Charles River Laboratories International (STU:RV6) Days Inventory : 50.66 (As of Mar. 2024)

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What is Charles River Laboratories International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Charles River Laboratories International's Average Total Inventories for the three months ended in Mar. 2024 was €341 Mil. Charles River Laboratories International's Cost of Goods Sold for the three months ended in Mar. 2024 was €613 Mil. Hence, Charles River Laboratories International's Days Inventory for the three months ended in Mar. 2024 was 50.66.

The historical rank and industry rank for Charles River Laboratories International's Days Inventory or its related term are showing as below:

STU:RV6' s Days Inventory Range Over the Past 10 Years
Min: 31.08 Med: 33.31 Max: 44.19
Current: 43.72

During the past 13 years, Charles River Laboratories International's highest Days Inventory was 44.19. The lowest was 31.08. And the median was 33.31.

STU:RV6's Days Inventory is ranked better than
64.89% of 188 companies
in the Medical Diagnostics & Research industry
Industry Median: 67.465 vs STU:RV6: 43.72

Charles River Laboratories International's Days Inventory increased from Mar. 2023 (36.48) to Mar. 2024 (50.66). It might indicate that Charles River Laboratories International's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Charles River Laboratories International's Inventory Turnover for the three months ended in Mar. 2024 was 1.80.

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. Charles River Laboratories International's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.37.

Charles River Laboratories International Days Inventory Historical Data

The historical data trend for Charles River Laboratories International'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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Charles River Laboratories International Days Inventory Chart

Charles River Laboratories International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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31.34

35.66

30.75

32.13

44.71

Charles River Laboratories International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															36.48	38.03	39.39	47.75	50.66

Competitive Comparison of Charles River Laboratories International's Days Inventory

For the Diagnostics & Research subindustry, Charles River Laboratories International'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.

Charles River Laboratories International's Days Inventory Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Charles River Laboratories International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Charles River Laboratories International's Days Inventory falls into.

Charles River Laboratories International Days Inventory Calculation

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

Charles River Laboratories International'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
=	( (241.484	+	348.698)	/	2 )	/	2408.824	*	365
=	295.091					/	2408.824	*	365
=	44.71

Charles River Laboratories International'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
=	( (348.698	+	332.379)	/	2 )	/	613.379	*	365 / 4
=	340.5385					/	613.379	*	365 / 4
=	50.66

Charles River Laboratories International (STU:RV6) 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.

Charles River Laboratories International's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	613.379	/	340.5385
	=	1.80

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.

Charles River Laboratories International's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	340.5385	/	930.635
	=	0.37

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.

Charles River Laboratories International Days Inventory Related Terms

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Charles River Laboratories International (STU:RV6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Charles River Laboratories International Inc (STU:RV6) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CRL:USA CRL:Mexico RV6:Germany

Address

251 Ballardvale Street, Wilmington, MA, USA, 01887

Website

https://www.criver.com

Charles River Laboratories was founded in 1947 and is a leading provider of drug discovery and development services. The company's research model & services segment is the leading provider of animal models for laboratory testing, which breeds and delivers animal research models with specific genetic characteristics for preclinical studies around the world. The discovery & safety assessment segment includes services required to take a drug through the early development process, including discovery services. The manufacturing support segment includes microbial solutions, which provides in vitro (non-animal) testing products, biologics testing services, and avian vaccine services.

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