Days Inventory is also known as Days Sales of Inventory (DSI). Luminex's Average Total Inventories for the
three
months ended in Mar. 2021 was $127.6 Mil. Luminex's Cost of Goods Sold for the
three
months ended in Mar. 2021 was $44.2 Mil.
Hence, Luminex's Days Inventory for the
three
months ended in Mar. 2021 was 263.29.
The historical rank and industry rank for Luminex's Days Inventory or its related term are showing as below:
LMNX'
s Days Inventory Range Over the Past 10 Years
Min: 142.49 Med: 166.22 Max: 227.18
Current: 227.18
During the past 13 years, Luminex's highest Days Inventory was 227.18. The lowest was 142.49. And the median was 166.22.
LMNX's Days Inventory is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 189.595
vs LMNX: 227.18
Luminex's Days Inventory
increased
from Mar. 2020 (177.23) to Mar. 2021 (263.29).
It might indicate that Luminex's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Luminex's Inventory Turnover for the
three
months ended in Mar. 2021 was 0.35.
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.
Luminex's Inventory-to-Revenue for the
three
months ended in Mar. 2021 was 1.15.
Luminex Days Inventory Historical Data
The historical data trend for Luminex'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 Luminex's Days Inventory
For the Medical Instruments & Supplies subindustry, Luminex'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.
Luminex's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Luminex's Days Inventory distribution charts can be found below:
* The bar in red indicates where Luminex's Days Inventory falls into.
Luminex Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Luminex's Days Inventory for the fiscal year that ended in Dec. 2020 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.
Luminex (NAS:LMNX) 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.
Luminex's Inventory Turnover for the
three
months ended in Mar. 2021 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.
Luminex's Inventory to Revenue for the
three
months ended in Mar. 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.
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.
Luminex Days Inventory Related Terms
Thank you for viewing the detailed overview of Luminex's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Luminex Corp develops, manufactures, and sells proprietary biological testing technologies and products to testing laboratories. It primarily serves the life sciences industries by selling products used by laboratory professionals and clinical laboratories in performing diagnostics, drug research and discovery, and clinical tests on patients. Luminex's market segments mainly include Infectious disease, Personalized medicine, and Human genetics. It offers various solutions in diverse markets, including clinical diagnostics, pharmaceutical drug discovery, biomedical research, genomic and proteomic research, and food safety. The vast majority of the company's revenue is earned in the United States. The products offered are xMAP Products, ARIES Products and VERIGENE Products, among others.
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