Magellan Health (Magellan Health) Days Inventory : 2.94 (As of Sep. 2021)

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What is Magellan Health Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Magellan Health's Average Total Inventories for the three months ended in Sep. 2021 was $39 Mil. Magellan Health's Cost of Goods Sold for the three months ended in Sep. 2021 was $1,222 Mil. Hence, Magellan Health's Days Inventory for the three months ended in Sep. 2021 was 2.94.

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

MGLN' s Days Inventory Range Over the Past 10 Years
Min: 3.12 Med: 4.05 Max: 5.67
Current: 3.2

During the past 13 years, Magellan Health's highest Days Inventory was 5.67. The lowest was 3.12. And the median was 4.05.

MGLN's Days Inventory is not ranked
in the Healthcare Plans industry.
Industry Median: 28.64 vs MGLN: 3.20

Magellan Health's Days Inventory declined from Sep. 2020 (2.97) to Sep. 2021 (2.94).

Inventory Turnover measures how fast the company turns over its inventory within a year. Magellan Health's Inventory Turnover for the three months ended in Sep. 2021 was 31.09.

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. Magellan Health's Inventory-to-Revenue for the three months ended in Sep. 2021 was 0.03.

Magellan Health Days Inventory Historical Data

The historical data trend for Magellan Health'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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Magellan Health Days Inventory Chart

Magellan Health Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Inventory

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4.37

3.28

3.12

3.55

3.61

Magellan Health Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Days Inventory	Get a 7-Day Free Trial															2.97	3.13	3.71	3.25	2.94

Competitive Comparison of Magellan Health's Days Inventory

For the Healthcare Plans subindustry, Magellan Health'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.

Magellan Health's Days Inventory Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Magellan Health's Days Inventory distribution charts can be found below:

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

Magellan Health Days Inventory Calculation

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

Magellan Health's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (44.962	+	43.334)	/	2 )	/	4458.74	*	365
=	44.148					/	4458.74	*	365
=	3.61

Magellan Health's Days Inventory for the quarter that ended in Sep. 2021 is calculated as:

	Days Inventory (Q: Sep. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (38.789	+	39.832)	/	2 )	/	1222.116	*	365 / 4
=	39.3105					/	1222.116	*	365 / 4
=	2.94

Magellan Health (NAS:MGLN) 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.

Magellan Health's Inventory Turnover for the three months ended in Sep. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1222.116	/	39.3105
	=	31.09

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.

Magellan Health's Inventory to Revenue for the three months ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	39.3105	/	1254.118
	=	0.03

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.

Magellan Health Days Inventory Related Terms

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

Magellan Health (Magellan Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Magellan Health Inc (NAS:MGLN) » Definitions » Days Inventory

Comparable Companies

GTS BFYT PFHO UNH CVS ANTM CI HUM CNC MOH BSP:GNDI3 BSP:ODPV3 SZSE:000503 BSP:QUAL3 ROCO:6665 MIL:HI OSTO:FEEL TSXV:NXG

Traded in Other Exchanges

N/A

Address

4801 E. Washington Street, Suite 4400, Phoenix, AZ, USA, 85034

Website

https://www.magellanhealth.com

Magellan Health provides healthcare management services to health plans and other managed care organizations, employers, labor unions, United States government agencies, and third-party administrators. The firm operates in three segments: Healthcare, Pharmacy Management, and Corporate. The Healthcare business manages behavioral healthcare services and employee assistance program services, as well as specialty areas like diagnostic imaging. The Pharmacy Management segment includes pharmacy benefit management (PBM) services, pharmacy benefit administration for Medicaid and other government-sponsored programs, pharmaceutical dispensing operations, and clinical and formulary management programs. The Healthcare business generates the majority of revenue.

Executives

Mostafa Kamal	officer: CEO, Magellan Rx Management	15950 NORTH 76TH STREET, #200 SCOTTSDALE AZ 85260
Jeffrey N West	officer: SVP & Controller	6950 COLUMBIA GATEWAY DR STE 400 COLUMBIA MD 21046
David Bourdon	officer: Chief Financial Officer	6303 COWBOYS WAY, SUITE 350, FRISCO TX 75034
Peter A Feld	director	201 E LAS OLAS BOULEVARD, SUITE 1000, FORT LAUDERDALE FL 33301
Swati Bargotra Abbott	director	4800 NORTH SCOTTSDALE ROAD, SUITE 4400, SCOTTSDALE AZ 85251
Steven J Shulman	director	1564 NE EXPRESSWAY, ATTN: BJ PURCELL, ATLANTA GA 30329
Guy P Sansone	director	C/O MEDNAX, 1301 CONCORD TERRACE, SUNRISE FL 33323
Gregory Scott Mackenzie	director	NDC PLAZA ATLANTA GA 30329
Leslie V Norwalk	director	C/O 3661 VALLEY CENTRE DRIVE SUITE 200, SAN DIEGO CA 92130
Christopher J Chen	director	4801 EAST WASHINGTON STREET PHOENIX AZ 85034
Mural R Josephson	director
James E Murray	officer: President and COO	500 WEST MAIN STREET, LOUISVILLE KY 40202
Clapper Caskie Lewis	officer: Chief Human Resources Officer	55 NOD ROAD AVON CT 06001
Kenneth J Fasola	director, officer: Chief Executive Officer	500 WEST MAIN STREET, LOUISVILLE KY 40202
Jonathan N Rubin	officer: Chief Financial Officer	55 NOD ROAD AVON CT 06001