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Wright Medical Group NV (NAS:WMGI)
Days Inventory
349.80 (As of Sep. 2016)

Wright Medical Group NV's average inventory for the three months ended in Sep. 2016 was $176.9 Mil. Wright Medical Group NV's cost of goods sold for the three months ended in Sep. 2016 was $46.1 Mil. Hence, Wright Medical Group NV's days inventory for the three months ended in Sep. 2016 was 349.80.

WMGI' s Days Inventory Range Over the Past 10 Years
Min: 371.11   Max: 530.83
Current: 310.74

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 432.62.

WMGI's Days Inventory is ranked lower than
84% of the 289 Companies
in the Global Medical Devices industry.

( Industry Median: 134.83 vs. WMGI: 310.74 )

Wright Medical Group NV's days inventory increased from Sep. 2015 (333.98) to Sep. 2016 (349.80). It might indicate that Wright Medical Group NV's sales slowed down.

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 Sep. 2016 was 102.60.

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 Sep. 2016 was 0.26.

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 Sep. 2016 was 1.12.


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 + 210.701) / 2 ) / 119.255*365
=149.5565 / 119.255*365
=457.74

Wright Medical Group NV's Days Inventory for the quarter that ended in Sep. 2016 is calculated as:

Days Inventory (Q: Sep. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Jun. 2016 ) + Inventory (Q: Sep. 2016 )) / 2 ) / COGS (Q: Sep. 2016 )*Days in Period
=( (182.995 + 170.819) / 2 ) / 46.149*365 / 4
=176.907 / 46.149*365 / 4
=349.80

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 Sep. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=176.907/157.332*365 / 4
=102.60

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 Sep. 2016 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 Sep. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=176.907 / 157.332
=1.12

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Wright Medical Group NV Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 0.000.00481.65428.02420.44383.63371.11530.83437.22457.74

Wright Medical Group NV Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysInventory 400.51481.08723.67410.40355.74333.98242.24371.77371.05349.80
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