Avinger (Avinger) Days Inventory

: 323.96 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Avinger's Average Total Inventories for the three months ended in Dec. 2023 was $5.44 Mil. Avinger's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.53 Mil. Hence, Avinger's Days Inventory for the three months ended in Dec. 2023 was 323.96.

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

AVGR' s Days Inventory Range Over the Past 10 Years
Min: 175.2 Med: 231.04 Max: 344.76
Current: 344.76

During the past 12 years, Avinger's highest Days Inventory was 344.76. The lowest was 175.20. And the median was 231.04.

AVGR's Days Inventory is ranked worse than
79.41% of 777 companies
in the Medical Devices & Instruments industry
Industry Median: 187.06 vs AVGR: 344.76

Avinger's Days Inventory declined from Dec. 2022 (346.58) to Dec. 2023 (323.96).

Inventory Turnover measures how fast the company turns over its inventory within a year. Avinger's Inventory Turnover for the three months ended in Dec. 2023 was 0.28.

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. Avinger's Inventory-to-Revenue for the three months ended in Dec. 2023 was 2.85.

Avinger Days Inventory Historical Data

The historical data trend for Avinger'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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Avinger Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

213.67

231.37

230.70

310.69

331.56

Avinger Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																346.58	374.69	344.28	354.37	323.96

Competitive Comparison

For the Medical Instruments & Supplies subindustry, Avinger'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.

Avinger Days Inventory Distribution

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

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

Avinger Days Inventory Calculation

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

Avinger'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
=	( (4.965	+	5.298)	/	2 )	/	5.649	*	365
=	5.1315					/	5.649	*	365
=	331.56

Avinger'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
=	( (5.58	+	5.298)	/	2 )	/	1.532	*	365 / 4
=	5.439					/	1.532	*	365 / 4
=	323.96

Avinger (NAS:AVGR) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.532	/	5.439
	=	0.28

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.439	/	1.906
	=	2.85

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.

Avinger Days Inventory Related Terms

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

Avinger (Avinger) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Avinger Inc (NAS:AVGR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Chesapeake Drive, Redwood City, CA, USA, 94063

Website

https://avinger.com

Avinger Inc is a United States-based medical device company. It is engaged in designing, manufacturing and selling image-guided, catheter-based systems that are used by physicians to treat patients with peripheral artery disease (PAD). The products offered by the firm include Lightbox imaging console, the Ocelot family of catheters, which are designed to allow physicians to penetrate a total blockage in an artery, known as a chronic total occlusion (CTO) and Pantheris, image-guided atherectomy device which is designed to allow physicians to precisely remove arterial plaque in PAD patients. It manufactures and sells products in the United States and internationally of which it generates the majority of the revenue from the sales made in the United States.

Executives

Crg Partners Iii (cayman) Unlev Aiv I L.p.	10 percent owner	1000 MAIN STREET, SUITE 2500, HOUSTON TX 77002
Crg Partners Iii (cayman) Lev Aiv I L.p.	10 percent owner	1000 MAIN STREET, SUITE 2500, HOUSTON TX 77002
Crg Partners Iii - Parallel Fund B (cayman) L.p.	10 percent owner	1000 MAIN STREET, SUITE 2500, HOUSTON TX 77002
Cr Group L.p.	10 percent owner	1000 MAIN STREET, SUITE 2500, HOUSTON TX 77002
Crg Partners Iii - Parallel Fund (a) L.p.	10 percent owner	C/O CAPITAL ROYALTY L.P., 1000 MAIN STREET, SUITE 2500, HOUSTON TX 77002
Crg Partners Iii L.p.	10 percent owner	1000 MAIN STREET, SUITE 2500, HOUSTON TX 77002
Nabeel Paul Subainati	officer: Vice President, Finance	400 CHESAPEAKE DRIVE, REDWOOD CITY CA 94063
James Cullen	director	5301 STEVENS CREEK BLVD, MS 1A-LC, SANTA CLARA CA 95051
Mark Weinswig	officer: Chief Financial Officer	EMCORE CORP, 10420 RESEARCH ROAD, SE, ALBUQUERQUE NM 87123
Himanshu Patel	officer: Chief Technology Officer	C/O AVINGER, INC., 400 CHESAPEAKE DRIVE, REDWOOD CITY CA 94063
Jeffrey M Soinski	director, officer: President and CEO	585 WEST 500 SOUTH, BOUNTIFUL UT 84010
Tamara Elias	director	400 CHESAPEAKE DRIVE, REDWOOD CITY CA 94063
Simpson John B Ph D Md	director, 10 percent owner	C/O FOXHOLLOW TECHNOLOGIES, INC., 740 BAY ROAD, REDWOOD CITY CA 94063
Matthew Ferguson	officer: CBO, CFO & Treasurer	C/O FOXHOLLOW TECHNOLOGIES, INC., 740 BAY ROAD, REDWOOD CITY CA 94063
John D. Simpson	officer: Sr. VP, Sales & Marketing	C/O AVINGER, INC., 400 CHESAPEAKE DRIVE, REDWOOD CITY CA 94063