Sonova Holding AG (Sonova Holding AG) Days Inventory

: 150.54 (As of Sep. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Sonova Holding AG's Average Total Inventories for the six months ended in Sep. 2023 was $460 Mil. Sonova Holding AG's Cost of Goods Sold for the six months ended in Sep. 2023 was $557 Mil. Hence, Sonova Holding AG's Days Inventory for the six months ended in Sep. 2023 was 150.54.

The historical rank and industry rank for Sonova Holding AG's Days Inventory or its related term are showing as below:

SONVF' s Days Inventory Range Over the Past 10 Years
Min: 119.91 Med: 125.55 Max: 147.77
Current: 147.77

During the past 13 years, Sonova Holding AG's highest Days Inventory was 147.77. The lowest was 119.91. And the median was 125.55.

SONVF's Days Inventory is ranked better than
65.16% of 775 companies
in the Medical Devices & Instruments industry
Industry Median: 186.73 vs SONVF: 147.77

Sonova Holding AG's Days Inventory increased from Sep. 2022 (138.73) to Sep. 2023 (150.54). It might indicate that Sonova Holding AG's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sonova Holding AG's Inventory Turnover for the six months ended in Sep. 2023 was 1.21.

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. Sonova Holding AG's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.24.

Sonova Holding AG Days Inventory Historical Data

The historical data trend for Sonova Holding AG'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.

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Sonova Holding AG Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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128.52

117.36

140.19

144.45

137.59

Sonova Holding AG Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial															133.13	138.60	138.73	139.38	150.54

Competitive Comparison

For the Medical Devices subindustry, Sonova Holding AG'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.

Sonova Holding AG Days Inventory Distribution

For the Medical Devices & Instruments industry and Healthcare sector, Sonova Holding AG's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sonova Holding AG's Days Inventory falls into.

Sonova Holding AG Days Inventory Calculation

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

Sonova Holding AG's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (444.05	+	452.836)	/	2 )	/	1189.627	*	365
=	448.443					/	1189.627	*	365
=	137.59

Sonova Holding AG's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (452.836	+	466.652)	/	2 )	/	557.359	*	365 / 2
=	459.744					/	557.359	*	365 / 2
=	150.54

Sonova Holding AG (OTCPK:SONVF) 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.

Sonova Holding AG's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	557.359	/	459.744
	=	1.21

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.

Sonova Holding AG's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	459.744	/	1948.644
	=	0.24

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.

Sonova Holding AG Days Inventory Related Terms

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Sonova Holding AG (Sonova Holding AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sonova Holding AG (OTCPK:SONVF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SONVY:USA SOONz:UK 0QPY:UK PHBA:Germany SOON:Switzerland

Address

Laubisrutistrasse 28, Stafa, CHE, CH-8712

Website

https://www.sonova.com

Sonova is one of the world's largest manufacturers and distributors of hearing aids. The company is based in Switzerland and distributes its products in more than 100 countries through its internal sales team and independent retailers. It also sells cochlear implants through its advanced bionics subsidiary and recently acquired Sennheiser's consumer division to expand into audio technologies.