Days Inventory is also known as Days Sales of Inventory (DSI). Steris's Average Total Inventories for the
three
months ended in Dec. 2023 was $838 Mil. Steris's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $793 Mil.
Hence, Steris's Days Inventory for the
three
months ended in Dec. 2023 was 96.46.
The historical rank and industry rank for Steris's Days Inventory or its related term are showing as below:
STE'
s Days Inventory Range Over the Past 10 Years
Min: 44.93 Med: 51.96 Max: 91.81
Current: 91.81
During the past 13 years, Steris's highest Days Inventory was 91.81. The lowest was 44.93. And the median was 51.96.
STE's Days Inventory is ranked better than 85.46% of 777
companies
in the Medical Devices & Instruments industry
Industry Median: 187.06
vs STE: 91.81
Steris's Days Inventory
increased
from Dec. 2022 (87.98) to Dec. 2023 (96.46).
It might indicate that Steris's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Steris's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.95.
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.
Steris's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.60.
Steris Days Inventory Historical Data
The historical data trend for Steris'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.
Steris Annual Data
Trend
Mar14
Mar15
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
Mar23
Days Inventory
47.01
50.33
59.85
63.24
82.86
Steris Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
87.98
79.59
93.96
96.87
96.46
Competitive Comparison
For the Medical Devices subindustry, Steris'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.
Steris Days Inventory Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Steris's Days Inventory distribution charts can be found below:
* The bar in red indicates where Steris's Days Inventory falls into.
Steris Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Steris's Days Inventory for the fiscal year that ended in Mar. 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.
Steris (NYSE:STE) 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.
Steris'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.
Steris'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.
Steris Days Inventory Related Terms
Thank you for viewing the detailed overview of Steris's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Steris is an Ireland-domiciled medical device company focused on sterilization services and infection prevention. The company is the global leader in contract sterilization services, ensuring the safe delivery of single-use and implantable medical equipment to hospitals around the world. Additionally, Steris sells sterilizers, washer-disinfectors, and other decontamination equipment and supplies for use by care provider facilities and in biopharma manufacturing sites. Domiciled in the United States before its 2015 inversion to Ireland, the firm continues to derive roughly 70% of revenue from its U.S. operations, 10% from the United Kingdom, and the remaining 20% from other international regions.
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