Days Inventory is also known as Days Sales of Inventory (DSI). Inari Medical's Average Total Inventories for the
three
months ended in Dec. 2023 was $41.6 Mil. Inari Medical's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $17.0 Mil.
Hence, Inari Medical's Days Inventory for the
three
months ended in Dec. 2023 was 223.02.
The historical rank and industry rank for Inari Medical's Days Inventory or its related term are showing as below:
NARI'
s Days Inventory Range Over the Past 10 Years
Min: 155.79 Med: 226.57 Max: 311.43
Current: 236.29
During the past 6 years, Inari Medical's highest Days Inventory was 311.43. The lowest was 155.79. And the median was 226.57.
NARI's Days Inventory is ranked worse than 63.14% of 776
companies
in the Medical Devices & Instruments industry
Industry Median: 186.925
vs NARI: 236.29
Inari Medical's Days Inventory
increased
from Dec. 2022 (216.35) to Dec. 2023 (223.02).
It might indicate that Inari Medical's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Inari Medical's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.41.
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.
Inari Medical's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.31.
Inari Medical Days Inventory Historical Data
The historical data trend for Inari 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 Inari Medical's Days Inventory
For the Medical Devices subindustry, Inari 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.
Inari Medical's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Inari Medical's Days Inventory distribution charts can be found below:
* The bar in red indicates where Inari Medical's Days Inventory falls into.
Inari Medical Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Inari 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.
Inari Medical (NAS:NARI) 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.
Inari 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.
Inari 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.
Inari Medical Days Inventory Related Terms
Thank you for viewing the detailed overview of Inari Medical's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Inari Medical (Inari Medical) Business Description
Inari Medical Inc is a medical device company focused on developing products to treat patients suffering from Chronic Venous Disease. Its product portfolio includes ClotTriever, for the removal of the clot from peripheral blood vessels and treats patients suffering from deep vein thrombosis. The FlowTriever System product is used for the treatment of pulmonary embolism. The company generates revenue from the sale of ClotTriever and FlowTriever systems directly to hospitals located in the United States. Majority of revenue is generated from FlowTriever system.
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