Days Inventory is also known as Days Sales of Inventory (DSI). Waters's Average Total Inventories for the
three
months ended in Dec. 2023 was $530 Mil. Waters's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $318 Mil.
Hence, Waters's Days Inventory for the
three
months ended in Dec. 2023 was 152.00.
The historical rank and industry rank for Waters's Days Inventory or its related term are showing as below:
WAT'
s Days Inventory Range Over the Past 10 Years
Min: 102.7 Med: 109.33 Max: 155.9
Current: 155.9
During the past 13 years, Waters's highest Days Inventory was 155.90. The lowest was 102.70. And the median was 109.33.
WAT's Days Inventory is ranked worse than 77.08% of 192
companies
in the Medical Diagnostics & Research industry
Industry Median: 65.03
vs WAT: 155.90
Waters's Days Inventory
increased
from Dec. 2022 (117.66) to Dec. 2023 (152.00).
It might indicate that Waters's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Waters's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.60.
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.
Waters's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.65.
Waters Days Inventory Historical Data
The historical data trend for Waters'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 Diagnostics & Research subindustry, Waters'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.
Waters Days Inventory Distribution
For the Medical Diagnostics & Research industry and Healthcare sector, Waters's Days Inventory distribution charts can be found below:
* The bar in red indicates where Waters's Days Inventory falls into.
Waters Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Waters'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.
Waters (NYSE:WAT) 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.
Waters'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.
Waters'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.
Waters Days Inventory Related Terms
Thank you for viewing the detailed overview of Waters's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Water sells liquid chromatography, mass spectrometry, and thermal analysis tools. These analytical instruments provide essential information on various products, such as their molecular structures and physical properties, to help clients enhance the health and well-being of end users. As a percentage of sales in 2022, Waters generated 59% from pharmaceutical customers, 31% from industrial clients, and 10% from academic/government institutions.
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