The historical rank and industry rank for Accelerate Diagnostics's Days Inventory or its related term are showing as below:
AXDX'
s Days Inventory Range Over the Past 10 Years
Min: 163.21 Med: 470.13 Max: 2937.12
Current: 172.22
During the past 13 years, Accelerate Diagnostics's highest Days Inventory was 2937.12. The lowest was 163.21. And the median was 470.13.
AXDX's Days Inventory is ranked better than 54.9% of 776
companies
in the Medical Devices & Instruments industry
Industry Median: 187.12
vs AXDX: 172.22
Accelerate Diagnostics's Days Inventory
declined
from Dec. 2022 (226.65) to Dec. 2023 (130.80).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Accelerate Diagnostics's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.70.
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.
Accelerate Diagnostics's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.13.
Accelerate Diagnostics Days Inventory Historical Data
The historical data trend for Accelerate Diagnostics'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.
Competitive Comparison of Accelerate Diagnostics's Days Inventory
For the Medical Devices subindustry, Accelerate Diagnostics'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.
Accelerate Diagnostics's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Accelerate Diagnostics's Days Inventory distribution charts can be found below:
* The bar in red indicates where Accelerate Diagnostics's Days Inventory falls into.
Accelerate Diagnostics Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Accelerate Diagnostics's Days Inventory 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.
Accelerate Diagnostics (NAS:AXDX) 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.
Accelerate Diagnostics's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Accelerate Diagnostics's Inventory to Revenue 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.
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.
Accelerate Diagnostics Days Inventory Related Terms
Thank you for viewing the detailed overview of Accelerate Diagnostics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Accelerate Diagnostics (Accelerate Diagnostics) Business Description
Accelerate Diagnostics Inc is an in vitro diagnostics company that specializes in rapid diagnostics for infectious pathogens. The firm's core platform, the Accelerate ID/AST System, determines whether live bacterial or fungal cells in a patient sample are susceptible to a particular antibiotic. This test is performed on pathogens that are commonly associated with serious infections and can deliver results more quickly than traditional methods, such as bacterial culturing. The system can analyze a positive blood culture sample in approximately five hours, which is faster than traditional testing techniques. The company earns majority of its revenue from domestic market.
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