Profound Medical (Profound Medical) Days Inventory

: 692.25 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Profound Medical's Average Total Inventories for the three months ended in Dec. 2023 was $7.21 Mil. Profound Medical's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.95 Mil. Hence, Profound Medical's Days Inventory for the three months ended in Dec. 2023 was 692.25.

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

PROF' s Days Inventory Range Over the Past 10 Years
Min: 110.66 Med: 593.43 Max: 1000.6
Current: 1000.6

During the past 10 years, Profound Medical's highest Days Inventory was 1000.60. The lowest was 110.66. And the median was 593.43.

PROF's Days Inventory is ranked worse than
95.36% of 776 companies
in the Medical Devices & Instruments industry
Industry Median: 186.925 vs PROF: 1000.60

Profound Medical's Days Inventory declined from Dec. 2022 (1,005.38) to Dec. 2023 (692.25).

Inventory Turnover measures how fast the company turns over its inventory within a year. Profound Medical's Inventory Turnover for the three months ended in Dec. 2023 was 0.13.

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. Profound Medical's Inventory-to-Revenue for the three months ended in Dec. 2023 was 3.59.

Profound Medical Days Inventory Historical Data

The historical data trend for Profound 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.

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Profound Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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647.96

428.80

593.16

765.60

967.24

Profound Medical Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															1,005.38	1,132.94	1,337.42	1,057.37	692.25

Competitive Comparison

For the Medical Devices subindustry, Profound 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.

Profound Medical Days Inventory Distribution

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

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

Profound Medical Days Inventory Calculation

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

Profound Medical'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
=	( (7.941	+	6.989)	/	2 )	/	2.817	*	365
=	7.465					/	2.817	*	365
=	967.24

Profound Medical'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
=	( (7.425	+	6.989)	/	2 )	/	0.95	*	365 / 4
=	7.207					/	0.95	*	365 / 4
=	692.25

Profound Medical (NAS:PROF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.95	/	7.207
	=	0.13

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.207	/	2.009
	=	3.59

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.

Profound Medical Days Inventory Related Terms

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

Profound Medical (Profound Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Profound Medical Corp (NAS:PROF) » Definitions » Days Inventory

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Traded in Other Exchanges

PRN:Canada

Address

2400 Skymark Avenue, Unit 6, Mississauga, ON, CAN, L4W 5K5

Website

https://www.profoundmedical.com

Profound Medical Corp is a commercial-stage medical device company focused on the development and marketing of customizable, incision-free therapeutic systems for the image-guided ablation of diseased tissue utilizing its platform technologies and leveraging the healthcare system's existing imaging infrastructure. The company's product TULSA-PRO system combines real-time MRI, robotically driven transurethral sweeping-action thermal ultrasound with closed-loop temperature feedback control for the ablation of prostate tissue. The product is comprised of one-time-use devices and durable equipment that are used in conjunction with a customer's existing MRI scanner.