Icecure Medical (Icecure Medical) Days Inventory : 327.29 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Icecure Medical Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Icecure Medical's Average Total Inventories for the three months ended in Dec. 2023 was $2.46 Mil. Icecure Medical's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.69 Mil. Hence, Icecure Medical's Days Inventory for the three months ended in Dec. 2023 was 327.29.

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

ICCM' s Days Inventory Range Over the Past 10 Years
Min: 153.8 Med: 255.13 Max: 535.48
Current: 509.26

During the past 11 years, Icecure Medical's highest Days Inventory was 535.48. The lowest was 153.80. And the median was 255.13.

ICCM's Days Inventory is ranked worse than
87.28% of 778 companies
in the Medical Devices & Instruments industry
Industry Median: 191.615 vs ICCM: 509.26

Icecure Medical's Days Inventory declined from Dec. 2022 (530.22) to Dec. 2023 (327.29).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Icecure Medical's Inventory Turnover for the three months ended in Dec. 2023 was 0.28.

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. Icecure Medical's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.96.

Icecure Medical Days Inventory Historical Data

The historical data trend for Icecure 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.

* Premium members only.

Icecure Medical Days Inventory Chart

Icecure Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

231.08

228.25

283.57

535.48

485.53

Icecure Medical Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															530.22	676.77	515.12	703.54	327.29

Competitive Comparison of Icecure Medical's Days Inventory

For the Medical Devices subindustry, Icecure 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.

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

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

* The bar in red indicates where Icecure Medical's Days Inventory falls into.

Icecure Medical Days Inventory Calculation

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

Icecure Medical's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2.857	+	2.275)	/	2 )	/	1.929	*	365
=	2.566					/	1.929	*	365
=	485.53

Icecure Medical's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.646	+	2.275)	/	2 )	/	0.686	*	365 / 4
=	2.4605					/	0.686	*	365 / 4
=	327.29

Icecure Medical (NAS:ICCM) 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.

Icecure Medical's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.686	/	2.4605
	=	0.28

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.

Icecure Medical's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.4605	/	1.255
	=	1.96

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.

Icecure Medical Days Inventory Related Terms

Thank you for viewing the detailed overview of Icecure Medical's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Icecure Medical (Icecure Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Icecure Medical Ltd (NAS:ICCM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Haeshel Street, Southern Industrial Park, PO Box 3163, Caesarea, ISR, 3079504

Website

https://www.icecure-medical.com

Icecure Medical Ltd is a commercial-stage medical device company. The company is engaged in the research, development, and marketing of cryoablation systems and technologies based on liquid nitrogen, or LN2, for treating tumors. Its cryoablation technology is a minimally invasive alternative to surgical intervention, for tumors, including those found in the breast, lungs, kidneys, bones, and other indications.