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EZZ Life Science Holdings (ASX:EZZ) Days Inventory : 34.36 (As of Dec. 2023)


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What is EZZ Life Science Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). EZZ Life Science Holdings's Average Total Inventories for the six months ended in Dec. 2023 was A$1.20 Mil. EZZ Life Science Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was A$6.39 Mil. Hence, EZZ Life Science Holdings's Days Inventory for the six months ended in Dec. 2023 was 34.36.

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

ASX:EZZ' s Days Inventory Range Over the Past 10 Years
Min: 5.66   Med: 14.19   Max: 34.6
Current: 34.6

During the past 4 years, EZZ Life Science Holdings's highest Days Inventory was 34.60. The lowest was 5.66. And the median was 14.19.

ASX:EZZ's Days Inventory is ranked better than
90.66% of 653 companies
in the Biotechnology industry
Industry Median: 192.54 vs ASX:EZZ: 34.60

EZZ Life Science Holdings's Days Inventory increased from Dec. 2022 (23.96) to Dec. 2023 (34.36). It might indicate that EZZ Life Science Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. EZZ Life Science Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 5.31.

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. EZZ Life Science Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.06.

EZZ Life Science Holdings Days Inventory Historical Data

The historical data trend for EZZ Life Science Holdings'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.

EZZ Life Science Holdings Days Inventory Chart

EZZ Life Science Holdings Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Days Inventory
- 5.66 14.19 24.56

EZZ Life Science Holdings Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial 21.70 17.17 23.96 31.03 34.36

Competitive Comparison of EZZ Life Science Holdings's Days Inventory

For the Biotechnology subindustry, EZZ Life Science Holdings'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.

EZZ Life Science Holdings's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, EZZ Life Science Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where EZZ Life Science Holdings's Days Inventory falls into.


EZZ Life Science Holdings Days Inventory Calculation

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

EZZ Life Science Holdings'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
=( (0.312 + 0.847) / 2 ) / 8.613*365
=0.5795 / 8.613*365
=24.56

EZZ Life Science Holdings'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
=( (0.847 + 1.559) / 2 ) / 6.389*365 / 2
=1.203 / 6.389*365 / 2
=34.36

* 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.

EZZ Life Science Holdings  (ASX:EZZ) 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.

EZZ Life Science Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=6.389 / 1.203
=5.31

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.

EZZ Life Science Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=1.203 / 21.697
=0.06

* 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.

EZZ Life Science Holdings Days Inventory Related Terms

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

EZZ Life Science Holdings (ASX:EZZ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » EZZ Life Science Holdings Ltd (ASX:EZZ) » Definitions » Days Inventory
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Traded in Other Exchanges
N/A
Address
104 Derby Street, Silverwater, NSW, AUS, 2128
Website
https://www.ezzlife.com.au
EZZ Life Science Holdings Ltd is a genomic life science company with a mission to improve quality of life and human health. EZZ has a focus on genomic research and development to address four key human health challenges: genetic longevity, human papillomavirus (HPV), helicobacter pylori, and weight management. The company is engaged in formulation, production, marketing and sale of the EZZ branded health and wellbeing products to retailers and consumers domestically and internationally, and wholesale distribution of the EAORON branded skin care products to retailers in Australia and New Zealand.

EZZ Life Science Holdings (ASX:EZZ) Headlines

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