Days Inventory is also known as Days Sales of Inventory (DSI). Cerner's Average Total Inventories for the
three
months ended in Mar. 2022 was $28 Mil. Cerner's Cost of Goods Sold for the
three
months ended in Mar. 2022 was $244 Mil.
Hence, Cerner's Days Inventory for the
three
months ended in Mar. 2022 was 10.45.
The historical rank and industry rank for Cerner's Days Inventory or its related term are showing as below:
CERN'
s Days Inventory Range Over the Past 10 Years
Min: 6.57 Med: 8.06 Max: 18.88
Current: 9.68
During the past 13 years, Cerner's highest Days Inventory was 18.88. The lowest was 6.57. And the median was 8.06.
Cerner's Days Inventory
declined
from Mar. 2021 (10.58) to Mar. 2022 (10.45).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Cerner's Inventory Turnover for the
three
months ended in Mar. 2022 was 8.73.
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.
Cerner's Inventory-to-Revenue for the
three
months ended in Mar. 2022 was 0.02.
Cerner Days Inventory Historical Data
The historical data trend for Cerner'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.
For the Health Information Services subindustry, Cerner'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.
Cerner's Days Inventory Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Cerner's Days Inventory distribution charts can be found below:
* The bar in red indicates where Cerner's Days Inventory falls into.
Cerner Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Cerner's Days Inventory for the fiscal year that ended in Dec. 2021 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.
Cerner (NAS:CERN) 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.
Cerner's Inventory Turnover for the
three
months ended in Mar. 2022 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.
Cerner's Inventory to Revenue for the
three
months ended in Mar. 2022 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.
Cerner Days Inventory Related Terms
Thank you for viewing the detailed overview of Cerner's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Cerner is a leading supplier of healthcare information technology solutions and tech-enabled services. The company is a long-standing market leader in the electronic health record industry, and along with rival Epic Systems corners a majority of the market for acute care EHR within health systems. The company is guided by the mission of the founding partners to provide seamless medical records across all healthcare providers to improve outcomes. Beyond medical records, the company offers a wide range of technology that supports the clinical, financial, and operational needs of healthcare facilities.
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