Days Inventory is also known as Days Sales of Inventory (DSI). icad's Average Total Inventories for the
three
months ended in Dec. 2023 was $0.95 Mil. icad's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $0.42 Mil.
Hence, icad's Days Inventory for the
three
months ended in Dec. 2023 was 208.37.
The historical rank and industry rank for icad's Days Inventory or its related term are showing as below:
ICAD'
s Days Inventory Range Over the Past 10 Years
Min: 59 Med: 117.62 Max: 380.85
Current: 230.92
During the past 13 years, icad's highest Days Inventory was 380.85. The lowest was 59.00. And the median was 117.62.
ICAD's Days Inventory is ranked worse than 62.24% of 776
companies
in the Medical Devices & Instruments industry
Industry Median: 186.925
vs ICAD: 230.92
icad's Days Inventory
declined
from Dec. 2022 (478.28) to Dec. 2023 (208.37).
Inventory Turnover measures how fast the company turns over its inventory within a year.
icad's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.44.
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.
icad's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.20.
icad Days Inventory Historical Data
The historical data trend for icad'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.
For the Medical Devices subindustry, icad'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.
icad's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, icad's Days Inventory distribution charts can be found below:
* The bar in red indicates where icad's Days Inventory falls into.
icad Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
icad'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.
icad (NAS:ICAD) 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.
icad'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.
icad'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.
icad Days Inventory Related Terms
Thank you for viewing the detailed overview of icad's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
icad Inc is a medical technology company providing cancer detection and therapy solutions. The Company reports in two segments: Detection and Therapy. The Detection segment include advanced image analysis and workflow solutions that enable healthcare professionals to serve patients by identifying pathologies, comprehensive range of high-performance, Artificial Intelligence and Computer-Aided Detection (CAD) systems and workflow solutions for 2D and 3D mammography, Magnetic Resonance Imaging and Computed Tomography. In the Therapy segment, the Company offers the Xoft System, an isotope-free cancer treatment platform technology. The Xoft System can be used for the treatment of early-stage breast cancer, endometrial cancer, cervical cancer and nonmelanoma skin cancer.
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