Medistim ASA (OSL:MEDI) Days Inventory : 553.01 (As of Mar. 2024)

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What is Medistim ASA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Medistim ASA's Average Total Inventories for the three months ended in Mar. 2024 was kr151.4 Mil. Medistim ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr25.0 Mil. Hence, Medistim ASA's Days Inventory for the three months ended in Mar. 2024 was 553.01.

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

OSL:MEDI' s Days Inventory Range Over the Past 10 Years
Min: 235.66 Med: 328.24 Max: 483.17
Current: 469.01

During the past 13 years, Medistim ASA's highest Days Inventory was 483.17. The lowest was 235.66. And the median was 328.24.

OSL:MEDI's Days Inventory is ranked worse than
86.36% of 777 companies
in the Medical Devices & Instruments industry
Industry Median: 189.73 vs OSL:MEDI: 469.01

Medistim ASA's Days Inventory increased from Mar. 2023 (429.43) to Mar. 2024 (553.01). It might indicate that Medistim ASA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Medistim ASA's Inventory Turnover for the three months ended in Mar. 2024 was 0.17.

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. Medistim ASA's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.13.

Medistim ASA Days Inventory Historical Data

The historical data trend for Medistim ASA'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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Medistim ASA Days Inventory Chart

Medistim ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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350.51

483.17

394.79

362.90

422.16

Medistim ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															429.43	407.06	578.19	389.43	553.01

Competitive Comparison of Medistim ASA's Days Inventory

For the Medical Devices subindustry, Medistim ASA'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.

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

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

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

Medistim ASA Days Inventory Calculation

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

Medistim ASA's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (114.333	+	145.391)	/	2 )	/	112.279	*	365
=	129.862					/	112.279	*	365
=	422.16

Medistim ASA's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (145.391	+	157.373)	/	2 )	/	24.979	*	365 / 4
=	151.382					/	24.979	*	365 / 4
=	553.01

Medistim ASA (OSL:MEDI) 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.

Medistim ASA's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	24.979	/	151.382
	=	0.17

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.

Medistim ASA's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	151.382	/	133.788
	=	1.13

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.

Medistim ASA Days Inventory Related Terms

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

Medistim ASA (OSL:MEDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Medistim ASA (OSL:MEDI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MEDIO:Sweden MD1:Germany

Address

Okernveien 94, Oslo, NOR, 0579

Website

https://www.medistim.com

Medistim ASA is a medical device company. It is engaged in researching, developing, producing, distributing and sales of medical equipment through its own business or through participation in other companies, as well related activities. The company's business is focused on cardiac and vascular surgery. The group operates in the USA, Europe, Asia and the Rest of the World. The firm's activity is split into three strategic operating units, Lease of equipment; Lease of equipment and Distribution and sales of third-party products.