Genetic Signatures (ASX:GSS) Days Inventory : 604.84 (As of Dec. 2023)

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What is Genetic Signatures Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Genetic Signatures's Average Total Inventories for the six months ended in Dec. 2023 was A$8.43 Mil. Genetic Signatures's Cost of Goods Sold for the six months ended in Dec. 2023 was A$2.54 Mil. Hence, Genetic Signatures's Days Inventory for the six months ended in Dec. 2023 was 604.84.

The historical rank and industry rank for Genetic Signatures's Days Inventory or its related term are showing as below:

ASX:GSS' s Days Inventory Range Over the Past 10 Years
Min: 176.49 Med: 360.87 Max: 545.81
Current: 545.81

During the past 9 years, Genetic Signatures's highest Days Inventory was 545.81. The lowest was 176.49. And the median was 360.87.

ASX:GSS's Days Inventory is ranked worse than
97.87% of 188 companies
in the Medical Diagnostics & Research industry
Industry Median: 65.99 vs ASX:GSS: 545.81

Genetic Signatures's Days Inventory increased from Dec. 2022 (419.04) to Dec. 2023 (604.84). It might indicate that Genetic Signatures's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Genetic Signatures's Inventory Turnover for the six months ended in Dec. 2023 was 0.30.

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. Genetic Signatures's Inventory-to-Revenue for the six months ended in Dec. 2023 was 2.34.

Genetic Signatures Days Inventory Historical Data

The historical data trend for Genetic Signatures'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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Genetic Signatures Days Inventory Chart

Genetic Signatures Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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274.40

364.83

360.87

340.01

432.63

Genetic Signatures Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial													264.85	323.30	419.04	495.02	604.84

Competitive Comparison of Genetic Signatures's Days Inventory

For the Diagnostics & Research subindustry, Genetic Signatures'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.

Genetic Signatures's Days Inventory Distribution in the Medical Diagnostics & Research Industry

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

* The bar in red indicates where Genetic Signatures's Days Inventory falls into.

Genetic Signatures Days Inventory Calculation

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

Genetic Signatures'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
=	( (10.202	+	8.753)	/	2 )	/	7.996	*	365
=	9.4775					/	7.996	*	365
=	432.63

Genetic Signatures'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
=	( (8.753	+	8.103)	/	2 )	/	2.543	*	365 / 2
=	8.428					/	2.543	*	365 / 2
=	604.84

Genetic Signatures (ASX:GSS) 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.

Genetic Signatures's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.543	/	8.428
	=	0.30

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.

Genetic Signatures's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.428	/	3.604
	=	2.34

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.

Genetic Signatures Days Inventory Related Terms

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

Genetic Signatures (ASX:GSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Genetic Signatures Ltd (ASX:GSS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Eliza Street, Newtown, Sydney, NSW, AUS, 2042

Website

https://www.geneticsignatures.com

Genetic Signatures Ltd proprietary PCR solutions and automated workflows routinely screen for multiple infectious diseases in a single test. Rapid and accurate results facilitate improved patient management and healthcare outcomes. GSS continues to expand its global reach with direct representation in Australia, Europe, and the United States, and growing distribution partnerships. The company operates under one business segment which is the research and commercialisation of identifying individual genetic signatures to diagnose diseases and disabilities.