Truscreen Group (ASX:TRU) Days Inventory : 177.37 (As of Sep. 2024)

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What is Truscreen Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Truscreen Group's Average Total Inventories for the six months ended in Sep. 2024 was A$0.66 Mil. Truscreen Group's Cost of Goods Sold for the six months ended in Sep. 2024 was A$0.68 Mil. Hence, Truscreen Group's Days Inventory for the six months ended in Sep. 2024 was 177.37.

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

ASX:TRU' s Days Inventory Range Over the Past 10 Years
Min: 34.81 Med: 178.04 Max: 307.98
Current: 184.1

During the past 10 years, Truscreen Group's highest Days Inventory was 307.98. The lowest was 34.81. And the median was 178.04.

ASX:TRU's Days Inventory is ranked better than
50.32% of 785 companies
in the Medical Devices & Instruments industry
Industry Median: 184.76 vs ASX:TRU: 184.10

Truscreen Group's Days Inventory increased from Sep. 2023 (136.69) to Sep. 2024 (177.37). It might indicate that Truscreen Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Truscreen Group's Inventory Turnover for the six months ended in Sep. 2024 was 1.03.

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. Truscreen Group's Inventory-to-Revenue for the six months ended in Sep. 2024 was 0.69.

Truscreen Group Days Inventory Historical Data

The historical data trend for Truscreen Group'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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Truscreen Group Days Inventory Chart

Truscreen Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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302.79

314.47

193.69

161.12

134.03

Truscreen Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Inventory	Get a 7-Day Free Trial															201.34	175.05	136.69	163.31	177.37

Competitive Comparison of Truscreen Group's Days Inventory

For the Medical Devices subindustry, Truscreen Group'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.

Truscreen Group's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Truscreen Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Truscreen Group's Days Inventory falls into.

Truscreen Group Days Inventory Calculation

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

Truscreen Group's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (0.524	+	0.455)	/	2 )	/	1.333	*	365
=	0.4895					/	1.333	*	365
=	134.03

Truscreen Group's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.455	+	0.859)	/	2 )	/	0.676	*	365 / 2
=	0.657					/	0.676	*	365 / 2
=	177.37

Truscreen Group (ASX:TRU) 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.

Truscreen Group's Inventory Turnover for the six months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.676	/	0.657
	=	1.03

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.

Truscreen Group's Inventory to Revenue for the six months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.657	/	0.95
	=	0.69

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.

Truscreen Group Days Inventory Related Terms

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

Truscreen Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Truscreen Group Ltd (ASX:TRU) » Definitions » Days Inventory

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Traded in Other Exchanges

TRU:New Zealand

Address

C/- HLB Mann Judd Limited, 57 Symonds Street, Level 6, Equitable House, Grafton, Auckland, NZL, 1010

Website

https://www.truscreen.com

Truscreen Group Ltd is a medical device company. The company manufactures and distributes the Truscreen Cervical Cancer screening system which comprises a medical device and process designed to detect the presence in real-time of precancerous and cancerous tissue on the cervix. The product utilizes technology to detect the pre-cancerous change, or cervical intraepithelial neoplasia (CIN), by optical and electrical measurements of cervical tissue. Geographically, the company operates its business in New Zealand, Mexico, China, Russia, Zimbabwe, Vietnam, and other countries. Maximum revenue is generated from China.