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Days Inventory is also known as Days Sales of Inventory (DSI). CareView Communications's Average Total Inventories for the three months ended in Dec. 2024 was $0.37 Mil. CareView Communications's Cost of Goods Sold for the three months ended in Dec. 2024 was $0.86 Mil. Hence, CareView Communications's Days Inventory for the three months ended in Dec. 2024 was 39.13.
The historical rank and industry rank for CareView Communications's Days Inventory or its related term are showing as below:
During the past 13 years, CareView Communications's highest Days Inventory was 53.88. The lowest was 34.43. And the median was 43.58.
CareView Communications's Days Inventory increased from Dec. 2023 (30.63) to Dec. 2024 (39.13). It might indicate that CareView Communications's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. CareView Communications's Inventory Turnover for the three months ended in Dec. 2024 was 2.33.
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. CareView Communications's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.17.
The historical data trend for CareView Communications'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.
CareView Communications Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Days Inventory | Get a 7-Day Free Trial |
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53.88 | 49.64 | 43.58 | 34.43 | 38.93 |
CareView Communications Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Days Inventory | Get a 7-Day Free Trial |
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30.63 | 32.33 | 43.16 | 31.56 | 39.13 |
For the Health Information Services subindustry, CareView Communications'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.
For the Healthcare Providers & Services industry and Healthcare sector, CareView Communications's Days Inventory distribution charts can be found below:
* The bar in red indicates where CareView Communications's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
CareView Communications'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 |
= | ( (0.294 | + | 0.418) | / | 2 ) | / | 3.338 | * | 365 |
= | 0.356 | / | 3.338 | * | 365 | ||||
= | 38.93 |
CareView Communications'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: Sep. 2024 ) | + | Total Inventories (Q: Dec. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Dec. 2024 ) | * | Days in Period |
= | ( (0.317 | + | 0.418) | / | 2 ) | / | 0.857 | * | 365 / 4 |
= | 0.3675 | / | 0.857 | * | 365 / 4 | ||||
= | 39.13 |
* 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.
CareView Communications (OTCPK:CRVW) 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.
CareView Communications's Inventory Turnover for the three months ended in Dec. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 0.857 | / | 0.3675 | |
= | 2.33 |
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.
CareView Communications's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 0.3675 | / | 2.142 | |
= | 0.17 |
* 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.
Thank you for viewing the detailed overview of CareView Communications's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
James R Higgins | director | 405 HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067 |
L. Allen Wheeler | director, 10 percent owner | 515 GILL FARRELL, DURANT OK 74701 |
Stephen G Johnson | director, 10 percent owner, officer: President and COO | 804 TREE HAVEN CT., HIGHLAND VILLAGE TX 75077 |
Steven B Epstein | director | |
Jon E Freeman | officer: Chief Financial Officer | 405 STATE HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067 |
David Richard White | director | 405 STATE HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067 |
Jason T Thompson | director | 405 HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067 |
Sandra K Mcree | officer: COO | 405 HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067 |
Anthony P Piccin | officer: Chief Financial Officer | 3704 EVERTON DRIVE, FLOWER MOUND TX 75022 |
Gerald L Murphy | director | PO BOX 4696, TULSA OK 74159 |
Jeffrey C Lightcap | director, 10 percent owner | 152 W 57TH STREET 43RD FLOOR, NEW YORK NY 10019 |
Healthcor Partners Lp | director, 10 percent owner | 152 W 57TH STREET 43RD FLOOR, NEW YORK NY 10019 |
Healthcor Partners Fund Lp | director, 10 percent owner | Carnegie Hall Tower, 152 West 57th Street, 47th Floor, New York NY 10019 |
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From GuruFocus
By GuruFocus News • 03-31-2025
By GuruFocus News • 03-31-2025
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