The historical rank and industry rank for The Spectranetics's Days Inventory or its related term are showing as below:
SPNC's Days Inventory is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 186.925 * Ranked among companies with meaningful Days Inventory only.
The Spectranetics's Days Inventory
increased
from Jun. 2016 (139.66) to Jun. 2017 (144.24).
It might indicate that The Spectranetics's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
The Spectranetics's Inventory Turnover for the
three
months ended in Jun. 2017 was 0.63.
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.
The Spectranetics's Inventory-to-Revenue for the
three
months ended in Jun. 2017 was 0.39.
The Spectranetics Days Inventory Historical Data
The historical data trend for The Spectranetics'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 The Spectranetics's Days Inventory
For the Medical Devices subindustry, The Spectranetics'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.
The Spectranetics's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, The Spectranetics's Days Inventory distribution charts can be found below:
* The bar in red indicates where The Spectranetics's Days Inventory falls into.
The Spectranetics Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
The Spectranetics's Days Inventory for the fiscal year that ended in Dec. 2016 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.
The Spectranetics (NAS:SPNC) 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.
The Spectranetics's Inventory Turnover for the
three
months ended in Jun. 2017 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.
The Spectranetics's Inventory to Revenue for the
three
months ended in Jun. 2017 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.
The Spectranetics Days Inventory Related Terms
Thank you for viewing the detailed overview of The Spectranetics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
The Spectranetics (The Spectranetics) Business Description
Spectranetics manufactures and sells single-use medical devices used in minimally invasive cardiovascular procedures. The firm operates in the three categories: vascular intervention, lead management, and laser, service, and other. The vascular intervention business contributes the majority of revenue and sells laser and aspiration catheters, balloon catheters, and support catheters. The lead management business sells devices used to remove pacemaker and defibrillator cardiac leads. The laser, service, and other business includes a laser system for cardiovascular procedures. Spectranetics generates the vast majority of its revenue in the United States.
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