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Scandinavian Medical Solutions AS (OCSE:SMSMED) Days Inventory : 166.38 (As of Sep. 2023)


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What is Scandinavian Medical Solutions AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Scandinavian Medical Solutions AS's Average Total Inventories for the six months ended in Sep. 2023 was kr74.1 Mil. Scandinavian Medical Solutions AS's Cost of Goods Sold for the six months ended in Sep. 2023 was kr81.2 Mil. Hence, Scandinavian Medical Solutions AS's Days Inventory for the six months ended in Sep. 2023 was 166.38.

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

OCSE:SMSMED' s Days Inventory Range Over the Past 10 Years
Min: 33.19   Med: 57.01   Max: 157.16
Current: 155.26

During the past 5 years, Scandinavian Medical Solutions AS's highest Days Inventory was 157.16. The lowest was 33.19. And the median was 57.01.

OCSE:SMSMED's Days Inventory is ranked better than
62.81% of 777 companies
in the Medical Devices & Instruments industry
Industry Median: 190.74 vs OCSE:SMSMED: 155.26

Scandinavian Medical Solutions AS's Days Inventory increased from Sep. 2022 (163.44) to Sep. 2023 (166.38). It might indicate that Scandinavian Medical Solutions AS's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Scandinavian Medical Solutions AS's Inventory Turnover for the six months ended in Sep. 2023 was 1.10.

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. Scandinavian Medical Solutions AS's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.78.

Scandinavian Medical Solutions AS Days Inventory Historical Data

The historical data trend for Scandinavian Medical Solutions AS'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.

* Premium members only.

Scandinavian Medical Solutions AS Days Inventory Chart

Scandinavian Medical Solutions AS Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23
Days Inventory
37.13 33.19 57.01 137.07 157.16

Scandinavian Medical Solutions AS Semi-Annual Data
Sep19 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Days Inventory Get a 7-Day Free Trial 62.33 93.07 163.44 141.28 166.38

Competitive Comparison of Scandinavian Medical Solutions AS's Days Inventory

For the Medical Devices subindustry, Scandinavian Medical Solutions AS'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.

Scandinavian Medical Solutions AS's Days Inventory Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Scandinavian Medical Solutions AS's Days Inventory falls into.


Scandinavian Medical Solutions AS Days Inventory Calculation

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

Scandinavian Medical Solutions AS's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

Days Inventory (A: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Sep. 2022 ) + Total Inventories (A: Sep. 2023 )) / count ) / Cost of Goods Sold (A: Sep. 2023 )*Days in Period
=( (51.546 + 83.196) / 2 ) / 156.463*365
=67.371 / 156.463*365
=157.16

Scandinavian Medical Solutions AS's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (64.922 + 83.196) / 2 ) / 81.236*365 / 2
=74.059 / 81.236*365 / 2
=166.38

* 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.

Scandinavian Medical Solutions AS  (OCSE:SMSMED) 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.

Scandinavian Medical Solutions AS's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=81.236 / 74.059
=1.10

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.

Scandinavian Medical Solutions AS's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=74.059 / 94.952
=0.78

* 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.

Scandinavian Medical Solutions AS Days Inventory Related Terms

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

Scandinavian Medical Solutions AS (OCSE:SMSMED) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Scandinavian Medical Solutions AS (OCSE:SMSMED) » Definitions » Days Inventory
Comparable Companies
OCSE:VIRO ABT SYK MDT BSX SZSE:300760 EW DXCM ZBH STE XAMS:PHIA XSWX:SOON ALGN SHSE:688271 ASX:COH LSE:SN. PODD OCSE:DEMANT BRKR BIO
Traded in Other Exchanges
K41:Germany
Address
Gasvaerksvej 46. 1.Sal, Aalborg, DNK, DK-9000
Website
https://www.scandinavian-medical.com
Scandinavian Medical Solutions AS is engaged in offering pre-owned medical imaging equipment and innovative healthcare solutions. The product portfolio of Cath Lab, X-Ray, MRI, Mammography, Ultrasound, and Mobile X-Ray among others.

Scandinavian Medical Solutions AS (OCSE:SMSMED) Headlines

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