Days Inventory is also known as Days Sales of Inventory (DSI). Venus Concept's Average Total Inventories for the
three
months ended in Dec. 2023 was $23.23 Mil. Venus Concept's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $6.07 Mil.
Hence, Venus Concept's Days Inventory for the
three
months ended in Dec. 2023 was 349.30.
The historical rank and industry rank for Venus Concept's Days Inventory or its related term are showing as below:
VERO'
s Days Inventory Range Over the Past 10 Years
Min: 82.66 Med: 164.34 Max: 354.47
Current: 350.04
During the past 9 years, Venus Concept's highest Days Inventory was 354.47. The lowest was 82.66. And the median was 164.34.
VERO's Days Inventory is ranked worse than 80.28% of 776
companies
in the Medical Devices & Instruments industry
Industry Median: 186.925
vs VERO: 350.04
Venus Concept's Days Inventory
increased
from Dec. 2022 (258.53) to Dec. 2023 (349.30).
It might indicate that Venus Concept's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Venus Concept's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.26.
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.
Venus Concept's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.28.
Venus Concept Days Inventory Historical Data
The historical data trend for Venus Concept'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 Venus Concept's Days Inventory
For the Medical Devices subindustry, Venus Concept'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.
Venus Concept's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Venus Concept's Days Inventory distribution charts can be found below:
* The bar in red indicates where Venus Concept's Days Inventory falls into.
Venus Concept Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Venus Concept'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.
Venus Concept (NAS:VERO) 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.
Venus Concept'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.
Venus Concept'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.
Venus Concept Days Inventory Related Terms
Thank you for viewing the detailed overview of Venus Concept's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Venus Concept (Venus Concept) Business Description
Venus Concept Inc is a medical technology company. It develops, commercializes, and delivers minimally invasive and non-invasive medical aesthetic and hair restoration technologies and related services. The company's products include NeoGraft, Venus Viva, Venus Legacy, Venus Versa, Venus Velocity, Venus Heal, Venus Bliss, ARTAS systems, and others. The company provides medical devices and treatments for hair, body, and skin-related problems. It generates a majority of its revenue from the United States.
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