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ContextVision AB (OSL:CONTX) Days Inventory : 101.67 (As of Dec. 2023)


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What is ContextVision AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ContextVision AB's Average Total Inventories for the three months ended in Dec. 2023 was kr1.9 Mil. ContextVision AB's Cost of Goods Sold for the three months ended in Dec. 2023 was kr1.7 Mil. Hence, ContextVision AB's Days Inventory for the three months ended in Dec. 2023 was 101.67.

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

OSL:CONTX' s Days Inventory Range Over the Past 10 Years
Min: 54.34   Med: 107.66   Max: 614.54
Current: 223

During the past 13 years, ContextVision AB's highest Days Inventory was 614.54. The lowest was 54.34. And the median was 107.66.

OSL:CONTX's Days Inventory is ranked worse than
93.83% of 470 companies
in the Healthcare Providers & Services industry
Industry Median: 32.7 vs OSL:CONTX: 223.00

ContextVision AB's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (101.67). It might indicate that ContextVision AB's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. ContextVision AB's Inventory Turnover for the three months ended in Dec. 2023 was 0.90.

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. ContextVision AB's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.06.


ContextVision AB Days Inventory Historical Data

The historical data trend for ContextVision AB'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.

ContextVision AB Days Inventory Chart

ContextVision AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 127.33 134.16 614.54 - 221.50

ContextVision AB 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 131.79 2,284.63 - 101.67

Competitive Comparison of ContextVision AB's Days Inventory

For the Health Information Services subindustry, ContextVision AB'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.


ContextVision AB's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, ContextVision AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where ContextVision AB's Days Inventory falls into.



ContextVision AB Days Inventory Calculation

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

ContextVision AB'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
=( (1.211 + 1.907) / 2 ) / 2.569*365
=1.559 / 2.569*365
=221.50

ContextVision AB'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
=( (1.986 + 1.907) / 2 ) / 1.747*365 / 4
=1.9465 / 1.747*365 / 4
=101.67

* 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.


ContextVision AB  (OSL:CONTX) 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.

ContextVision AB'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.

ContextVision AB'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.


ContextVision AB Days Inventory Related Terms

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


ContextVision AB (OSL:CONTX) Business Description

Traded in Other Exchanges
Address
Klara Norra Kyrkogata 31, Stockholm, SWE, SE-111 22
ContextVision AB is a Sweden-based medical technology company. It develops and sells image enhancement software for medical diagnosis and artificial intelligence. Its product portfolio includes image enhancement software for 2D/3D/4D (dimensional) ultrasound, magnetic resonance imaging (MRI), X-Ray, radiography, and mammography. its geographical segments are Asia, Europe, and America.

ContextVision AB (OSL:CONTX) Headlines

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