The historical rank and industry rank for BioNexus Gene Lab's Days Inventory or its related term are showing as below:
BGLC'
s Days Inventory Range Over the Past 10 Years
Min: 22.35 Med: 45.06 Max: 59.12
Current: 45.75
During the past 6 years, BioNexus Gene Lab's highest Days Inventory was 59.12. The lowest was 22.35. And the median was 45.06.
BGLC's Days Inventory is ranked better than 80.42% of 1491
companies
in the Chemicals industry
Industry Median: 83.31
vs BGLC: 45.75
BioNexus Gene Lab's Days Inventory
increased
from Dec. 2022 (37.84) to Dec. 2023 (51.08).
It might indicate that BioNexus Gene Lab's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
BioNexus Gene Lab's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.79.
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.
BioNexus Gene Lab's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.49.
BioNexus Gene Lab Days Inventory Historical Data
The historical data trend for BioNexus Gene Lab'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 BioNexus Gene Lab's Days Inventory
For the Specialty Chemicals subindustry, BioNexus Gene Lab'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.
BioNexus Gene Lab's Days Inventory Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, BioNexus Gene Lab's Days Inventory distribution charts can be found below:
* The bar in red indicates where BioNexus Gene Lab's Days Inventory falls into.
BioNexus Gene Lab Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
BioNexus Gene Lab's Days Inventory for the fiscal year that ended in Dec. 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.
BioNexus Gene Lab (NAS:BGLC) 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.
BioNexus Gene Lab's Inventory Turnover for the
three
months ended in Dec. 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.
BioNexus Gene Lab's Inventory to Revenue for the
three
months ended in Dec. 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.
BioNexus Gene Lab Days Inventory Related Terms
Thank you for viewing the detailed overview of BioNexus Gene Lab's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
BioNexus Gene Lab (BioNexus Gene Lab) Business Description
BioNexus Gene Lab Corp is an emerging molecular diagnostics company focused on the application of functional genomics to enable early diagnosis and personalized health management. It focuses on developing and marketing safe, effective, and non-invasive blood tests for the early detection of diseases. The company's non-invasive blood tests analyze changes in ribonucleic acid (or RNA) to detect the potentiality of 11 different diseases. These diseases include eight cancers (nasopharyngeal, lung, liver, stomach, breast, cervical, prostate, and colon), two bowel diseases (colitis and Crohn), and osteoarthritis.
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