60 Degrees Pharmaceuticals (60 Degrees Pharmaceuticals) Days Inventory : 330.24 (As of Dec. 2023)

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What is 60 Degrees Pharmaceuticals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). 60 Degrees Pharmaceuticals's Average Total Inventories for the three months ended in Dec. 2023 was $0.53 Mil. 60 Degrees Pharmaceuticals's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.15 Mil. Hence, 60 Degrees Pharmaceuticals's Days Inventory for the three months ended in Dec. 2023 was 330.24.

The historical rank and industry rank for 60 Degrees Pharmaceuticals's Days Inventory or its related term are showing as below:

SXTP' s Days Inventory Range Over the Past 10 Years
Min: 371.23 Med: 444.39 Max: 539.97
Current: 410.49

During the past 4 years, 60 Degrees Pharmaceuticals's highest Days Inventory was 539.97. The lowest was 371.23. And the median was 444.39.

SXTP's Days Inventory is ranked worse than
77.79% of 653 companies
in the Biotechnology industry
Industry Median: 190.92 vs SXTP: 410.49

60 Degrees Pharmaceuticals's Days Inventory declined from Dec. 2022 (348.21) to Dec. 2023 (330.24).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. 60 Degrees Pharmaceuticals's Inventory Turnover for the three months ended in Dec. 2023 was 0.28.

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. 60 Degrees Pharmaceuticals's Inventory-to-Revenue for the three months ended in Dec. 2023 was 4.22.

60 Degrees Pharmaceuticals Days Inventory Historical Data

The historical data trend for 60 Degrees Pharmaceuticals'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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60 Degrees Pharmaceuticals Days Inventory Chart

60 Degrees Pharmaceuticals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

539.97

371.23

510.32

378.45

60 Degrees Pharmaceuticals Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial						348.21	713.13	269.78	683.73	330.24

Competitive Comparison of 60 Degrees Pharmaceuticals's Days Inventory

For the Biotechnology subindustry, 60 Degrees Pharmaceuticals'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.

60 Degrees Pharmaceuticals's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, 60 Degrees Pharmaceuticals's Days Inventory distribution charts can be found below:

* The bar in red indicates where 60 Degrees Pharmaceuticals's Days Inventory falls into.

60 Degrees Pharmaceuticals Days Inventory Calculation

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

60 Degrees Pharmaceuticals'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
=	( (0.519	+	0.466)	/	2 )	/	0.475	*	365
=	0.4925					/	0.475	*	365
=	378.45

60 Degrees Pharmaceuticals'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
=	( (0.598	+	0.466)	/	2 )	/	0.147	*	365 / 4
=	0.532					/	0.147	*	365 / 4
=	330.24

60 Degrees Pharmaceuticals (NAS:SXTP) 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.

60 Degrees Pharmaceuticals's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.147	/	0.532
	=	0.28

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.

60 Degrees Pharmaceuticals's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.532	/	0.126
	=	4.22

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.

60 Degrees Pharmaceuticals Days Inventory Related Terms

Thank you for viewing the detailed overview of 60 Degrees Pharmaceuticals's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

60 Degrees Pharmaceuticals (60 Degrees Pharmaceuticals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » 60 Degrees Pharmaceuticals Inc (NAS:SXTP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1025 Connecticut Avenue NW, Suite 1000, Washington, D.C, WA, USA, 20036

Website

https://www.60degreespharma.com

60 Degrees Pharmaceuticals Inc operates as a specialty pharmaceutical company with the goal of using biological science and applied research to develop and commercialize new therapies for the prevention and treatment of infectious diseases. The firm's pipeline products under development cover development programs for COVID-19, fungal, tick-borne, and other viral diseases through Arakoda and Celgosivir.

Executives

Charles W Allen	director	1881 N. NASH STREET, UNIT 701, ARLINGTON VA 22209
Kentucky Technology Inc.	10 percent owner	824 BULL LEA RUN, SUITE 2100, LEXINGTON KY 40511
Cheryl Xu	director	1025 CONNECTICUT AVENUE NW, SUITE 1000, WASHINGTON DC 20036
Paul Field	director	1025 CONNECTICUT AVENUE NW, SUITE 1000, WASHINGTON DC 20036
Tyrone Miller	officer: Chief Financial Officer	1025 CONNECTICUT AVENUE NW, SUITE 1000, WASHINGTON DC 20036
Geoffrey S Dow	director, 10 percent owner, officer: CEO and President	1025 CONNECTICUT AVENUE NW, SUITE 1000, WASHINGTON DC 20036
Florida State University Research Foundation Inc.	10 percent owner	200 LEVY AVENUE, BUILDING A, SUITE 351, TALLAHASSEE FL 32310
Bryan Lee Smith	officer: Chief Medical Officer	1025 CONNECTICUT AVENUE NW, SUITE 1000, WASHINGTON DC 20036
Stephen Toovey	director	1025 CONNECTICUT AVENUE NW, SUITE 100, WASHINGTON DC 20036