Quest Diagnostics (BSP:Q1UE34) Days Inventory

: 11.04 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Quest Diagnostics's Average Total Inventories for the three months ended in Dec. 2023 was R$920 Mil. Quest Diagnostics's Cost of Goods Sold for the three months ended in Dec. 2023 was R$7,604 Mil. Hence, Quest Diagnostics's Days Inventory for the three months ended in Dec. 2023 was 11.04.

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

BSP:Q1UE34' s Days Inventory Range Over the Past 10 Years
Min: 6.56 Med: 7.98 Max: 11.96
Current: 11.07

During the past 13 years, Quest Diagnostics's highest Days Inventory was 11.96. The lowest was 6.56. And the median was 7.98.

BSP:Q1UE34's Days Inventory is ranked better than
95.34% of 193 companies
in the Medical Diagnostics & Research industry
Industry Median: 65.4 vs BSP:Q1UE34: 11.07

Quest Diagnostics's Days Inventory increased from Dec. 2022 (10.86) to Dec. 2023 (11.04). It might indicate that Quest Diagnostics's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Quest Diagnostics's Inventory Turnover for the three months ended in Dec. 2023 was 8.27.

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. Quest Diagnostics's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.08.

Quest Diagnostics Days Inventory Historical Data

The historical data trend for Quest 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.

* Premium members only.

Quest Diagnostics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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7.85

10.10

11.40

11.78

11.64

Quest Diagnostics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															10.86	11.21	11.45	10.80	11.04

Competitive Comparison

For the Diagnostics & Research subindustry, Quest 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.

Quest Diagnostics Days Inventory Distribution

For the Medical Diagnostics & Research industry and Healthcare sector, Quest Diagnostics's Days Inventory distribution charts can be found below:

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

Quest Diagnostics Days Inventory Calculation

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

Quest Diagnostics'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
=	( (1007.117	+	930.962)	/	2 )	/	30373.861	*	365
=	969.0395					/	30373.861	*	365
=	11.64

Quest Diagnostics'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (908.721	+	930.962)	/	2 )	/	7604.489	*	365 / 4
=	919.8415					/	7604.489	*	365 / 4
=	11.04

Quest Diagnostics (BSP:Q1UE34) 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.

Quest Diagnostics's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7604.489	/	919.8415
	=	8.27

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.

Quest Diagnostics's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	919.8415	/	11210.742
	=	0.08

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.

Quest Diagnostics Days Inventory Related Terms

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

Quest Diagnostics (BSP:Q1UE34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Quest Diagnostics Inc (BSP:Q1UE34) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

DGX:USA QDI:Germany

Address

500 Plaza Drive, Secaucus, NJ, USA, 07094

Website

https://www.questdiagnostics.com

Quest Diagnostics is a leading independent provider of diagnostic testing, information, and services in the U.S. The company generates over 95% of its revenue through clinical testing, anatomic pathology, esoteric testing, and substance abuse testing with specimens collected at its national network of roughly 2,300 patient service centers, as well as multiple doctors offices and hospitals. The firm also runs a much smaller diagnostic solutions segment that provides clinical trials testing, risk assessment services, and information technology solutions.

Quest Diagnostics (BSP:Q1UE34) Headlines

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