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Innovent Biologics (HKSE:01801) Days Inventory : 327.66 (As of Dec. 2023)


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What is Innovent Biologics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Innovent Biologics's Average Total Inventories for the six months ended in Dec. 2023 was HK$1,240 Mil. Innovent Biologics's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$691 Mil. Hence, Innovent Biologics's Days Inventory for the six months ended in Dec. 2023 was 327.66.

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

HKSE:01801' s Days Inventory Range Over the Past 10 Years
Min: 389.8   Med: 569.68   Max: 733.27
Current: 399.07

During the past 8 years, Innovent Biologics's highest Days Inventory was 733.27. The lowest was 389.80. And the median was 569.68.

HKSE:01801's Days Inventory is ranked worse than
77.23% of 650 companies
in the Biotechnology industry
Industry Median: 190.305 vs HKSE:01801: 399.07

Innovent Biologics's Days Inventory declined from Dec. 2022 (591.67) to Dec. 2023 (327.66).

Inventory Turnover measures how fast the company turns over its inventory within a year. Innovent Biologics's Inventory Turnover for the six 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. Innovent Biologics's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.32.


Innovent Biologics Days Inventory Historical Data

The historical data trend for Innovent Biologics'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.

Innovent Biologics Days Inventory Chart

Innovent Biologics Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 622.71 490.54 733.27 569.68 389.80

Innovent Biologics Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 770.00 558.16 591.67 498.89 327.66

Competitive Comparison of Innovent Biologics's Days Inventory

For the Biotechnology subindustry, Innovent Biologics'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.


Innovent Biologics's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Innovent Biologics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Innovent Biologics's Days Inventory falls into.



Innovent Biologics Days Inventory Calculation

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

Innovent Biologics'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
=( (1595.654 + 1058.874) / 2 ) / 1242.823*365
=1327.264 / 1242.823*365
=389.80

Innovent Biologics'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
=( (1421.944 + 1058.874) / 2 ) / 690.887*365 / 2
=1240.409 / 690.887*365 / 2
=327.66

* 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.


Innovent Biologics  (HKSE:01801) 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.

Innovent Biologics's Inventory Turnover for the six 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.

Innovent Biologics's Inventory to Revenue for the six 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.


Innovent Biologics Days Inventory Related Terms

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


Innovent Biologics (HKSE:01801) Business Description

Traded in Other Exchanges
Address
168 Dongping Street, Suzhou Industrial Park, Jiangsu, Suzhou, CHN, 215123
Innovent Biologics, or Innovent, is one of the leading biotechnology companies in China. Listed on the Hong Kong Exchange in 2018, Innovent has eight commercialized oncology products and two commercialized non-oncology products as of August 2023. Its core asset is Tyvyt, a PD-1 inhibitor included in the National Reimbursement Drug Lists for the first-line treatment of five major cancers. Innovent has over 30 strategic collaborations with global pharmaceutical or biotech companies, such as Eli Lilly, Roche Group, Incyte, and others. It also has a wide spectrum of therapeutic targets in early clinical developments. Among its upcoming pipelines, the potential blockbuster is Mazdutide, a therapy for obesity and type 2 diabetes.

Innovent Biologics (HKSE:01801) Headlines

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