Days Inventory is also known as Days Sales of Inventory (DSI). Avanos Medical's Average Total Inventories for the
three
months ended in Dec. 2023 was $159.9 Mil. Avanos Medical's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $78.3 Mil.
Hence, Avanos Medical's Days Inventory for the
three
months ended in Dec. 2023 was 186.35.
The historical rank and industry rank for Avanos Medical's Days Inventory or its related term are showing as below:
AVNS'
s Days Inventory Range Over the Past 10 Years
Min: 92.38 Med: 175.9 Max: 425.95
Current: 186.73
During the past 13 years, Avanos Medical's highest Days Inventory was 425.95. The lowest was 92.38. And the median was 175.90.
AVNS's Days Inventory is ranked better than 50.39% of 776
companies
in the Medical Devices & Instruments industry
Industry Median: 187.28
vs AVNS: 186.73
Avanos Medical's Days Inventory
declined
from Dec. 2022 (188.94) to Dec. 2023 (186.35).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Avanos Medical's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.49.
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.
Avanos Medical's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.92.
Avanos Medical Days Inventory Historical Data
The historical data trend for Avanos Medical'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.
Competitive Comparison of Avanos Medical's Days Inventory
For the Medical Devices subindustry, Avanos Medical'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.
Avanos Medical's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Avanos Medical's Days Inventory distribution charts can be found below:
* The bar in red indicates where Avanos Medical's Days Inventory falls into.
Avanos Medical Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Avanos Medical's Days Inventory for the fiscal year that 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.
Avanos Medical (NYSE:AVNS) 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.
Avanos Medical'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.
Avanos Medical'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.
Avanos Medical Days Inventory Related Terms
Thank you for viewing the detailed overview of Avanos Medical's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Avanos Medical (Avanos Medical) Business Description
Avanos Medical Inc is a United States-based company that develops and sells medical devices and related services globally. The firm operates in one segment, medical devices, which primarily sells products related to pain management, IV Therapy, and respiratory and digestive health. The company divides its Medical Devices segment into two franchises: Pain Management and Chronic Care. Pain Management provides non-opioid products for acute and interventional pain, including cold and compression therapy. Chronic Care aims at addressing digestive and respiratory issues with feeding tubes and catheters. Avanos generates most of its revenue from its Chronic Care franchise and in North America.
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