575					/	54.091	*	365 / 2
=	436.11

Oxford Nanopore Technologies (OTCPK:ONTTF) 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.

Oxford Nanopore Technologies's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	54.091	/	129.2575
	=	0.42

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.

Oxford Nanopore Technologies's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	129.2575	/	105.906
	=	1.22

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.

Oxford Nanopore Technologies Days Inventory Related Terms

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Oxford Nanopore Technologies (Oxford Nanopore Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Oxford Nanopore Technologies PLC (OTCPK:ONTTF) » Definitions » Days Inventory

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ONTl:UK ONT:UK 4R0:Germany

Address

Edmund Halley Road, Gosling Building, Oxford Science Park, Oxford, Oxfordshire, GBR, OX44DQ

Website

https://www.nanoporetech.com

Oxford Nanopore Technologies PLC makes a novel generation of DNA/RNA sequencing technology that provides rich data and is fast, accessible, and easy to use. The Group is primarily involved in researching, developing, manufacturing, and commercializing the world's only commercial nanopore-based sequencing platform that allows the real-time analysis of deoxyribonucleic acid (DNA) or ribonucleic acid (RNA). This enables our customers to perform scientific/biomedical research in a range of areas, including human genetics, cancer research, outbreak surveillance, environmental analysis, pathogens/antimicrobial resistance, microbiome analysis, and crop science.