Oventus Medical (ASX:OVN) Days Inventory : 79.84 (As of Dec. 2021)

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What is Oventus Medical Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Oventus Medical's Average Total Inventories for the six months ended in Dec. 2021 was A$0.12 Mil. Oventus Medical's Cost of Goods Sold for the six months ended in Dec. 2021 was A$0.26 Mil. Hence, Oventus Medical's Days Inventory for the six months ended in Dec. 2021 was 79.84.

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

ASX:OVN's Days Inventory is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 193.045
* Ranked among companies with meaningful Days Inventory only.

Oventus Medical's Days Inventory increased from Dec. 2020 (42.87) to Dec. 2021 (79.84). It might indicate that Oventus Medical's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Oventus Medical's Inventory Turnover for the six months ended in Dec. 2021 was 2.29.

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. Oventus Medical's Inventory-to-Revenue for the six months ended in Dec. 2021 was 0.21.

Oventus Medical Days Inventory Historical Data

The historical data trend for Oventus Medical'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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Oventus Medical Days Inventory Chart

Oventus Medical Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Days Inventory

117.72

42.18

Oventus Medical Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Days Inventory	Get a 7-Day Free Trial						181.60	113.71	42.87	44.22	79.84

Competitive Comparison of Oventus Medical's Days Inventory

For the Medical Devices subindustry, Oventus Medical'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.

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

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

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

Oventus Medical Days Inventory Calculation

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

Oventus Medical's Days Inventory for the fiscal year that ended in Jun. 2021 is calculated as

	Days Inventory (A: Jun. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2020 )	+	Total Inventories (A: Jun. 2021 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2021 )	*	Days in Period
=	( (0.055	+	0.104)	/	2 )	/	0.688	*	365
=	0.0795					/	0.688	*	365
=	42.18

Oventus Medical's Days Inventory for the quarter that ended in Dec. 2021 is calculated as:

	Days Inventory (Q: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
=	( (0.104	+	0.127)	/	2 )	/	0.264	*	365 / 2
=	0.1155					/	0.264	*	365 / 2
=	79.84

Oventus Medical (ASX:OVN) 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.

Oventus Medical's Inventory Turnover for the six months ended in Dec. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.264	/	0.1155
	=	2.29

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.

Oventus Medical's Inventory to Revenue for the six months ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.1155	/	0.554
	=	0.21

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.

Oventus Medical Days Inventory Related Terms

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

Oventus Medical (ASX:OVN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Swann Road, Suite 1, PO Box 190, Indooroopilly, Brisbane, QLD, AUS, 4068

Website

https://www.o2vent.com

Oventus Medical Ltd is a medical device company. It is engaged in developing an oral appliance for the treatment of sleep apnoea and snoring. Its product includes O2Vent Optima . It offers oral appliance therapy, especially beneficial for the many people that suffer from nasal congestion, obstruction, and mouth breathing. The firm has two operating segments: Australia and North America.

Oventus Medical (ASX:OVN) Headlines

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