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. Orthofix Medical's Average Total Inventories for the quarter that ended in Dec. 2023 was $222.0 Mil. Orthofix Medical's Revenue for the
three
months ended in Dec. 2023 was $200.4 Mil.
Orthofix Medical's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.11.
Orthofix Medical's Inventory-to-Revenue for the quarter that ended in Dec. 2023
declined
from Sep. 2023 (1.21) to Sep. 2023 (1.11)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Orthofix Medical's Days Inventory for the
three
months ended in Dec. 2023 was 317.53.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Orthofix Medical's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.29.
Orthofix Medical Inventory-to-Revenue Historical Data
The historical data trend for Orthofix Medical's Inventory-to-Revenue 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.
For the Medical Devices subindustry, Orthofix Medical's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.
Orthofix Medical Inventory-to-Revenue Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Orthofix Medical's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Orthofix Medical's Inventory-to-Revenue falls into.
Orthofix Medical Inventory-to-Revenue Calculation
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.
Orthofix Medical's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Orthofix Medical (NAS:OFIX) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Orthofix Medical's Days Inventory for the
three
months ended in Dec. 2023 is calculated as:
* 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.
Orthofix Medical Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Orthofix Medical's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Orthofix Medical (Orthofix Medical) Business Description
Orthofix Medical Inc. is a medical device company delivering orthopedic and spine solutions to healthcare providers. The company has two main segments: global spine, including bone growth and healing therapies, spinal implants, and regenerative tissue products; and global orthopedics, providing products used in fracture repair, deformity correction, and bone reconstruction procedures. The majority of the company's sales come from the global spine segment in the United States. Orthofix distributes its products throughout North America, Europe, and several countries globally. The company provides solutions to hospitals, physicians, other healthcare providers, and patients.
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