Days Inventory is also known as Days Sales of Inventory (DSI). ResMed's Average Total Inventories for the
three
months ended in Dec. 2023 was $946 Mil. ResMed's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $516 Mil.
Hence, ResMed's Days Inventory for the
three
months ended in Dec. 2023 was 167.29.
The historical rank and industry rank for ResMed's Days Inventory or its related term are showing as below:
RMD'
s Days Inventory Range Over the Past 10 Years
Min: 97.49 Med: 112.06 Max: 176.54
Current: 176.54
During the past 13 years, ResMed's highest Days Inventory was 176.54. The lowest was 97.49. And the median was 112.06.
RMD's Days Inventory is ranked better than 53.28% of 777
companies
in the Medical Devices & Instruments industry
Industry Median: 187.06
vs RMD: 176.54
ResMed's Days Inventory
declined
from Dec. 2022 (186.29) to Dec. 2023 (167.29).
Inventory Turnover measures how fast the company turns over its inventory within a year.
ResMed's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.55.
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.
ResMed's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.81.
ResMed Days Inventory Historical Data
The historical data trend for ResMed'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.
ResMed Annual Data
Trend
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Jun20
Jun21
Jun22
Jun23
Days Inventory
101.44
112.89
117.47
141.05
170.24
ResMed Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
186.29
182.83
181.65
177.70
167.29
Competitive Comparison
For the Medical Instruments & Supplies subindustry, ResMed'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.
ResMed Days Inventory Distribution
For the Medical Devices & Instruments industry and Healthcare sector, ResMed's Days Inventory distribution charts can be found below:
* The bar in red indicates where ResMed's Days Inventory falls into.
ResMed Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
ResMed's Days Inventory for the fiscal year that ended in Jun. 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.
ResMed (NYSE:RMD) 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.
ResMed'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.
ResMed'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.
ResMed Days Inventory Related Terms
Thank you for viewing the detailed overview of ResMed's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
ResMed is one of the largest respiratory care device companies globally, primarily developing and supplying flow generators, masks and accessories for the treatment of sleep apnea. Increasing diagnosis of sleep apnea combined with ageing populations and increasing prevalence of obesity is resulting in a structurally growing market. The company earns roughly two thirds of its revenue in the Americas and the balance across other regions dominated by Europe, Japan and Australia. Recent developments and acquisitions have focused on digital health as ResMed is aiming to differentiate itself through the provision of clinical data for use by the patient, medical care advisor and payer in the out-of-hospital setting.
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