Days Inventory is also known as Days Sales of Inventory (DSI). SANUWAVE Health's Average Total Inventories for the
three
months ended in Dec. 2023 was $2.33 Mil. SANUWAVE Health's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $2.16 Mil.
Hence, SANUWAVE Health's Days Inventory for the
three
months ended in Dec. 2023 was 98.56.
The historical rank and industry rank for SANUWAVE Health's Days Inventory or its related term are showing as below:
SNWV'
s Days Inventory Range Over the Past 10 Years
Min: 80.4 Med: 236.04 Max: 549.54
Current: 90.76
During the past 13 years, SANUWAVE Health's highest Days Inventory was 549.54. The lowest was 80.40. And the median was 236.04.
SNWV's Days Inventory is ranked better than 85.44% of 776
companies
in the Medical Devices & Instruments industry
Industry Median: 186.925
vs SNWV: 90.76
SANUWAVE Health's Days Inventory
increased
from Dec. 2022 (87.45) to Dec. 2023 (98.56).
It might indicate that SANUWAVE Health's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
SANUWAVE Health's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.93.
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.
SANUWAVE Health's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.33.
SANUWAVE Health Days Inventory Historical Data
The historical data trend for SANUWAVE Health'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 SANUWAVE Health's Days Inventory
For the Medical Devices subindustry, SANUWAVE Health'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.
SANUWAVE Health's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, SANUWAVE Health's Days Inventory distribution charts can be found below:
* The bar in red indicates where SANUWAVE Health's Days Inventory falls into.
SANUWAVE Health Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
SANUWAVE Health'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.
SANUWAVE Health (OTCPK:SNWV) 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.
SANUWAVE Health'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.
SANUWAVE Health'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.
SANUWAVE Health Days Inventory Related Terms
Thank you for viewing the detailed overview of SANUWAVE Health's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
SANUWAVE Health (SANUWAVE Health) Business Description
SANUWAVE Health Inc is an ultrasound and shock wave technology company using patented systems of noninvasive, high-energy, acoustic shock waves or low-intensity and non-contact ultrasound for regenerative medicine and other applications. The company's focus is regenerative medicine utilizing noninvasive, acoustic shock waves or ultrasound to produce a biological response resulting in the body healing itself through the repair and regeneration of tissue, musculoskeletal, and vascular structures. The company's two primary systems are UltraMIST and PACE. UltraMIST and PACE are the only two Food and Drug Administration (FDA) approved directed energy systems for wound healing.
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