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Parnell Pharmaceuticals Holdings (Parnell Pharmaceuticals Holdings) Days Inventory : 90.59 (As of Dec. 2018)


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What is Parnell Pharmaceuticals Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Parnell Pharmaceuticals Holdings's Average Total Inventories for the six months ended in Dec. 2018 was $1.96 Mil. Parnell Pharmaceuticals Holdings's Cost of Goods Sold for the six months ended in Dec. 2018 was $7.90 Mil. Hence, Parnell Pharmaceuticals Holdings's Days Inventory for the six months ended in Dec. 2018 was 45.30.

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

PARNF's Days Inventory is not ranked *
in the Drug Manufacturers industry.
Industry Median: 158.38
* Ranked among companies with meaningful Days Inventory only.

Parnell Pharmaceuticals Holdings's Days Inventory declined from Dec. 2016 (142.35) to Dec. 2018 (90.59).

Inventory Turnover measures how fast the company turns over its inventory within a year. Parnell Pharmaceuticals Holdings's Inventory Turnover for the six months ended in Dec. 2018 was 4.03.

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. Parnell Pharmaceuticals Holdings's Inventory-to-Revenue for the six months ended in Dec. 2018 was 0.10.

Parnell Pharmaceuticals Holdings Days Inventory Historical Data

The historical data trend for Parnell Pharmaceuticals Holdings'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.

Parnell Pharmaceuticals Holdings Days Inventory Chart

Parnell Pharmaceuticals Holdings Annual Data
Trend Jun12 Jun13 Jun14 Dec15 Dec16 Dec17 Dec18
Days Inventory
Get a 7-Day Free Trial 111.84 141.92 142.35 105.18 90.59

Parnell Pharmaceuticals Holdings Semi-Annual Data
Jun12 Jun13 Jun14 Dec15 Dec16 Dec17 Dec18
Days Inventory Get a 7-Day Free Trial 114.30 141.92 142.35 105.18 90.59

Competitive Comparison of Parnell Pharmaceuticals Holdings's Days Inventory

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

Parnell Pharmaceuticals Holdings's Days Inventory Distribution in the Drug Manufacturers Industry

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

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


Parnell Pharmaceuticals Holdings Days Inventory Calculation

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

Parnell Pharmaceuticals Holdings's Days Inventory for the fiscal year that ended in Dec. 2018 is calculated as

Days Inventory (A: Dec. 2018 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2017 ) + Total Inventories (A: Dec. 2018 )) / count ) / Cost of Goods Sold (A: Dec. 2018 )*Days in Period
=( (1.633 + 2.29) / 2 ) / 7.903*365
=1.9615 / 7.903*365
=90.59

Parnell Pharmaceuticals Holdings's Days Inventory for the quarter that ended in Dec. 2018 is calculated as:

Days Inventory (Q: Dec. 2018 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2017 ) + Total Inventories (Q: Dec. 2018 )) / count ) / Cost of Goods Sold (Q: Dec. 2018 )*Days in Period
=( (1.633 + 2.29) / 2 ) / 7.903*365 / 2
=1.9615 / 7.903*365 / 2
=45.30

* 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.

Parnell Pharmaceuticals Holdings  (OTCPK:PARNF) 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.

Parnell Pharmaceuticals Holdings's Inventory Turnover for the six months ended in Dec. 2018 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=7.903 / 1.9615
=4.03

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.

Parnell Pharmaceuticals Holdings's Inventory to Revenue for the six months ended in Dec. 2018 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=1.9615 / 19.031
=0.10

* 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.

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.

Parnell Pharmaceuticals Holdings Days Inventory Related Terms

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

Parnell Pharmaceuticals Holdings (Parnell Pharmaceuticals Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Parnell Pharmaceuticals Holdings Ltd (OTCPK:PARNF) » Definitions » Days Inventory
Comparable Companies
OWCP CXUS CANB CNABQ LITH APPB GSRX PCYN EVIO GENH ZTS TSE:4502 XTER:MRK HKSE:03692 TSE:4523 SZSE:000661 TSE:4507 SZSE:000538 NSE:SUNPHARMA SZSE:300601
Traded in Other Exchanges
N/A
Address
476 Gardeners Road, Unit 4, Century Estate, Alexandria, Sydney, NSW, AUS, 2015
Website
https://www.parnell.com
Parnell Pharmaceuticals Holdings Ltd is an Australia based veterinary pharmaceutical company. It is focused on developing, manufacturing and commercializing animal health solutions. The group manufactures and market products for companion animals and production animals. The firm also has a pipeline of drug products like Zydax, PAR121 and PAR122 and Luminous which covers therapeutic areas in orthopedics, dermatology, and nutraceuticals. The operating segments of the company are Companion animal, Production animal - U.S., Production animal - rest of world and Contract Manufacturing. It operates internationally and generates the majority of the revenue from the Production animal - U.S. segment which covers the group's reproductive hormone portfolio across production animal in the USA.