Burning Rock Biotech (Burning Rock Biotech) Days Inventory : 163.17 (As of Dec. 2023)

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What is Burning Rock Biotech Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Burning Rock Biotech's Average Total Inventories for the three months ended in Dec. 2023 was $10.76 Mil. Burning Rock Biotech's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.02 Mil. Hence, Burning Rock Biotech's Days Inventory for the three months ended in Dec. 2023 was 163.17.

The historical rank and industry rank for Burning Rock Biotech's Days Inventory or its related term are showing as below:

BNR' s Days Inventory Range Over the Past 10 Years
Min: 182.07 Med: 226.36 Max: 264.18
Current: 211.58

During the past 7 years, Burning Rock Biotech's highest Days Inventory was 264.18. The lowest was 182.07. And the median was 226.36.

BNR's Days Inventory is ranked worse than
87.23% of 188 companies
in the Medical Diagnostics & Research industry
Industry Median: 66.36 vs BNR: 211.58

Burning Rock Biotech's Days Inventory declined from Dec. 2022 (311.49) to Dec. 2023 (163.17).

Inventory Turnover measures how fast the company turns over its inventory within a year. Burning Rock Biotech's Inventory Turnover for the three months ended in Dec. 2023 was 0.56.

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. Burning Rock Biotech's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.63.

Burning Rock Biotech Days Inventory Historical Data

The historical data trend for Burning Rock Biotech'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.

Burning Rock Biotech Days Inventory Chart

Burning Rock Biotech Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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182.07

192.30

240.59

264.18

212.13

Burning Rock Biotech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															311.49	253.14	218.96	208.23	163.17

Competitive Comparison of Burning Rock Biotech's Days Inventory

For the Diagnostics & Research subindustry, Burning Rock Biotech'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.

Burning Rock Biotech's Days Inventory Distribution in the Medical Diagnostics & Research Industry

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

* The bar in red indicates where Burning Rock Biotech's Days Inventory falls into.

Burning Rock Biotech Days Inventory Calculation

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

Burning Rock Biotech's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (18.693	+	9.666)	/	2 )	/	24.398	*	365
=	14.1795					/	24.398	*	365
=	212.13

Burning Rock Biotech'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (11.856	+	9.666)	/	2 )	/	6.018	*	365 / 4
=	10.761					/	6.018	*	365 / 4
=	163.17

Burning Rock Biotech (NAS:BNR) 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.

Burning Rock Biotech's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.018	/	10.761
	=	0.56

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.

Burning Rock Biotech's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.761	/	16.958
	=	0.63

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.

Burning Rock Biotech Days Inventory Related Terms

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

Burning Rock Biotech (Burning Rock Biotech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Burning Rock Biotech Ltd (NAS:BNR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

BNR:UK 6BUA:Germany

Address

No. 5, Xingdao Ring Road North, International Bio Island, Guangzhou, CHN, 510005

Website

https://www.brbiotech.com

Burning Rock Biotech Ltd is a cancer diagnostics company. Its products include OncoScreen Plus and ColonCore. The company has developed various cancer detection products, involving tumor targeting, differentiation of benign and malignant tumors, monitoring of small residual lesions, prediction of tumor recurrence progress, and detection of tumor sensitivity. It offers 12 NGS-based cancer therapy selection tests comprising a broad range of cancer types, including lung cancer, gastrointestinal cancer, prostate cancer, breast cancer, lymphomas, thyroid cancer, colorectal cancer, ovarian cancer, pancreatic cancer, and bladder cancer, using both tissue and liquid biopsy samples.