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Chongqing Genrix Biopharmaceutical Co (SHSE:688443) Days Inventory : 2,631,148.13 (As of Mar. 2024)


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What is Chongqing Genrix Biopharmaceutical Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chongqing Genrix Biopharmaceutical Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥57.67 Mil. Chongqing Genrix Biopharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥0.00 Mil. Hence, Chongqing Genrix Biopharmaceutical Co's Days Inventory for the three months ended in Mar. 2024 was 2,631,148.13.

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

SHSE:688443' s Days Inventory Range Over the Past 10 Years
Min: 465.66   Med: 27566.63   Max: 204162.75
Current: 31635.37

During the past 5 years, Chongqing Genrix Biopharmaceutical Co's highest Days Inventory was 204162.75. The lowest was 465.66. And the median was 27566.63.

SHSE:688443's Days Inventory is ranked worse than
99.23% of 650 companies
in the Biotechnology industry
Industry Median: 194.935 vs SHSE:688443: 31635.37

Chongqing Genrix Biopharmaceutical Co's Days Inventory increased from Mar. 2023 (52,211.16) to Mar. 2024 (2,631,148.13). It might indicate that Chongqing Genrix Biopharmaceutical Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chongqing Genrix Biopharmaceutical Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.00.

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. Chongqing Genrix Biopharmaceutical Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 9,611.50.


Chongqing Genrix Biopharmaceutical Co Days Inventory Historical Data

The historical data trend for Chongqing Genrix Biopharmaceutical 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.

* Premium members only.

Chongqing Genrix Biopharmaceutical Co Days Inventory Chart

Chongqing Genrix Biopharmaceutical Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
204,162.75 6,061.74 465.66 31,044.32 27,566.63

Chongqing Genrix Biopharmaceutical Co Quarterly Data
Dec19 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 52,211.16 1,567,887.92 2,524,157.50 8,333.86 2,631,148.13

Competitive Comparison of Chongqing Genrix Biopharmaceutical Co's Days Inventory

For the Biotechnology subindustry, Chongqing Genrix Biopharmaceutical 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.


Chongqing Genrix Biopharmaceutical Co's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Chongqing Genrix Biopharmaceutical Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Chongqing Genrix Biopharmaceutical Co's Days Inventory falls into.



Chongqing Genrix Biopharmaceutical Co Days Inventory Calculation

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

Chongqing Genrix Biopharmaceutical 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
=( (56.326 + 55.451) / 2 ) / 0.74*365
=55.8885 / 0.74*365
=27,566.63

Chongqing Genrix Biopharmaceutical Co'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
=( (55.451 + 59.887) / 2 ) / 0.002*365 / 4
=57.669 / 0.002*365 / 4
=2,631,148.13

* 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.


Chongqing Genrix Biopharmaceutical Co  (SHSE:688443) 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.

Chongqing Genrix Biopharmaceutical Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

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.

Chongqing Genrix Biopharmaceutical Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

* 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.


Chongqing Genrix Biopharmaceutical Co Days Inventory Related Terms

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


Chongqing Genrix Biopharmaceutical Co (SHSE:688443) Business Description

Traded in Other Exchanges
N/A
Address
No. 699, Maliu Avenue, Area A, Building 2, International Bio City, Banan, Chongqing, CHN, 401338
Chongqing Genrix Biopharmaceutical Co Ltd is engaged in the research & development, production and sales of antibody drugs. The company has a total of more than ten products under research covering three major therapeutic areas. The progress of core products is leading, and some product pipelines are as follows; autoimmune disease, infectious disease, and tumor. Its product Xeligekimab injection (Xeligekimab) is a recombinant fully human anti-IL-17A monoclonal antibody independently developed by the company, which has been accepted by the National Medical Products Administration (NMPA) for new drug marketing applications.
Executives
Jiang Ren Sheng Director

Chongqing Genrix Biopharmaceutical Co (SHSE:688443) Headlines

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