Days Inventory is also known as Days Sales of Inventory (DSI). Utah Medical Products's Average Total Inventories for the
three
months ended in Dec. 2023 was $9.65 Mil. Utah Medical Products's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $5.24 Mil.
Hence, Utah Medical Products's Days Inventory for the
three
months ended in Dec. 2023 was 168.13.
The historical rank and industry rank for Utah Medical Products's Days Inventory or its related term are showing as below:
UTMD'
s Days Inventory Range Over the Past 10 Years
Min: 102.17 Med: 126.46 Max: 174.18
Current: 174.18
During the past 13 years, Utah Medical Products's highest Days Inventory was 174.18. The lowest was 102.17. And the median was 126.46.
UTMD's Days Inventory is ranked better than 53.94% of 775
companies
in the Medical Devices & Instruments industry
Industry Median: 186.73
vs UTMD: 174.18
Utah Medical Products's Days Inventory
increased
from Dec. 2022 (148.90) to Dec. 2023 (168.13).
It might indicate that Utah Medical Products's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Utah Medical Products's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.54.
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.
Utah Medical Products's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.78.
Utah Medical Products Days Inventory Historical Data
The historical data trend for Utah Medical Products'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 Instruments & Supplies subindustry, Utah Medical Products'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.
Utah Medical Products Days Inventory Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Utah Medical Products's Days Inventory distribution charts can be found below:
* The bar in red indicates where Utah Medical Products's Days Inventory falls into.
Utah Medical Products Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Utah Medical Products'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.
Utah Medical Products (NAS:UTMD) 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.
Utah Medical Products'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.
Utah Medical Products'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.
Utah Medical Products Days Inventory Related Terms
Thank you for viewing the detailed overview of Utah Medical Products's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Utah Medical Products (Utah Medical Products) Business Description
Utah Medical Products Inc is involved in the business of developing, manufacturing, and distributing medical devices that are mainly proprietary, disposable and for hospital use. The firm produces its products for Blood pressure monitoring, Blood collection, Electrosurgery, Gynecology, Neonatal critical care, perinatology, and Urology. The company's product portfolio includes Electrosurgical pens, Tenacula, Endoscopic bulb irrigators, Blood bag spikes. Its products are used mainly in critical care areas, labor and delivery departments of hospitals as well as outpatient clinics and physicians offices.
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