Australian Clinical Labs (ASX:ACL) Days Inventory : 0.00 (As of Dec. 2023)

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What is Australian Clinical Labs Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Australian Clinical Labs's Average Total Inventories for the six months ended in Dec. 2023 was A$15.9 Mil. Australian Clinical Labs's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.0 Mil.

The historical rank and industry rank for Australian Clinical Labs's Days Inventory or its related term are showing as below:

ASX:ACL' s Days Inventory Range Over the Past 10 Years
Min: 29.4 Med: 42.05 Max: 50.92
Current: 47.72

During the past 4 years, Australian Clinical Labs's highest Days Inventory was 50.92. The lowest was 29.40. And the median was 42.05.

ASX:ACL's Days Inventory is ranked better than
61.9% of 189 companies
in the Medical Diagnostics & Research industry
Industry Median: 65.4 vs ASX:ACL: 47.72

Australian Clinical Labs's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Australian Clinical Labs's Inventory Turnover for the six months ended in Dec. 2023 was 0.00.

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. Australian Clinical Labs's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.05.

Australian Clinical Labs Days Inventory Historical Data

The historical data trend for Australian Clinical Labs'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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Australian Clinical Labs Days Inventory Chart

Australian Clinical Labs Annual Data

Trend

Dec20

Jun21

Jun22

Jun23

Days Inventory

42.05

29.40

50.92

Australian Clinical Labs Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			-	18.36	-	23.63	-

Competitive Comparison of Australian Clinical Labs's Days Inventory

For the Diagnostics & Research subindustry, Australian Clinical Labs'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.

Australian Clinical Labs's Days Inventory Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Australian Clinical Labs's Days Inventory distribution charts can be found below:

* The bar in red indicates where Australian Clinical Labs's Days Inventory falls into.

Australian Clinical Labs Days Inventory Calculation

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

Australian Clinical Labs'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
=	( (20.088	+	15.092)	/	2 )	/	126.083	*	365
=	17.59					/	126.083	*	365
=	50.92

Australian Clinical Labs'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
=	( (15.092	+	16.805)	/	2 )	/	0	*	365 / 2
=	15.9485					/	0	*	365 / 2
=	N/A

Australian Clinical Labs (ASX:ACL) 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.

Australian Clinical Labs's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	15.9485
	=	0.00

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.

Australian Clinical Labs's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15.9485	/	337.816
	=	0.05

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.

Australian Clinical Labs Days Inventory Related Terms

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

Australian Clinical Labs (ASX:ACL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Australian Clinical Labs Ltd (ASX:ACL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1868-1892 Dandenong Road, Clayton, VIC, AUS, 3168

Website

https://www.clinicallabs.com.au

Australian Clinical Labs, or ACL, is Australia's third-largest private pathology provider. ACL earns almost its entire group revenue from pathology services in Australia, which are mostly earned via the publicly funded health Medicare system. ACL is well-established in the states of Western Australia, South Australia, Victoria and the Northern Territory.

Australian Clinical Labs (ASX:ACL) Headlines

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