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Microba Life Sciences (ASX:MAP) Days Inventory : 131.73 (As of Dec. 2023)


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What is Microba Life Sciences Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Microba Life Sciences's Average Total Inventories for the six months ended in Dec. 2023 was A$1.35 Mil. Microba Life Sciences's Cost of Goods Sold for the six months ended in Dec. 2023 was A$1.87 Mil. Hence, Microba Life Sciences's Days Inventory for the six months ended in Dec. 2023 was 131.73.

The historical rank and industry rank for Microba Life Sciences's Days Inventory or its related term are showing as below:

ASX:MAP' s Days Inventory Range Over the Past 10 Years
Min: 56.56   Med: 61.69   Max: 86.06
Current: 86.06

During the past 2 years, Microba Life Sciences's highest Days Inventory was 86.06. The lowest was 56.56. And the median was 61.69.

ASX:MAP's Days Inventory is ranked worse than
56.91% of 188 companies
in the Medical Diagnostics & Research industry
Industry Median: 65.99 vs ASX:MAP: 86.06

Microba Life Sciences's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (131.73). It might indicate that Microba Life Sciences'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. Microba Life Sciences's Inventory Turnover for the six months ended in Dec. 2023 was 1.39.

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. Microba Life Sciences's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.41.

Microba Life Sciences Days Inventory Historical Data

The historical data trend for Microba Life Sciences'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.

Microba Life Sciences Days Inventory Chart

Microba Life Sciences Annual Data
Trend Jun22 Jun23
Days Inventory
56.56 66.82

Microba Life Sciences Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory - - - 40.13 131.73

Competitive Comparison of Microba Life Sciences's Days Inventory

For the Diagnostics & Research subindustry, Microba Life Sciences'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.

Microba Life Sciences's Days Inventory Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Microba Life Sciences's Days Inventory distribution charts can be found below:

* The bar in red indicates where Microba Life Sciences's Days Inventory falls into.


Microba Life Sciences Days Inventory Calculation

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

Microba Life Sciences's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

Days Inventory (A: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count ) / Cost of Goods Sold (A: Jun. 2023 )*Days in Period
=( (0.36 + 0.644) / 2 ) / 2.742*365
=0.502 / 2.742*365
=66.82

Microba Life Sciences'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
=( (0.644 + 2.057) / 2 ) / 1.871*365 / 2
=1.3505 / 1.871*365 / 2
=131.73

* 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.

Microba Life Sciences  (ASX:MAP) 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.

Microba Life Sciences's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=1.871 / 1.3505
=1.39

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.

Microba Life Sciences's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=1.3505 / 3.273
=0.41

* 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.

Microba Life Sciences Days Inventory Related Terms

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

Microba Life Sciences (ASX:MAP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Microba Life Sciences Ltd (ASX:MAP) » Definitions » Days Inventory
Comparable Companies
ASX:GSS ASX:IIQ ASX:RHY ASX:LDX ASX:CTE ASX:GTG ASX:BDX ASX:IBX TMO DHR SHSE:603259 IQV IDXX A XSWX:LONN MTD ICLR LH ILMN DGX
Traded in Other Exchanges
N/A
Address
324 Queen Street, Level 10, Brisbane, QLD, AUS, 4000
Website
https://www.microba.com
Microba Life Sciences Ltd is a commercial-stage company with technology for measuring the human gut microbiome which includes delivering gut microbiome testing services globally to consumers, clinicians, and researchers. The company's segment includes Testing Services, and Research and Development.

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