Compumedics (ASX:CMP) Days Inventory : 175.53 (As of Dec. 2023)

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What is Compumedics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Compumedics's Average Total Inventories for the six months ended in Dec. 2023 was A$11.44 Mil. Compumedics's Cost of Goods Sold for the six months ended in Dec. 2023 was A$11.89 Mil. Hence, Compumedics's Days Inventory for the six months ended in Dec. 2023 was 175.53.

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

ASX:CMP' s Days Inventory Range Over the Past 10 Years
Min: 126.7 Med: 170.17 Max: 203.77
Current: 169.9

During the past 13 years, Compumedics's highest Days Inventory was 203.77. The lowest was 126.70. And the median was 170.17.

ASX:CMP's Days Inventory is ranked better than
57.2% of 778 companies
in the Medical Devices & Instruments industry
Industry Median: 191.615 vs ASX:CMP: 169.90

Compumedics's Days Inventory declined from Dec. 2022 (179.78) to Dec. 2023 (175.53).

Inventory Turnover measures how fast the company turns over its inventory within a year. Compumedics's Inventory Turnover for the six months ended in Dec. 2023 was 1.04.

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. Compumedics's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.43.

Compumedics Days Inventory Historical Data

The historical data trend for Compumedics'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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Compumedics Days Inventory Chart

Compumedics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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167.48

177.92

203.77

191.92

178.83

Compumedics Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															218.92	176.92	179.78	163.57	175.53

Competitive Comparison of Compumedics's Days Inventory

For the Medical Devices subindustry, Compumedics'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.

Compumedics's Days Inventory Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Compumedics's Days Inventory falls into.

Compumedics Days Inventory Calculation

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

Compumedics's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (9.709	+	10.69)	/	2 )	/	20.818	*	365
=	10.1995					/	20.818	*	365
=	178.83

Compumedics's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (10.69	+	12.182)	/	2 )	/	11.89	*	365 / 2
=	11.436					/	11.89	*	365 / 2
=	175.53

Compumedics (ASX:CMP) 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.

Compumedics's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.89	/	11.436
	=	1.04

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.

Compumedics's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11.436	/	26.414
	=	0.43

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.

Compumedics Days Inventory Related Terms

Thank you for viewing the detailed overview of Compumedics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Compumedics (ASX:CMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Compumedics Ltd (ASX:CMP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

30-40 Flockhart Street, Abbotsford, Melbourne, VIC, AUS, 3067

Website

https://www.compumedics.com.au

Compumedics Ltd is a medical device company. It is engaged in the development, manufacture, and commercialisation of diagnostic technologies for sleep, brain and ultrasonic blood-flow monitoring applications. The company is organized into geographical operating segments, being the United States of Americas, Australia and the Asia Pacific, and Europe and the Middle East. It derives a majority of its revenue from Australia and the Asia Pacific region.