Nova Eye MedicalELXMF -0.03%55 Days Inventory is 114.29 as of Dec. 2025, which is 70% below its 10-year median of 379.30. GuruFocus rates ELXMF with a GF Score™ of 55/100 and a GF Value™ of $0.02. The stock has 4 warning signs investors should review. Among 787 Medical Devices & Instruments companies, Nova Eye Medical ranks better than 68.11% on this metric.
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: 132.17 Med: 379.3 Max: 1752.41
Current: 132.17
During the past 13 years, Nova Eye Medical's highest Days Inventory was 1752.41. The lowest was 132.17. And the median was 379.30.
ELXMF's Days Inventory is ranked better than 68.11% of 787
companies
in the Medical Devices & Instruments industry
Industry Median: 179.73
vs ELXMF: 132.17
Nova Eye Medical's Days Inventory
declined
from Dec. 2024 (184.81) to Dec. 2025 (114.29).
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. 2025 was 1.60.
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. 2025 was 0.19.
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. 2025 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. 2025 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
Nova Eye Medical Days Inventory Historical Data
* Premium members only.
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.
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 Days Inventory vs 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.
* 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 (ELXMF) has a Days Inventory of 114.29 as of Dec. 2025. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Nova Eye Medical and its competitors. This is 70% below median its historical median of 379.30. Over the past decade, Nova Eye Medical's Days Inventory has ranged from 132.17 to 1,752.41. According to the industry distribution chart, Nova Eye Medical ranks #251 out of 787 companies in the Medical Devices & Instruments industry, placing it in the top 31.9%.
Is Nova Eye Medical's Days Inventory too high?
Nova Eye Medical's current Days Inventory of 114.29 is 70% below median its 10-year median of 379.30. Over the past 10 years, this metric has ranged from a low of 132.17 to a high of 1,752.41. The Medical Devices & Instruments industry median Days Inventory is 179.73. Nova Eye Medical's value of 114.29 is 36.4% below this industry median. Based on the distribution chart, Nova Eye Medical ranks #251 out of 787 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Nova Eye Medical has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Nova Eye Medical's Days Inventory compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Nova Eye Medical ranks #251 out of 787 companies for Days Inventory. This puts Nova Eye Medical in the upper half of its industry. The industry median Days Inventory is 179.73. Nova Eye Medical's value of 114.29 is 36.4% below this benchmark. Historically, Nova Eye Medical's own Days Inventory has ranged from 132.17 to 1,752.41 over the past decade. While the company's 10-year median is 379.30 vs. the industry median of 179.73, Nova Eye Medical has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Medical Devices & Instruments company?
The median Days Inventory among Medical Devices & Instruments companies is 179.73, based on 787 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nova Eye Medical's current Days Inventory of 114.29 is 36.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Nova Eye Medical and its competitors. For the Medical Devices & Instruments industry, the median Days Inventory is 179.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nova Eye Medical's current Days Inventory is 114.29, which is 70% below median its own 10-year median of 379.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nova Eye Medical stock overvalued right now?
Nova Eye Medical (ELXMF) has a current Days Inventory of 114.29. The stock's GF Value™ is $0.02, compared to a current price of $0.01 — trading 28.5% below its estimated fair value. The current Days Inventory is 114.29, which is 70% below median its 10-year median of 379.30 and 36.4% below the Medical Devices & Instruments industry median of 179.73. Nova Eye Medical's overall GF Score™ is 55/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Nova Eye Medical (ELXMF), the current Days Inventory is 114.29 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nova Eye Medical (ELXMF) Overvalued in 2026?
Based on GuruFocus' analysis, Nova Eye Medical stock appears to be undervalued.
The current stock price of $0.01 is trading 28.5% below its estimated GF Value™ of $0.02.
Key valuation signals for ELXMF:
Days Inventory: 114.29 (70% below median its 10-year median of 379.30)
GF Value™: $0.02 vs. price of $0.01 (28.5% below fair value)
Industry Position: 36.4% below the Medical Devices & Instruments median (#251 of 787)
No single metric tells the full story. See the ELXMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nova Eye Medical Ltd develops and sells surgical devices for the treatment of glaucoma, a cause of blindness. In addition, the company is involved in the commercialisation of the subthreshold nano-pulse ophthalmic laser, 2RT, for the treatment of retinal disease via the AlphaRET segment. The company's reportable segments are: Glaucoma Surgical Devices and AlphaRET. The majority of its revenue is generated from the Glaucoma Surgical Devices segment, which is involved in the design, manufacture, marketing, and sale of the iTrack, iTrack Advance, and the Molteno3 glaucoma surgical device. These are all single-use surgical devices. Geographically, the company generates maximum revenue from the United States of America, followed by Europe, the Asia Pacific, Other regions, and Australia.
55GF Score
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