Stevanato Group SPA (Stevanato Group SPA) Days Inventory : 109.80 (As of Dec. 2023)

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What is Stevanato Group SPA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Stevanato Group SPA's Average Total Inventories for the three months ended in Dec. 2023 was $287 Mil. Stevanato Group SPA's Cost of Goods Sold for the three months ended in Dec. 2023 was $239 Mil. Hence, Stevanato Group SPA's Days Inventory for the three months ended in Dec. 2023 was 109.80.

The historical rank and industry rank for Stevanato Group SPA's Days Inventory or its related term are showing as below:

STVN' s Days Inventory Range Over the Past 10 Years
Min: 94.31 Med: 102.29 Max: 122.98
Current: 122.98

During the past 6 years, Stevanato Group SPA's highest Days Inventory was 122.98. The lowest was 94.31. And the median was 102.29.

STVN's Days Inventory is ranked better than
73.84% of 776 companies
in the Medical Devices & Instruments industry
Industry Median: 186.925 vs STVN: 122.98

Stevanato Group SPA's Days Inventory increased from Dec. 2022 (99.18) to Dec. 2023 (109.80). It might indicate that Stevanato Group SPA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Stevanato Group SPA's Inventory Turnover for the three months ended in Dec. 2023 was 0.83.

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. Stevanato Group SPA's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.82.

Stevanato Group SPA Days Inventory Historical Data

The historical data trend for Stevanato Group SPA'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.

* Premium members only.

Stevanato Group SPA Days Inventory Chart

Stevanato Group SPA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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106.63

101.35

94.31

102.29

113.22

Stevanato Group SPA Quarterly Data
	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												99.18	128.76	132.38	133.23	109.80

Competitive Comparison of Stevanato Group SPA's Days Inventory

For the Medical Instruments & Supplies subindustry, Stevanato Group SPA'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.

Stevanato Group SPA's Days Inventory Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Stevanato Group SPA's Days Inventory falls into.

Stevanato Group SPA Days Inventory Calculation

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

Stevanato Group SPA'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
=	( (225.905	+	278.431)	/	2 )	/	812.934	*	365
=	252.168					/	812.934	*	365
=	113.22

Stevanato Group SPA'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
=	( (295.782	+	278.431)	/	2 )	/	238.609	*	365 / 4
=	287.1065					/	238.609	*	365 / 4
=	109.80

Stevanato Group SPA (NYSE:STVN) 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.

Stevanato Group SPA's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	238.609	/	287.1065
	=	0.83

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.

Stevanato Group SPA's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	287.1065	/	349.661
	=	0.82

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.

Stevanato Group SPA Days Inventory Related Terms

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Stevanato Group SPA (Stevanato Group SPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Stevanato Group SPA (NYSE:STVN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

87N:Germany

Address

Via Molinella 17, Piombino Dese, Padua, ITA, 35017

Website

https://www.stevanatogroup.com

Stevanato Group SPA is a provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries. It delivers an integrated, end-to-end portfolio of products, processes, and services that address customer needs across the entire drug life cycle including development, clinical, and commercial stages. Stevanato's revenue is geographically diversified, with 60% of sales from Europe, the Middle East and Africa (EMEA), 27% in North America, 10% in Asia-Pacific (APAC), and 3% from South America. It has two segments Biopharmaceutical and Diagnostic Solutions and Engineering.