Sunshine Biopharma (Sunshine Biopharma) Days Inventory : 118.16 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Sunshine Biopharma Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sunshine Biopharma's Average Total Inventories for the three months ended in Mar. 2024 was $6.72 Mil. Sunshine Biopharma's Cost of Goods Sold for the three months ended in Mar. 2024 was $5.19 Mil. Hence, Sunshine Biopharma's Days Inventory for the three months ended in Mar. 2024 was 118.16.

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

SBFMW' s Days Inventory Range Over the Past 10 Years
Min: 104.55 Med: 233.96 Max: 530.91
Current: 105.82

During the past 13 years, Sunshine Biopharma's highest Days Inventory was 530.91. The lowest was 104.55. And the median was 233.96.

SBFMW's Days Inventory is ranked better than
74.17% of 968 companies
in the Drug Manufacturers industry
Industry Median: 158.075 vs SBFMW: 105.82

Sunshine Biopharma's Days Inventory increased from Mar. 2023 (104.17) to Mar. 2024 (118.16). It might indicate that Sunshine Biopharma's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sunshine Biopharma's Inventory Turnover for the three months ended in Mar. 2024 was 0.77.

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. Sunshine Biopharma's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.89.

Sunshine Biopharma Days Inventory Historical Data

The historical data trend for Sunshine Biopharma'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.

Sunshine Biopharma Days Inventory Chart

Sunshine Biopharma Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

530.91

292.00

202.78

233.96

104.55

Sunshine Biopharma Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															104.17	100.67	100.82	91.50	118.16

Competitive Comparison of Sunshine Biopharma's Days Inventory

For the Drug Manufacturers - Specialty & Generic subindustry, Sunshine Biopharma'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.

Sunshine Biopharma's Days Inventory Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Sunshine Biopharma's Days Inventory falls into.

Sunshine Biopharma Days Inventory Calculation

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

Sunshine Biopharma'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
=	( (3.29	+	5.735)	/	2 )	/	15.754	*	365
=	4.5125					/	15.754	*	365
=	104.55

Sunshine Biopharma's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (5.735	+	7.698)	/	2 )	/	5.187	*	365 / 4
=	6.7165					/	5.187	*	365 / 4
=	118.16

Sunshine Biopharma (NAS:SBFMW) 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.

Sunshine Biopharma's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.187	/	6.7165
	=	0.77

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.

Sunshine Biopharma's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.7165	/	7.541
	=	0.89

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.

Sunshine Biopharma Days Inventory Related Terms

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

Sunshine Biopharma (Sunshine Biopharma) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Sunshine Biopharma Inc (NAS:SBFMW) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SBFM:USA

Address

6500 Trans-Canada Highway, 4th Floor, Pointe-Claire, QC, CAN, H9R 0A5

Website

https://www.sunshinebiopharma.com

Sunshine Biopharma Inc is a pharmaceutical company focused on the research, development, and commercialization of oncology and antiviral drugs. In addition, it is engaged in the development and commercialization of science-based nutritional supplements. The company is focusing on the development of the licensed Adva-27a anticancer drug, a small molecule that has been shown to be exceptionally effective at destroying Multidrug-Resistant Cancer Cells, including Pancreatic Cancer cells (Panc-1), Small-Cell Lung Cancer cells (H69AR), Breast Cancer cells (MCF-7/MDR) and Uterine Sarcoma cells (MES-SA/Dx5).