The historical rank and industry rank for Nova Eye Medical's Days Inventory or its related term are showing as below:
ELXMF'
s Days Inventory Range Over the Past 10 Years
Min: 182.8 Med: 269.64 Max: 1752.41
Current: 757.21
During the past 13 years, Nova Eye Medical's highest Days Inventory was 1752.41. The lowest was 182.80. And the median was 269.64.
ELXMF's Days Inventory is ranked worse than 93.32% of 779
companies
in the Medical Devices & Instruments industry
Industry Median: 192.74
vs ELXMF: 757.21
Nova Eye Medical's Days Inventory
increased
from Dec. 2022 (326.06) to Dec. 2023 (601.32).
It might indicate that Nova Eye Medical's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Nova Eye Medical's Inventory Turnover for the
six
months ended in Dec. 2023 was 0.30.
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.
Nova Eye Medical's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.39.
Nova Eye Medical Days Inventory Historical Data
The historical data trend for Nova Eye 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 Nova Eye Medical's Days Inventory
For the Medical Devices subindustry, Nova Eye 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.
Nova Eye Medical's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Nova Eye Medical's Days Inventory distribution charts can be found below:
* The bar in red indicates where Nova Eye Medical's Days Inventory falls into.
Nova Eye Medical Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Nova Eye Medical's Days Inventory for the fiscal year that ended in Jun. 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.
Nova Eye Medical (OTCPK:ELXMF) 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.
Nova Eye Medical's Inventory Turnover for the
six
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.
Nova Eye Medical's Inventory to Revenue for the
six
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.
Nova Eye Medical Days Inventory Related Terms
Thank you for viewing the detailed overview of Nova Eye Medical's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Nova Eye Medical (Nova Eye Medical) Business Description
Nova Eye Medical Ltd is a medical technology company that develops, manufactures and sells a portfolio of proprietary ophthalmic treatment technologies and devices. Used by eye surgeons globally, these technologies include iTrack minimally invasive glaucoma surgery (MIGS), a consumable surgical device that restores the eye's natural outflow pathway to lower pressure inside the eye and to eliminate patient reliance on anti-glaucoma medications for mild-moderate glaucoma. The company's operating segment include AlphaRET and Glaucoma Surgical Devices, it generates maximum revenue from Glaucoma Surgical Devices. Geographically, it derives a majority of revenue from the United States of America.
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