BNKL (Bionik Laboratories) Inventory Turnover: 0.23 (As of Mar. 2023)


BNKL Bionik Laboratories Corp BNKL
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What is Bionik Laboratories Inventory Turnover?

Bionik Laboratories BNKL -99.00% 12 Inventory Turnover is 0.23 as of Mar. 2023. GuruFocus rates BNKL with a GF Score™ of 12/100.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Bionik Laboratories's Cost of Goods Sold for the three months ended in Mar. 2023 was $0.25 Mil. Bionik Laboratories's Average Total Inventories for the quarter that ended in Mar. 2023 was $1.09 Mil. Bionik Laboratories's Inventory Turnover for the quarter that ended in Mar. 2023 was 0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bionik Laboratories's Days Inventory for the three months ended in Mar. 2023 was 402.31.

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. Bionik Laboratories's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 2.17.

Bionik Laboratories  (OTCPK:BNKL) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Bionik Laboratories's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2023 )/Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=1.089/0.247*365 / 4
=402.31

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.

Bionik Laboratories's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2023 ) / Revenue (Q: Mar. 2023 )
=1.089 / 0.501
=2.17

* 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Bionik Laboratories Inventory Turnover Related Terms

Bionik Laboratories Inventory Turnover Historical Data

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The historical data trend for Bionik Laboratories's Inventory Turnover 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.

Bionik Laboratories Inventory Turnover Chart

Bionik Laboratories Annual Data
Trend Dec14 Dec15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.07 1.22 0.31 0.34 0.73

Bionik Laboratories Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.06 0.14 0.24 0.23
BNKL
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Bionik Laboratories Corp BNKL
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Bionik Laboratories Inventory Turnover Calculation

Bionik Laboratories's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Inventory Turnover (A: Mar. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2023 ) / ((Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count )
=0.815 / ((1.191 + 1.034) / 2 )
=0.815 / 1.1125
=0.73

Bionik Laboratories's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover (Q: Mar. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2023 ) / ((Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Mar. 2023 )) / count )
=0.247 / ((1.144 + 1.034) / 2 )
=0.247 / 1.089
=0.23

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.23 mean?
Bionik Laboratories (BNKL) has a Inventory Turnover of 0.23 as of Mar. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Bionik Laboratories and its competitors.
Is Bionik Laboratories' Inventory Turnover too high?
Bionik Laboratories' current Inventory Turnover is 0.23. Overall, Bionik Laboratories has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Bionik Laboratories' Inventory Turnover compare to ARPC and GRST?
Bionik Laboratories' Inventory Turnover of 0.23 can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Healthcare Providers & Services company?
A good Inventory Turnover depends on the Healthcare Providers & Services industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Bionik Laboratories and its competitors. Bionik Laboratories's current Inventory Turnover is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bionik Laboratories stock overvalued right now?
Bionik Laboratories (BNKL) has a current Inventory Turnover of 0.23. The current Inventory Turnover is 0.23. Bionik Laboratories' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Bionik Laboratories (BNKL), the current Inventory Turnover is 0.23 as of Mar. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Bionik Laboratories Business Description

Address 80 Coolidge Hill Road, Watertown, MA, USA, 02472
Bionik Laboratories Corp is a healthcare company focused on improving the quality of life of millions of people with neurological or mobility impairments by combining artificial intelligence and robotics technology to help individuals from hospital to home regain mobility, enhance autonomy, and regain self-esteem. The company uses artificial intelligence and machine learning technologies to make rehabilitation methods and processes smarter and more intuitive to deliver a greater recovery for patients with neurological or mobility impairments. Its products The InMotion ARM, and InMotion ARM/HAND are robotic therapies for the upper limbs.
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