CareView Communications (CareView Communications) Days Inventory : 30.63 (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is CareView Communications Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CareView Communications's Average Total Inventories for the three months ended in Dec. 2023 was $0.26 Mil. CareView Communications's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.79 Mil. Hence, CareView Communications's Days Inventory for the three months ended in Dec. 2023 was 30.63.

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

CRVW' s Days Inventory Range Over the Past 10 Years
Min: 29.22 Med: 46.61 Max: 53.88
Current: 29.22

During the past 13 years, CareView Communications's highest Days Inventory was 53.88. The lowest was 29.22. And the median was 46.61.

CRVW's Days Inventory is ranked better than
53.62% of 470 companies
in the Healthcare Providers & Services industry
Industry Median: 32.305 vs CRVW: 29.22

CareView Communications's Days Inventory declined from Dec. 2022 (51.11) to Dec. 2023 (30.63).

Inventory Turnover measures how fast the company turns over its inventory within a year. CareView Communications's Inventory Turnover for the three months ended in Dec. 2023 was 2.98.

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. CareView Communications's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.15.

CareView Communications Days Inventory Historical Data

The historical data trend for CareView Communications'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.

CareView Communications Days Inventory Chart

CareView Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

53.88

49.64

43.58

34.43

CareView Communications Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															51.11	36.34	20.04	27.03	30.63

Competitive Comparison of CareView Communications's Days Inventory

For the Health Information Services subindustry, CareView Communications'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.

CareView Communications's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, CareView Communications's Days Inventory distribution charts can be found below:

* The bar in red indicates where CareView Communications's Days Inventory falls into.

CareView Communications Days Inventory Calculation

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

CareView Communications'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
=	( (0.301	+	0.294)	/	2 )	/	3.154	*	365
=	0.2975					/	3.154	*	365
=	34.43

CareView Communications'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
=	( (0.233	+	0.294)	/	2 )	/	0.785	*	365 / 4
=	0.2635					/	0.785	*	365 / 4
=	30.63

CareView Communications (OTCPK:CRVW) 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.

CareView Communications's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.785	/	0.2635
	=	2.98

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.

CareView Communications's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2635	/	1.767
	=	0.15

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.

CareView Communications Days Inventory Related Terms

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

CareView Communications (CareView Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CareView Communications Inc (OTCPK:CRVW) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

405 State Highway 121 Bypass, Suite B-240, Lewisville, TX, USA, 75067

Website

https://www.care-view.com

CareView Communications Inc is a United States-based company engaged in providing products and on-demand application services for the healthcare industry, specializing in bedside video monitoring, software tools to improve hospital communications and operations, and patient education and entertainment packages. It has developed a data network system called CareView System, which is a suite of video monitoring, guest services, and related applications that connect patients, families, and healthcare providers. The company also provides services to increase patient satisfaction scores and enhance the overall image of the hospital, including on-demand movies and video visits.

Executives

James R Higgins	director	405 HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
L. Allen Wheeler	director, 10 percent owner	515 GILL FARRELL, DURANT OK 74701
Stephen G Johnson	director, 10 percent owner, officer: President and COO	804 TREE HAVEN CT., HIGHLAND VILLAGE TX 75077
Steven B Epstein	director
Jon E Freeman	officer: Chief Financial Officer	405 STATE HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
David Richard White	director	405 STATE HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
Jason T Thompson	director	405 HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
Sandra K Mcree	officer: COO	405 HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
Anthony P Piccin	officer: Chief Financial Officer	3704 EVERTON DRIVE, FLOWER MOUND TX 75022
Gerald L Murphy	director	PO BOX 4696, TULSA OK 74159
Jeffrey C Lightcap	director, 10 percent owner	152 W 57TH STREET 43RD FLOOR, NEW YORK NY 10019
Healthcor Partners Lp	director, 10 percent owner	152 W 57TH STREET 43RD FLOOR, NEW YORK NY 10019
Healthcor Partners Fund Lp	director, 10 percent owner	Carnegie Hall Tower, 152 West 57th Street, 47th Floor, New York NY 10019
Healthcor Partners Management Gp, Llc	director, 10 percent owner	152 W 57TH STREET 43RD FLOOR, NEW YORK NY 10019
Healthcor Partners Management Lp	director, 10 percent owner	701 EAST BAY STREET, SUITE 516, CHARLESTON SC 29403

CareView Communications (CareView Communications) Headlines

No Headlines