ANIK (Anika Therapeutics) Days Inventory: 178.91 (As of Mar. 2026) — 27% Below Median


ANIK Anika Therapeutics Inc ANIK
64 GF Score
Price $15.61
GF Value $20.59
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Anika Therapeutics Days Inventory?

Anika Therapeutics ANIK -2.86% 64 Days Inventory is 178.91 as of Mar. 2026, which is 27% below its 10-year median of 243.85. GuruFocus rates ANIK with a GF Score™ of 64/100 and a GF Value™ of $20.59 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 923 Drug Manufacturers companies, Anika Therapeutics ranks better than 58.18% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Anika Therapeutics's Average Total Inventories for the three months ended in Mar. 2026 was $20.8 Mil. Anika Therapeutics's Cost of Goods Sold for the three months ended in Mar. 2026 was $10.6 Mil. Hence, Anika Therapeutics's Days Inventory for the three months ended in Mar. 2026 was 178.91.

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

ANIK' s Days Inventory Range Over the Past 10 Years
Min: 145.83   Med: 243.85   Max: 340.56
Current: 145.83

During the past 13 years, Anika Therapeutics's highest Days Inventory was 340.56. The lowest was 145.83. And the median was 243.85.

ANIK's Days Inventory is ranked better than
58.18% of 923 companies
in the Drug Manufacturers industry
Industry Median: 164.48 vs ANIK: 145.83

Anika Therapeutics's Days Inventory declined from Mar. 2025 (179.31) to Mar. 2026 (178.91).

Inventory Turnover measures how fast the company turns over its inventory within a year. Anika Therapeutics's Inventory Turnover for the three months ended in Mar. 2026 was 0.51.

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. Anika Therapeutics's Inventory-to-Revenue for the three months ended in Mar. 2026 was 0.70.


Anika Therapeutics  (NAS:ANIK) 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.

Anika Therapeutics's Inventory Turnover for the three months ended in Mar. 2026 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.

Anika Therapeutics's Inventory to Revenue for the three months ended in Mar. 2026 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.


Anika Therapeutics Days Inventory Related Terms


Anika Therapeutics Days Inventory Historical Data

* Premium members only.

The historical data trend for Anika Therapeutics'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.

Anika Therapeutics Days Inventory Chart

Anika Therapeutics Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 231.38 340.56 306.20 200.49 158.61

Anika Therapeutics Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 179.31 125.98 123.85 139.92 178.91

ANIK vs LFCR, DERM, ASRT: Days Inventory Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Anika Therapeutics'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.


Anika Therapeutics Days Inventory vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Anika Therapeutics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Anika Therapeutics's Days Inventory falls into.


ANIK
64GF Score
Anika Therapeutics Inc ANIK
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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Anika Therapeutics Days Inventory Calculation

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

Anika Therapeutics's Days Inventory for the fiscal year that ended in Dec. 2025 is calculated as

Days Inventory (A: Dec. 2025 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (23.809 + 18.787) / 2 ) / 49.012*365
=21.298 / 49.012*365
=158.61

Anika Therapeutics's Days Inventory for the quarter that ended in Mar. 2026 is calculated as:

Days Inventory (Q: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (18.787 + 22.838) / 2 ) / 10.615*365 / 4
=20.8125 / 10.615*365 / 4
=178.91

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 178.91 mean?
Anika Therapeutics (ANIK) has a Days Inventory of 178.91 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Anika Therapeutics and its competitors. This is 27% below median its historical median of 243.85. Over the past decade, Anika Therapeutics' Days Inventory has ranged from 145.83 to 340.56. According to the industry distribution chart, Anika Therapeutics ranks #386 out of 923 companies in the Drug Manufacturers industry, placing it in the top 41.8%.
Is Anika Therapeutics' Days Inventory too high?
Anika Therapeutics' current Days Inventory of 178.91 is 27% below median its 10-year median of 243.85. Over the past 10 years, this metric has ranged from a low of 145.83 to a high of 340.56. The Drug Manufacturers industry median Days Inventory is 164.48. Anika Therapeutics' value of 178.91 is 8.8% above this industry median. Based on the distribution chart, Anika Therapeutics ranks #386 out of 923 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Anika Therapeutics has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Anika Therapeutics' Days Inventory compare to LFCR and DERM?
According to the Drug Manufacturers industry distribution chart, Anika Therapeutics ranks #386 out of 923 companies for Days Inventory. This puts Anika Therapeutics in the upper half of its industry. The industry median Days Inventory is 164.48. Anika Therapeutics' value of 178.91 is 8.8% above this benchmark. Historically, Anika Therapeutics' own Days Inventory has ranged from 145.83 to 340.56 over the past decade. While the company's 10-year median is 243.85 vs. the industry median of 164.48, Anika Therapeutics has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Drug Manufacturers company?
The median Days Inventory among Drug Manufacturers companies is 164.48, based on 923 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Anika Therapeutics's current Days Inventory of 178.91 is 8.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Anika Therapeutics and its competitors. For the Drug Manufacturers industry, the median Days Inventory is 164.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anika Therapeutics's current Days Inventory is 178.91, which is 27% below median its own 10-year median of 243.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anika Therapeutics stock overvalued right now?
Based on GuruFocus' analysis, Anika Therapeutics (ANIK) is currently considered Modestly Undervalued. The stock's GF Value™ is $20.59, compared to a current price of $15.61 — trading 24.2% below its estimated fair value. The current Days Inventory is 178.91, which is 27% below median its 10-year median of 243.85 and 8.8% above the Drug Manufacturers industry median of 164.48. Anika Therapeutics' overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Anika Therapeutics (ANIK), the current Days Inventory is 178.91 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Anika Therapeutics (ANIK) Overvalued in 2026?

Based on GuruFocus' analysis, Anika Therapeutics stock appears to be undervalued. The current stock price of $15.61 is trading 24.2% below its estimated GF Value™ of $20.59. GuruFocus considers Anika Therapeutics to be Modestly Undervalued.

Key valuation signals for ANIK:

  • Days Inventory: 178.91 (27% below median its 10-year median of 243.85)
  • GF Value™: $20.59 vs. price of $15.61 (24.2% below fair value)
  • GF Score™: 64/100 with 4 warning signs
  • Industry Position: 8.8% above the Drug Manufacturers median (#386 of 923)

No single metric tells the full story. See the ANIK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anika Therapeutics Business Description

Other Exchanges AKP:Germany
Address 32 Wiggins Avenue, Bedford, MA, USA, 01730
Anika Therapeutics Inc operates in the OA Pain Management and regenerative solutions space, focusing on early intervention orthopedics. The company leverages proprietary hyaluronic acid (HA) technology to develop differentiated products and provides products and services. Its OA Pain Management products include Orthovisc, Monovisc, and Cingal. Monovisc and Orthovisc are single- and multi-injection HA viscosupplement products indicated for pain relief from OA conditions and are generally administered to patients in an office setting. In the United States, Monovisc and Orthovisc are marketed exclusively by Johnson & Johnson MedTech. It generates maximum revenue from the OEM Channel and derives the majority of its revenue from the United States, with a presence in Europe and other countries.
64GF Score

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Days Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$15.61
Price
$20.59
GF Value