Biocartis Group NV (XBRU:BCART) Days Inventory : 250.93 (As of Jun. 2023)

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What is Biocartis Group NV Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Biocartis Group NV's Average Total Inventories for the six months ended in Jun. 2023 was €18.39 Mil. Biocartis Group NV's Cost of Goods Sold for the six months ended in Jun. 2023 was €13.38 Mil. Hence, Biocartis Group NV's Days Inventory for the six months ended in Jun. 2023 was 250.93.

The historical rank and industry rank for Biocartis Group NV's Days Inventory or its related term are showing as below:

XBRU:BCART' s Days Inventory Range Over the Past 10 Years
Min: 120.83 Med: 218.79 Max: 650.7
Current: 234.15

During the past 11 years, Biocartis Group NV's highest Days Inventory was 650.70. The lowest was 120.83. And the median was 218.79.

XBRU:BCART's Days Inventory is not ranked
in the Medical Diagnostics & Research industry.
Industry Median: 67.61 vs XBRU:BCART: 234.15

Biocartis Group NV's Days Inventory increased from Jun. 2022 (239.48) to Jun. 2023 (250.93). It might indicate that Biocartis Group NV's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Biocartis Group NV's Inventory Turnover for the six months ended in Jun. 2023 was 0.73.

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. Biocartis Group NV's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.62.

Biocartis Group NV Days Inventory Historical Data

The historical data trend for Biocartis Group NV'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.

Biocartis Group NV Days Inventory Chart

Biocartis Group NV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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249.44

223.16

207.42

171.18

214.42

Biocartis Group NV Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															177.88	182.10	239.48	220.23	250.93

Competitive Comparison of Biocartis Group NV's Days Inventory

For the Diagnostics & Research subindustry, Biocartis Group NV'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.

Biocartis Group NV's Days Inventory Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Biocartis Group NV's Days Inventory distribution charts can be found below:

* The bar in red indicates where Biocartis Group NV's Days Inventory falls into.

Biocartis Group NV Days Inventory Calculation

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

Biocartis Group NV's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (16.106	+	18.905)	/	2 )	/	29.799	*	365
=	17.5055					/	29.799	*	365
=	214.42

Biocartis Group NV's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (18.905	+	17.884)	/	2 )	/	13.378	*	365 / 2
=	18.3945					/	13.378	*	365 / 2
=	250.93

Biocartis Group NV (XBRU:BCART) 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.

Biocartis Group NV's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13.378	/	18.3945
	=	0.73

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.

Biocartis Group NV's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18.3945	/	29.491
	=	0.62

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.

Biocartis Group NV Days Inventory Related Terms

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

Biocartis Group NV (XBRU:BCART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Biocartis Group NV (XBRU:BCART) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Generaal de Wittelaan 11 B, Mechelen, BEL, 2800

Website

https://www.biocartis.com

Biocartis Group NV is a commercial-stage molecular diagnostics company. It provides diagnostic solutions aimed at improving clinical practice for patients, clinicians, payers, and the industry. The firm has developed an MDx Idylla molecular diagnostic system for oncology and infectious disease segments. Its products include EGFR mutation assay, BRAF mutation test, NRAS mutation test, respiratory panel, etc. The firm derives the majority of its revenues from product sales.

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