Ginkgo Bioworks Holdings (Ginkgo Bioworks Holdings) Days Inventory : 0.80 (As of Dec. 2023)

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What is Ginkgo Bioworks Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ginkgo Bioworks Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $0.06 Mil. Ginkgo Bioworks Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.61 Mil. Hence, Ginkgo Bioworks Holdings's Days Inventory for the three months ended in Dec. 2023 was 0.80.

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

DNA.WS' s Days Inventory Range Over the Past 10 Years
Min: 6.9 Med: 11.74 Max: 63.97
Current: 9.98

During the past 5 years, Ginkgo Bioworks Holdings's highest Days Inventory was 63.97. The lowest was 6.90. And the median was 11.74.

DNA.WS's Days Inventory is ranked better than
96.31% of 650 companies
in the Biotechnology industry
Industry Median: 190.305 vs DNA.WS: 9.98

Ginkgo Bioworks Holdings's Days Inventory declined from Dec. 2022 (15.44) to Dec. 2023 (0.80).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ginkgo Bioworks Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 113.98.

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. Ginkgo Bioworks Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Ginkgo Bioworks Holdings Days Inventory Historical Data

The historical data trend for Ginkgo Bioworks 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.

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Ginkgo Bioworks Holdings Days Inventory Chart

Ginkgo Bioworks Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

63.97

8.58

6.90

14.90

Ginkgo Bioworks Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial										15.44	14.01	7.31	3.04	0.80

Competitive Comparison of Ginkgo Bioworks Holdings's Days Inventory

For the Biotechnology subindustry, Ginkgo Bioworks 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.

Ginkgo Bioworks Holdings's Days Inventory Distribution in the Biotechnology Industry

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

* The bar in red indicates where Ginkgo Bioworks Holdings's Days Inventory falls into.

Ginkgo Bioworks Holdings Days Inventory Calculation

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

Ginkgo Bioworks Holdings'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
=	( (4.364	+	0.046)	/	2 )	/	54.005	*	365
=	2.205					/	54.005	*	365
=	14.90

Ginkgo Bioworks 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.07	+	0.046)	/	2 )	/	6.611	*	365 / 4
=	0.058					/	6.611	*	365 / 4
=	0.80

Ginkgo Bioworks Holdings (NYSE:DNA.WS) 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.

Ginkgo Bioworks Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.611	/	0.058
	=	113.98

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.

Ginkgo Bioworks Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.058	/	34.755
	=	0.00

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.

Ginkgo Bioworks Holdings Days Inventory Related Terms

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Ginkgo Bioworks Holdings (Ginkgo Bioworks Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Ginkgo Bioworks Holdings Inc (NYSE:DNA.WS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

DNA:USA DNA:Mexico

Address

27 Drydock Avenue, 8th Floor, Boston, MA, USA, 02210

Website

https://www.ginkgobioworks.com

Ginkgo Bioworks Holdings Inc is the platform for cell programming, providing flexible, end-to-end services that solve challenges for organizations across diverse markets, from food and agriculture to pharmaceuticals to industrial and specialty chemicals. The Company reorganized its operations into two operating and reportable segments: Foundry and Biosecurity. The Biosecurity segment generates the majority of revenue.