Days Inventory is also known as Days Sales of Inventory (DSI). Align Technology's Average Total Inventories for the
three
months ended in Dec. 2023 was $297 Mil. Align Technology's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $287 Mil.
Hence, Align Technology's Days Inventory for the
three
months ended in Dec. 2023 was 94.22.
The historical rank and industry rank for Align Technology's Days Inventory or its related term are showing as below:
ALGN'
s Days Inventory Range Over the Past 10 Years
Min: 29.78 Med: 39.16 Max: 100.4
Current: 98.34
During the past 13 years, Align Technology's highest Days Inventory was 100.40. The lowest was 29.78. And the median was 39.16.
ALGN's Days Inventory is ranked better than 83.89% of 776
companies
in the Medical Devices & Instruments industry
Industry Median: 186.925
vs ALGN: 98.34
Align Technology's Days Inventory
declined
from Dec. 2022 (106.04) to Dec. 2023 (94.22).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Align Technology's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.97.
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.
Align Technology's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.31.
Align Technology Days Inventory Historical Data
The historical data trend for Align Technology'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.
Competitive Comparison of Align Technology's Days Inventory
For the Medical Devices subindustry, Align Technology'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.
Align Technology's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Align Technology's Days Inventory distribution charts can be found below:
* The bar in red indicates where Align Technology's Days Inventory falls into.
Align Technology Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Align Technology's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Align Technology (NAS:ALGN) 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.
Align Technology's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Align Technology's Inventory to Revenue for the
three
months ended in Dec. 2023 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.
Align Technology Days Inventory Related Terms
Thank you for viewing the detailed overview of Align Technology's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Align Technology (Align Technology) Business Description
Align Technology is the leading manufacturer of clear aligners. Invisalign, its main product, was approved by the FDA in 1998, and it has since dominated, controlling over 90% of the market. Invisalign can treat roughly 90% of all malocclusion cases (misaligned teeth), and there are over 230,000 Invisalign-trained dentists and orthodontists. In 2022, Invisalign treated over 2 million cases, or roughly 10% of all orthodontic cases for the year, and it has treated over 14 million patients since its launch. Align also sells intraoral scanners under the brand iTero, which captures digital impressions of patients' teeth and illustrates treatment plans. Over 85% of Invisalign cases are submitted by digital scans and iTero scans make up over half of these scans.
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