Nanosonics (ASX:NAN) Days Inventory : 305.44 (As of Dec. 2023)

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What is Nanosonics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nanosonics's Average Total Inventories for the six months ended in Dec. 2023 was A$27.1 Mil. Nanosonics's Cost of Goods Sold for the six months ended in Dec. 2023 was A$16.2 Mil. Hence, Nanosonics's Days Inventory for the six months ended in Dec. 2023 was 305.44.

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

ASX:NAN' s Days Inventory Range Over the Past 10 Years
Min: 154.22 Med: 196.08 Max: 279.09
Current: 279.09

During the past 13 years, Nanosonics's highest Days Inventory was 279.09. The lowest was 154.22. And the median was 196.08.

ASX:NAN's Days Inventory is ranked worse than
71.69% of 777 companies
in the Medical Devices & Instruments industry
Industry Median: 190.88 vs ASX:NAN: 279.09

Nanosonics's Days Inventory increased from Dec. 2022 (250.28) to Dec. 2023 (305.44). It might indicate that Nanosonics's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nanosonics's Inventory Turnover for the six months ended in Dec. 2023 was 0.60.

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. Nanosonics's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.34.

Nanosonics Days Inventory Historical Data

The historical data trend for Nanosonics'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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Nanosonics Days Inventory Chart

Nanosonics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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194.77

192.28

190.61

221.45

248.36

Nanosonics Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															191.14	261.32	250.28	251.71	305.44

Competitive Comparison of Nanosonics's Days Inventory

For the Medical Instruments & Supplies subindustry, Nanosonics'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.

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

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

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

Nanosonics Days Inventory Calculation

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

Nanosonics's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (22.615	+	25.49)	/	2 )	/	35.348	*	365
=	24.0525					/	35.348	*	365
=	248.36

Nanosonics's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (25.49	+	28.716)	/	2 )	/	16.194	*	365 / 2
=	27.103					/	16.194	*	365 / 2
=	305.44

Nanosonics (ASX:NAN) 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.

Nanosonics's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	16.194	/	27.103
	=	0.60

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.

Nanosonics's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	27.103	/	79.638
	=	0.34

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.

Nanosonics Days Inventory Related Terms

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

Nanosonics (ASX:NAN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NNCSF:USA OQS:Germany

Address

7-11 Talavera Road, Level 1 Building A, Macquarie Park, Sydney, NSW, AUS, 2113

Website

https://www.nanosonics.com.au

Nanosonics is a single-product firm and its trophon device provides high-level disinfection of ultrasound probes used in semicritical procedures. The patented technology uses low temperature sonically activated hydrogen peroxide mist that is suitable for probes sensitive to damage. Automated HLD is increasingly being used as the standard of care globally as it is superior in preventing cross-infection across patients. Nanosonics' revenue is made up of capital sales of trophon units, ongoing consumables sales, and service revenue. At June 2022, there were 29,850 trophon units installed globally. Market penetration rates range from over 75% in Australia and New Zealand, roughly 44% in the U.S. to low-single-digit penetration in Europe, Middle East, and Africa, and elsewhere in Asia-Pacific.