Days Inventory is also known as Days Sales of Inventory (DSI). Globus Medical's Average Total Inventories for the
three
months ended in Dec. 2023 was $877 Mil. Globus Medical's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $265 Mil.
Hence, Globus Medical's Days Inventory for the
three
months ended in Dec. 2023 was 301.28.
The historical rank and industry rank for Globus Medical's Days Inventory or its related term are showing as below:
GMED'
s Days Inventory Range Over the Past 10 Years
Min: 265.75 Med: 313.72 Max: 381.9
Current: 360.71
During the past 13 years, Globus Medical's highest Days Inventory was 381.90. The lowest was 265.75. And the median was 313.72.
GMED's Days Inventory is ranked worse than 80.67% of 776
companies
in the Medical Devices & Instruments industry
Industry Median: 186.925
vs GMED: 360.71
Globus Medical's Days Inventory
declined
from Dec. 2022 (375.77) to Dec. 2023 (301.28).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Globus Medical's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.30.
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.
Globus Medical's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.42.
Globus Medical Days Inventory Historical Data
The historical data trend for Globus Medical'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 Globus Medical's Days Inventory
For the Medical Devices subindustry, Globus Medical'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.
Globus Medical's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Globus Medical's Days Inventory distribution charts can be found below:
* The bar in red indicates where Globus Medical's Days Inventory falls into.
Globus Medical Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Globus Medical'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.
Globus Medical (NYSE:GMED) 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.
Globus Medical'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.
Globus Medical'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.
Globus Medical Days Inventory Related Terms
Thank you for viewing the detailed overview of Globus Medical's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Globus Medical (Globus Medical) Business Description
Globus Medical Inc is a medical device company that develops and provides healthcare products and solutions to hospitals, physicians, and surgical centers. The firm's products are organized into two categories: musculoskeletal solutions, which include medical devices and instruments used mostly for spinal and orthopedic procedures, and enabling technologies, which include advanced computer systems developed for enhancing surgical capabilities. The vast majority of the company's revenue is generated from musculoskeletal solutions products, and more than half of the revenue is earned in the United States.
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