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Wright Medical Group NV (NAS:WMGI)
Days Inventory
222.44 (As of Dec. 2015)

Wright Medical Group NV's average inventory for the three months ended in Dec. 2015 was $156.4 Mil. Wright Medical Group NV's cost of goods sold for the three months ended in Dec. 2015 was $64.2 Mil. Hence, Wright Medical Group NV's days inventory for the three months ended in Dec. 2015 was 222.44.

WMGI' s Days Inventory Range Over the Past 10 Years
Min: 371.11   Max: 530.83
Current: 348.84

371.11
530.83

During the past 8 years, Wright Medical Group NV's highest Days Inventory was 530.83. The lowest was 371.11. And the median was 428.02.

WMGI's Days Inventory is ranked lower than
88% of the 285 Companies
in the Global Medical Devices industry.

( Industry Median: 134.42 vs. WMGI: 348.84 )

Wright Medical Group NV's days inventory declined from Dec. 2014 (723.67) to Dec. 2015 (222.44).

Inventory can be measured by Days Sales of Inventory (DSI). Wright Medical Group NV's days sales of inventory (DSI) for the three months ended in Dec. 2015 was 84.34.

Inventory turnover measures how fast the company turns over its inventory within a year. Wright Medical Group NV's inventory turnover for the three months ended in Dec. 2015 was 0.41.

Inventory to revenue ratio 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. Wright Medical Group NV's inventory to revenue ratio for the three months ended in Dec. 2015 was 0.92.


Definition

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

Wright Medical Group NV's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as

Days Inventory (A: Dec. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2014 ) + Inventory (A: Dec. 2015 )) / 2 ) / COGS (A: Dec. 2015 )*Days in Period
=( (88.412 + 229.109) / 2 ) / 119.255*365
=158.7605 / 119.255*365
=485.91

Wright Medical Group NV's Days Inventory for the quarter that ended in Dec. 2015 is calculated as:

Days Inventory (Q: Dec. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Sep. 2015 ) + Inventory (Q: Dec. 2015 )) / 2 ) / COGS (Q: Dec. 2015 )*Days in Period
=( (83.668 + 229.109) / 2 ) / 64.155*365 / 4
=156.3885 / 64.155*365 / 4
=222.44

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

Wright Medical Group NV's Days Sales of Inventory for the three months ended in Dec. 2015 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=156.3885/169.204*365 / 4
=84.34

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Wright Medical Group NV's Inventory Turnover for the three months ended in Dec. 2015 is calculated as

3. 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.

Wright Medical Group NV's Inventory to Revenue for the three months ended in Dec. 2015 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=156.3885 / 169.204
=0.92

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Wright Medical Group NV Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 0.000.000.00428.02420.44383.63371.11530.83437.22485.91

Wright Medical Group NV Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysInventory 401.710.00361.10400.51481.08723.67392.76411.82468.67222.44
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