A Plus Biotechnology Co (ROCO:6918) Days Inventory : 487.93 (As of Dec. 2023)

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What is A Plus Biotechnology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). A Plus Biotechnology Co's Average Total Inventories for the six months ended in Dec. 2023 was NT$288.5 Mil. A Plus Biotechnology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$107.9 Mil. Hence, A Plus Biotechnology Co's Days Inventory for the six months ended in Dec. 2023 was 487.93.

The historical rank and industry rank for A Plus Biotechnology Co's Days Inventory or its related term are showing as below:

ROCO:6918' s Days Inventory Range Over the Past 10 Years
Min: 446.16 Med: 539.48 Max: 944.28
Current: 495.3

During the past 5 years, A Plus Biotechnology Co's highest Days Inventory was 944.28. The lowest was 446.16. And the median was 539.48.

ROCO:6918's Days Inventory is ranked worse than
86.58% of 775 companies
in the Medical Devices & Instruments industry
Industry Median: 192.78 vs ROCO:6918: 495.30

A Plus Biotechnology Co's Days Inventory increased from Dec. 2022 (425.15) to Dec. 2023 (487.93). It might indicate that A Plus Biotechnology Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. A Plus Biotechnology Co's Inventory Turnover for the six months ended in Dec. 2023 was 0.37.

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. A Plus Biotechnology Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.83.

A Plus Biotechnology Co Days Inventory Historical Data

The historical data trend for A Plus Biotechnology 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.

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A Plus Biotechnology Co Days Inventory Chart

A Plus Biotechnology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

944.28

607.57

539.48

446.16

493.30

A Plus Biotechnology Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			524.03	462.80	425.15	504.77	487.93

Competitive Comparison of A Plus Biotechnology Co's Days Inventory

For the Medical Devices subindustry, A Plus Biotechnology 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.

A Plus Biotechnology Co's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, A Plus Biotechnology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where A Plus Biotechnology Co's Days Inventory falls into.

A Plus Biotechnology Co Days Inventory Calculation

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

A Plus Biotechnology 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
=	( (295.692	+	283.761)	/	2 )	/	214.373	*	365
=	289.7265					/	214.373	*	365
=	493.30

A Plus Biotechnology Co'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
=	( (293.246	+	283.761)	/	2 )	/	107.908	*	365 / 2
=	288.5035					/	107.908	*	365 / 2
=	487.93

A Plus Biotechnology Co (ROCO:6918) 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.

A Plus Biotechnology Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	107.908	/	288.5035
	=	0.37

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.

A Plus Biotechnology Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	288.5035	/	348.961
	=	0.83

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.

A Plus Biotechnology Co Days Inventory Related Terms

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A Plus Biotechnology Co (ROCO:6918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » A Plus Biotechnology Co Ltd (ROCO:6918) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21, Qiaohe Road, 3rd Floor, Zhonghe District, New Taipei City, TWN

Website

https://www.aplusbio.com

A Plus Biotechnology Co Ltd provides orthopedic implants. It engages in the research and development of orthopedic medical products. Aplus locking plate systems feature superior anatomical bone curves and 5-axis CNC manufacturing technology.

A Plus Biotechnology Co (ROCO:6918) Headlines

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