Days Inventory is also known as Days Sales of Inventory (DSI). Surmodics's Average Total Inventories for the
three
months ended in Dec. 2023 was $14.6 Mil. Surmodics's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $17.5 Mil.
Hence, Surmodics's Days Inventory for the
three
months ended in Dec. 2023 was 76.47.
The historical rank and industry rank for Surmodics's Days Inventory or its related term are showing as below:
SRDX'
s Days Inventory Range Over the Past 10 Years
Min: 23.37 Med: 38.52 Max: 72.34
Current: 72.34
During the past 13 years, Surmodics's highest Days Inventory was 72.34. The lowest was 23.37. And the median was 38.52.
SRDX's Days Inventory is ranked better than 91.26% of 778
companies
in the Medical Devices & Instruments industry
Industry Median: 187.12
vs SRDX: 72.34
Surmodics's Days Inventory
increased
from Dec. 2022 (62.18) to Dec. 2023 (76.47).
It might indicate that Surmodics'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.
Surmodics's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.19.
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.
Surmodics's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.48.
Surmodics Days Inventory Historical Data
The historical data trend for Surmodics'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.
Surmodics Annual Data
Trend
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Days Inventory
23.37
29.16
36.34
47.79
67.99
Surmodics Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
62.18
64.77
71.32
80.29
76.47
Competitive Comparison
For the Medical Devices subindustry, Surmodics'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.
Surmodics Days Inventory Distribution
For the Medical Devices & Instruments industry and Healthcare sector, Surmodics's Days Inventory distribution charts can be found below:
* The bar in red indicates where Surmodics's Days Inventory falls into.
Surmodics Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Surmodics's Days Inventory for the fiscal year that ended in Sep. 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.
Surmodics (NAS:SRDX) 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.
Surmodics'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.
Surmodics'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.
Surmodics Days Inventory Related Terms
Thank you for viewing the detailed overview of Surmodics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Surmodics Inc is a provider of surface modification and in vitro diagnostic technologies to the healthcare industry. The company's mission is to improve the treatment and detection of disease by using its technology to provide solutions to difficult medical devices and diagnostic challenges. It has two reportable segments: Medical device unit; Manufacture of performance coatings, including surface modification coating technologies and the Vitro diagnostics unit; Manufacture of chemical and biological components used in in vitro diagnostic immunoassay and molecular tests within the diagnostic and biomedical research markets. Surmodics derives majority of its revenue from the Medical Device segment.
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