Integral Diagnostics (ASX:IDX) Days Inventory : 29.66 (As of Dec. 2023)

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What is Integral Diagnostics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Integral Diagnostics's Average Total Inventories for the six months ended in Dec. 2023 was A$1.9 Mil. Integral Diagnostics's Cost of Goods Sold for the six months ended in Dec. 2023 was A$11.4 Mil. Hence, Integral Diagnostics's Days Inventory for the six months ended in Dec. 2023 was 29.66.

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

ASX:IDX' s Days Inventory Range Over the Past 10 Years
Min: 12.88 Med: 20.35 Max: 28.09
Current: 28.09

During the past 8 years, Integral Diagnostics's highest Days Inventory was 28.09. The lowest was 12.88. And the median was 20.35.

ASX:IDX's Days Inventory is ranked better than
77.49% of 191 companies
in the Medical Diagnostics & Research industry
Industry Median: 65.4 vs ASX:IDX: 28.09

Integral Diagnostics's Days Inventory increased from Dec. 2022 (22.10) to Dec. 2023 (29.66). It might indicate that Integral Diagnostics's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Integral Diagnostics's Inventory Turnover for the six months ended in Dec. 2023 was 6.15.

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. Integral Diagnostics's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.01.

Integral Diagnostics Days Inventory Historical Data

The historical data trend for Integral Diagnostics'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.

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Integral Diagnostics Days Inventory Chart

Integral Diagnostics Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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12.88

20.35

20.55

20.68

26.99

Integral Diagnostics Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial												21.81	23.66	22.10	27.90	29.66

Competitive Comparison of Integral Diagnostics's Days Inventory

For the Diagnostics & Research subindustry, Integral Diagnostics'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.

Integral Diagnostics's Days Inventory Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Integral Diagnostics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Integral Diagnostics's Days Inventory falls into.

Integral Diagnostics Days Inventory Calculation

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

Integral Diagnostics's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.264	+	1.848)	/	2 )	/	21.04	*	365
=	1.556					/	21.04	*	365
=	26.99

Integral Diagnostics'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.848	+	1.853)	/	2 )	/	11.387	*	365 / 2
=	1.8505					/	11.387	*	365 / 2
=	29.66

Integral Diagnostics (ASX:IDX) 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.

Integral Diagnostics's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.387	/	1.8505
	=	6.15

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.

Integral Diagnostics's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.8505	/	231.253
	=	0.01

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.

Integral Diagnostics Days Inventory Related Terms

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

Integral Diagnostics (ASX:IDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Integral Diagnostics Ltd (ASX:IDX) » Definitions » Days Inventory

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ITGDF:USA

Address

45 William Street, Suite 9.02, Level 9, Melbourne, VIC, AUS, 3000

Website

http://www.integraldiagnostics.com.au

Integral Diagnostics is Australia's fourth-largest diagnostic imaging provider. In Australia, imaging revenues are almost entirely earned via the public health Medicare system. Integral typically earns approximately 90% of group revenue from diagnostic imaging in Australia and the remainder from diagnostic imaging in Auckland, New Zealand. In Australia, Integral services regional areas in Queensland, Victoria, New South Wales, and Western Australia.