Prince Pharmaceutical Co (ROCO:6935) Days Inventory : 80.12 (As of Dec. 2023)

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What is Prince Pharmaceutical Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Prince Pharmaceutical Co's Average Total Inventories for the six months ended in Dec. 2023 was NT$137.2 Mil. Prince Pharmaceutical Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$312.5 Mil. Hence, Prince Pharmaceutical Co's Days Inventory for the six months ended in Dec. 2023 was 80.12.

The historical rank and industry rank for Prince Pharmaceutical Co's Days Inventory or its related term are showing as below:

ROCO:6935' s Days Inventory Range Over the Past 10 Years
Min: 86 Med: 126.52 Max: 158.51
Current: 86

During the past 5 years, Prince Pharmaceutical Co's highest Days Inventory was 158.51. The lowest was 86.00. And the median was 126.52.

ROCO:6935's Days Inventory is ranked better than
81.88% of 966 companies
in the Drug Manufacturers industry
Industry Median: 158.365 vs ROCO:6935: 86.00

Prince Pharmaceutical Co's Days Inventory declined from Dec. 2022 (105.66) to Dec. 2023 (80.12).

Inventory Turnover measures how fast the company turns over its inventory within a year. Prince Pharmaceutical Co's Inventory Turnover for the six months ended in Dec. 2023 was 2.28.

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. Prince Pharmaceutical Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.35.

Prince Pharmaceutical Co Days Inventory Historical Data

The historical data trend for Prince Pharmaceutical Co'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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Prince Pharmaceutical Co Days Inventory Chart

Prince Pharmaceutical Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

158.51

152.13

126.52

99.15

88.78

Prince Pharmaceutical Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			134.49	93.88	105.66	89.49	80.12

Competitive Comparison of Prince Pharmaceutical Co's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Prince Pharmaceutical Co'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.

Prince Pharmaceutical Co's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Prince Pharmaceutical Co's Days Inventory falls into.

Prince Pharmaceutical Co Days Inventory Calculation

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

Prince Pharmaceutical Co'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
=	( (149.861	+	142.117)	/	2 )	/	600.234	*	365
=	145.989					/	600.234	*	365
=	88.78

Prince Pharmaceutical Co'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
=	( (132.296	+	142.117)	/	2 )	/	312.521	*	365 / 2
=	137.2065					/	312.521	*	365 / 2
=	80.12

Prince Pharmaceutical Co (ROCO:6935) 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.

Prince Pharmaceutical Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	312.521	/	137.2065
	=	2.28

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.

Prince Pharmaceutical Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	137.2065	/	397.312
	=	0.35

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.

Prince Pharmaceutical Co Days Inventory Related Terms

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

Prince Pharmaceutical Co (ROCO:6935) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Prince Pharmaceutical Co Ltd (ROCO:6935) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 168, Keyunnan Road, Huwei Town, Yunlin, TWN, 632

Website

https://www.prince-pharm.com.tw

Prince Pharmaceutical Co Ltd is engaged in the manufacturing, packaging, processing, and trading of various active pharmaceutical ingredients and health supplements. The company supplies its products to Taiwan, Japan, Spain, Europe, and other regions.

Prince Pharmaceutical Co (ROCO:6935) Headlines

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