Days Inventory is also known as Days Sales of Inventory (DSI). Retractable Technologies's Average Total Inventories for the
three
months ended in Dec. 2023 was $20.02 Mil. Retractable Technologies's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $12.75 Mil.
Hence, Retractable Technologies's Days Inventory for the
three
months ended in Dec. 2023 was 143.32.
The historical rank and industry rank for Retractable Technologies's Days Inventory or its related term are showing as below:
RVP'
s Days Inventory Range Over the Past 10 Years
Min: 60.47 Med: 102.16 Max: 219.6
Current: 219.6
During the past 13 years, Retractable Technologies's highest Days Inventory was 219.60. The lowest was 60.47. And the median was 102.16.
RVP's Days Inventory is ranked worse than 59.15% of 776
companies
in the Medical Devices & Instruments industry
Industry Median: 186.925
vs RVP: 219.60
Retractable Technologies's Days Inventory
declined
from Dec. 2022 (213.52) to Dec. 2023 (143.32).
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Retractable Technologies's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.64.
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.
Retractable Technologies's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.40.
Retractable Technologies Days Inventory Historical Data
The historical data trend for Retractable Technologies'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 Retractable Technologies's Days Inventory
For the Medical Instruments & Supplies subindustry, Retractable Technologies'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.
Retractable Technologies's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Retractable Technologies's Days Inventory distribution charts can be found below:
* The bar in red indicates where Retractable Technologies's Days Inventory falls into.
Retractable Technologies Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Retractable Technologies'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.
Retractable Technologies (AMEX:RVP) 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.
Retractable Technologies'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.
Retractable Technologies'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.
Retractable Technologies Days Inventory Related Terms
Thank you for viewing the detailed overview of Retractable Technologies's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Retractable Technologies (Retractable Technologies) Business Description
Retractable Technologies Inc designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession. The company's products are the VanishPoint 0.5mL insulin syringe; 1mL tuberculin, insulin, and allergy antigen syringes; 0.5mL, 1mL, 2mL, 3mL, 5mL, and 10mL syringes; the small diameter tube adapter; the blood collection tube holder; the allergy tray; the IV safety catheter; the Patient Safe syringes; the Patient Safe Luer Cap; the VanishPoint Blood Collection Set; and the EasyPoint needle, as well as a standard 3mL syringe packaged with an EasyPoint needle. The company also sells VanishPoint autodisable syringes in the international market in addition to its other products.
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