Biome Technologies (LSE:BIOM) Days Inventory : 60.96 (As of Dec. 2023)

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What is Biome Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Biome Technologies's Average Total Inventories for the six months ended in Dec. 2023 was £0.75 Mil. Biome Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was £2.25 Mil. Hence, Biome Technologies's Days Inventory for the six months ended in Dec. 2023 was 60.96.

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

LSE:BIOM' s Days Inventory Range Over the Past 10 Years
Min: 52.93 Med: 78.73 Max: 145.3
Current: 57.8

During the past 13 years, Biome Technologies's highest Days Inventory was 145.30. The lowest was 52.93. And the median was 78.73.

LSE:BIOM's Days Inventory is ranked better than
69.99% of 1493 companies
in the Chemicals industry
Industry Median: 82.8 vs LSE:BIOM: 57.80

Biome Technologies's Days Inventory declined from Dec. 2022 (90.97) to Dec. 2023 (60.96).

Inventory Turnover measures how fast the company turns over its inventory within a year. Biome Technologies's Inventory Turnover for the six months ended in Dec. 2023 was 2.99.

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. Biome Technologies's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.22.

Biome Technologies Days Inventory Historical Data

The historical data trend for Biome Technologies'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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Biome Technologies Days Inventory Chart

Biome Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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70.07

58.93

80.14

78.36

52.93

Biome Technologies Semi-Annual Data
	Jun14	Dec14	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															93.99	144.41	90.97	59.57	60.96

Competitive Comparison of Biome Technologies's Days Inventory

For the Specialty Chemicals subindustry, Biome Technologies'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.

Biome Technologies's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Biome Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Biome Technologies's Days Inventory falls into.

Biome Technologies Days Inventory Calculation

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

Biome Technologies'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
=	( (0.736	+	0.631)	/	2 )	/	4.713	*	365
=	0.6835					/	4.713	*	365
=	52.93

Biome Technologies'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
=	( (0.872	+	0.631)	/	2 )	/	2.25	*	365 / 2
=	0.7515					/	2.25	*	365 / 2
=	60.96

Biome Technologies (LSE:BIOM) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.25	/	0.7515
	=	2.99

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.7515	/	3.407
	=	0.22

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.

Biome Technologies Days Inventory Related Terms

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

Biome Technologies (LSE:BIOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Biome Technologies PLC (LSE:BIOM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

BIOM.GB:UK

Address

Starpol Technology Centre, North Road, Marchwood, Southampton, Hampshire, GBR, SO40 4BL

Website

https://www.biometechnologiesplc.com

Biome Technologies PLC is an innovator and supplier of biodegradable natural polymers. The company operates in two areas, Bioplastics Division produces bio-degradable products capable of replacing conventional oil-based plastics and has diverse applications including flexible films, moulded products, extruded sheets, and food wraps, and the Radio Frequency Division designing and installing specialist Radio Frequency furnaces, welders, and induction equipment. The majority of the revenues are earned from the Bioplastics segment.

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