The historical rank and industry rank for Sorrento Therapeutics's Days Inventory or its related term are showing as below:
SRNE'
s Days Inventory Range Over the Past 10 Years
Min: 93.36 Med: 98.65 Max: 149.83
Current: 142.59
During the past 13 years, Sorrento Therapeutics's highest Days Inventory was 149.83. The lowest was 93.36. And the median was 98.65.
SRNE's Days Inventory is ranked better than 61.79% of 649
companies
in the Biotechnology industry
Industry Median: 191.36
vs SRNE: 142.59
Sorrento Therapeutics's Days Inventory
declined
from Jun. 2022 (278.22) to Jun. 2023 (113.13).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Sorrento Therapeutics's Inventory Turnover for the
three
months ended in Jun. 2023 was 0.81.
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.
Sorrento Therapeutics's Inventory-to-Revenue for the
three
months ended in Jun. 2023 was 0.70.
Sorrento Therapeutics Days Inventory Historical Data
The historical data trend for Sorrento Therapeutics'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.
Competitive Comparison of Sorrento Therapeutics's Days Inventory
For the Biotechnology subindustry, Sorrento Therapeutics'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.
Sorrento Therapeutics's Days Inventory Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Sorrento Therapeutics's Days Inventory distribution charts can be found below:
* The bar in red indicates where Sorrento Therapeutics's Days Inventory falls into.
Sorrento Therapeutics Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sorrento Therapeutics's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
Sorrento Therapeutics (OTCPK:SRNE) 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.
Sorrento Therapeutics's Inventory Turnover for the
three
months ended in Jun. 2023 is calculated as
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.
Sorrento Therapeutics's Inventory to Revenue for the
three
months ended in Jun. 2023 is calculated as
* 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.
Sorrento Therapeutics Days Inventory Related Terms
Thank you for viewing the detailed overview of Sorrento Therapeutics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Sorrento Therapeutics (Sorrento Therapeutics) Business Description
Sorrento Therapeutics Inc is a clinical and commercial-stage biopharmaceutical company developing a portfolio of next-generation treatments for three major therapeutic areas: cancer, infectious disease, and pain. Its multimodal, multipronged approach to fighting cancer is made possible by its extensive immuno-oncology platforms, including key assets such as fully human antibodies (G-MAB library), immuno-cellular therapies (DAR-T), antibody-drug conjugates (ADCs), and oncolytic virus (Seprehvec). Sorrento is also developing potential antiviral therapies and vaccines against coronaviruses, including COVI-AMG, COVIDROPS, COVISHIELD, FUJOVEE (Abivertinib), and OQORY (Covi-MSC), and diagnostic test solutions, including COVITRACK and COVIMARK.
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