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Visioneering Technologies (ASX:VTI) Days Inventory : 168.59 (As of Jun. 2024)


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What is Visioneering Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Visioneering Technologies's Average Total Inventories for the six months ended in Jun. 2024 was A$2.81 Mil. Visioneering Technologies's Cost of Goods Sold for the six months ended in Jun. 2024 was A$3.04 Mil. Hence, Visioneering Technologies's Days Inventory for the six months ended in Jun. 2024 was 168.59.

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

ASX:VTI' s Days Inventory Range Over the Past 10 Years
Min: 84.13   Med: 187.94   Max: 1102.36
Current: 186.71

During the past 7 years, Visioneering Technologies's highest Days Inventory was 1102.36. The lowest was 84.13. And the median was 187.94.

ASX:VTI's Days Inventory is ranked worse than
51.21% of 783 companies
in the Medical Devices & Instruments industry
Industry Median: 183.36 vs ASX:VTI: 186.71

Visioneering Technologies's Days Inventory increased from Jun. 2023 (160.66) to Jun. 2024 (168.59). It might indicate that Visioneering Technologies'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. Visioneering Technologies's Inventory Turnover for the six months ended in Jun. 2024 was 1.08.

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. Visioneering Technologies's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.40.


Visioneering Technologies Days Inventory Historical Data

The historical data trend for Visioneering Technologies'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.

Visioneering Technologies Days Inventory Chart

Visioneering Technologies Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 201.99 187.94 84.13 146.45 186.84

Visioneering Technologies Semi-Annual Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 155.37 191.47 160.66 220.92 168.59

Competitive Comparison of Visioneering Technologies's Days Inventory

For the Medical Devices subindustry, Visioneering Technologies'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.


Visioneering Technologies's Days Inventory Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Visioneering Technologies's Days Inventory falls into.


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Visioneering Technologies Days Inventory Calculation

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

Visioneering Technologies's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (2.752 + 3.229) / 2 ) / 5.842*365
=2.9905 / 5.842*365
=186.84

Visioneering Technologies's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (3.229 + 2.384) / 2 ) / 3.038*365 / 2
=2.8065 / 3.038*365 / 2
=168.59

* 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.


Visioneering Technologies  (ASX:VTI) 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.

Visioneering Technologies's Inventory Turnover for the six months ended in Jun. 2024 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.

Visioneering Technologies's Inventory to Revenue for the six months ended in Jun. 2024 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.


Visioneering Technologies Days Inventory Related Terms

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


Visioneering Technologies Business Description

Traded in Other Exchanges
N/A
Address
30 Mansell Court, Suite 215, Alpharetta, GA, USA, 30076
Visioneering Technologies Inc is a medical device company. It designs, manufactures, sells, and distributes its NaturalVue daily disposable multifocal contact lenses for adults with Presbyopia and children with Myopia. The company offers NaturalVue MF contact lenses. Its Multifocal contact lens provides Presbyopia patients with near, intermediate, and distance vision, making it much easier for eye care professionals to fit their patients. It has two reportable segments; North America which includes its operations in the United States and Canada; and Europe/Asia Pacific which includes its operations outside North America.

Visioneering Technologies Headlines

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