Monivent AB (XSAT:MONI) Days Inventory : 1,122.58 (As of Sep. 2023)

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What is Monivent AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Monivent AB's Average Total Inventories for the three months ended in Sep. 2023 was kr3.83 Mil. Monivent AB's Cost of Goods Sold for the three months ended in Sep. 2023 was kr0.31 Mil. Hence, Monivent AB's Days Inventory for the three months ended in Sep. 2023 was 1,122.58.

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

XSAT:MONI' s Days Inventory Range Over the Past 10 Years
Min: 208.62 Med: 276.75 Max: 536.53
Current: 536.53

During the past 6 years, Monivent AB's highest Days Inventory was 536.53. The lowest was 208.62. And the median was 276.75.

XSAT:MONI's Days Inventory is ranked worse than
88.32% of 779 companies
in the Medical Devices & Instruments industry
Industry Median: 192.49 vs XSAT:MONI: 536.53

Monivent AB's Days Inventory increased from Sep. 2022 (142.44) to Sep. 2023 (1,122.58). It might indicate that Monivent AB'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. Monivent AB's Inventory Turnover for the three months ended in Sep. 2023 was 0.08.

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. Monivent AB's Inventory-to-Revenue for the three months ended in Sep. 2023 was 4.14.

Monivent AB Days Inventory Historical Data

The historical data trend for Monivent AB'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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Monivent AB Days Inventory Chart

Monivent AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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208.62

344.88

Monivent AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															142.44	256.37	916.76	336.54	1,122.58

Competitive Comparison of Monivent AB's Days Inventory

For the Medical Devices subindustry, Monivent AB'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.

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

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

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

Monivent AB Days Inventory Calculation

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

Monivent AB's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.772	+	1.97)	/	2 )	/	1.451	*	365
=	1.371					/	1.451	*	365
=	344.88

Monivent AB'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: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (3.233	+	4.419)	/	2 )	/	0.311	*	365 / 4
=	3.826					/	0.311	*	365 / 4
=	1,122.58

Monivent AB (XSAT:MONI) 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.

Monivent AB's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.311	/	3.826
	=	0.08

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.

Monivent AB's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.826	/	0.925
	=	4.14

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.

Monivent AB Days Inventory Related Terms

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

Monivent AB (XSAT:MONI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Monivent AB (XSAT:MONI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Regnbagsgatan 8B, Gothenburg, SWE, SE-417 55

Website

https://www.monivent.se

Monivent AB is a medtech company focused on improving the care given to newborn babies in need of respiratory support at birth. The company has developed a patented solution that provides continuous feedback on the volumes of air given to the newborn during manual ventilation. The airflow is measured directly in the face mask and feedback on the ventilation parameters is displayed numerically and graphically in real-time on the external monitor. The company's product is Monivent Neo100.