CNVVY (ConvaTec Group) Days Inventory : 128.93 (As of Dec. 2024)

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What is ConvaTec Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ConvaTec Group's Average Total Inventories for the six months ended in Dec. 2024 was $364 Mil. ConvaTec Group's Cost of Goods Sold for the six months ended in Dec. 2024 was $515 Mil. Hence, ConvaTec Group's Days Inventory for the six months ended in Dec. 2024 was 128.93.

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

CNVVY' s Days Inventory Range Over the Past 10 Years
Min: 97.45 Med: 120.9 Max: 144.6
Current: 136.09

During the past 12 years, ConvaTec Group's highest Days Inventory was 144.60. The lowest was 97.45. And the median was 120.90.

CNVVY's Days Inventory is ranked better than
66.84% of 784 companies
in the Medical Devices & Instruments industry
Industry Median: 183.37 vs CNVVY: 136.09

ConvaTec Group's Days Inventory declined from Dec. 2023 (153.18) to Dec. 2024 (128.93).

Inventory Turnover measures how fast the company turns over its inventory within a year. ConvaTec Group's Inventory Turnover for the six months ended in Dec. 2024 was 1.42.

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. ConvaTec Group's Inventory-to-Revenue for the six months ended in Dec. 2024 was 0.31.

ConvaTec Group Days Inventory Historical Data

The historical data trend for ConvaTec 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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ConvaTec Group Days Inventory Chart

ConvaTec Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

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120.67

120.82

121.66

142.04

135.33

ConvaTec Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Inventory	Get a 7-Day Free Trial															125.08	146.68	153.18	144.16	128.93

Competitive Comparison of ConvaTec Group's Days Inventory

For the Medical Instruments & Supplies subindustry, ConvaTec 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.

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

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

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

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ConvaTec Group Days Inventory Calculation

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

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

	Days Inventory (A: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (396.1	+	349.6)	/	2 )	/	1005.6	*	365
=	372.85					/	1005.6	*	365
=	135.33

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

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (378.5	+	349.6)	/	2 )	/	515.3	*	365 / 2
=	364.05					/	515.3	*	365 / 2
=	128.93

ConvaTec Group (OTCPK:CNVVY) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	515.3	/	364.05
	=	1.42

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	364.05	/	1175.8
	=	0.31

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.

ConvaTec Group Days Inventory Related Terms

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ConvaTec Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » ConvaTec Group PLC (OTCPK:CNVVY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CNVVF:USA CTECl:UK CTEC:UK 2CV:Germany

Address

20 Eastbourne Terrace, 7th Floor, Paddington, London, GBR, W2 6LG

Website

https://www.convatecgroup.com

Originally spun out of Bristol-Myers Squibb, ConvaTec designs, manufactures, and markets advanced wound care, ostomy, continence care, and infusion sets for the acute-care hospital and chronic-care home settings. Advanced wound care and ostomy supplies are the largest divisions, accounting for 33% and 28% of total revenue, respectively. Continence care has become a slightly smaller business (21% of revenue) following the decision to exit the acute care market, and infusion sets contribute 18% of consolidated revenue.