Fresh2 Group (Fresh2 Group) Days Inventory : 0.00 (As of Jun. 2023)

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What is Fresh2 Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fresh2 Group's Average Total Inventories for the three months ended in Jun. 2023 was $0.02 Mil. Fresh2 Group's Cost of Goods Sold for the three months ended in Jun. 2023 was $0.00 Mil.

The historical rank and industry rank for Fresh2 Group's Days Inventory or its related term are showing as below:

FRES' s Days Inventory Range Over the Past 10 Years
Min: 9.97 Med: 18.25 Max: 36.71
Current: 28.72

During the past 6 years, Fresh2 Group's highest Days Inventory was 36.71. The lowest was 9.97. And the median was 18.25.

FRES's Days Inventory is ranked better than
91.85% of 650 companies
in the Biotechnology industry
Industry Median: 191.14 vs FRES: 28.72

Fresh2 Group's Days Inventory declined from Mar. 2022 (47.61) to Jun. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Fresh2 Group's Inventory Turnover for the three months ended in Jun. 2023 was 0.00.

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.

Fresh2 Group Days Inventory Historical Data

The historical data trend for Fresh2 Group'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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Fresh2 Group Days Inventory Chart

Fresh2 Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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9.97

11.43

14.56

25.35

36.71

Fresh2 Group Quarterly Data
	Dec17	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial														47.61	-	11.85	57.03	-

Competitive Comparison of Fresh2 Group's Days Inventory

For the Biotechnology subindustry, Fresh2 Group'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.

Fresh2 Group's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Fresh2 Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Fresh2 Group's Days Inventory falls into.

Fresh2 Group Days Inventory Calculation

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

Fresh2 Group's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.077	+	0.03)	/	2 )	/	0.532	*	365
=	0.0535					/	0.532	*	365
=	36.71

Fresh2 Group's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.03	+	0.019)	/	2 )	/	0	*	365 / 4
=	0.0245					/	0	*	365 / 4
=	N/A

Fresh2 Group (NAS:FRES) 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.

Fresh2 Group's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	0.0245
	=	0.00

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.

Fresh2 Group's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0245	/	0
	=

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.

Fresh2 Group Days Inventory Related Terms

Thank you for viewing the detailed overview of Fresh2 Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Fresh2 Group (Fresh2 Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Fresh2 Group Ltd (NAS:FRES) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

0UC0:Germany

Address

650 5TH Avenue, Street 2416, NEW YORK, NY, USA, 10019-6108

Website

https://www.fresh2.co

Fresh2 Group Ltd is a biotechnology company. It focuses on early cancer screening and detection. The company markets and sells a multi-cancer screening and detection test that uses its innovative patented CDA technology and its proprietary CDA device. In addition to early cancer screening and detection, its CDA technology has demonstrated the potential to assist physicians in cancer diagnosis, prognosis, and recurrence.