INND (Innerscope Hearing Technologies) Days Inventory: 83.65 (As of Dec. 2020)


What is Innerscope Hearing Technologies Days Inventory?

Innerscope Hearing Technologies INND -50.00% Days Inventory is 83.65 as of Dec. 2020.

Days Inventory is also known as Days Sales of Inventory (DSI). Innerscope Hearing Technologies's Average Total Inventories for the three months ended in Dec. 2020 was $0.01 Mil. Innerscope Hearing Technologies's Cost of Goods Sold for the three months ended in Dec. 2020 was $0.01 Mil. Hence, Innerscope Hearing Technologies's Days Inventory for the three months ended in Dec. 2020 was 83.65.

The historical rank and industry rank for Innerscope Hearing Technologies's Days Inventory or its related term are showing as below:

INND's Days Inventory is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 179.785
* Ranked among companies with meaningful Days Inventory only.

Innerscope Hearing Technologies's Days Inventory increased from Dec. 2019 (32.93) to Dec. 2020 (83.65). It might indicate that Innerscope Hearing Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Innerscope Hearing Technologies's Inventory Turnover for the three months ended in Dec. 2020 was 1.09.

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. Innerscope Hearing Technologies's Inventory-to-Revenue for the three months ended in Dec. 2020 was 0.25.

Innerscope Hearing Technologies  (OTCPK:INND) 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.

Innerscope Hearing Technologies's Inventory Turnover for the three months ended in Dec. 2020 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0.006 / 0.0055
=1.09

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.

Innerscope Hearing Technologies's Inventory to Revenue for the three months ended in Dec. 2020 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.0055 / 0.022
=0.25

* 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.

Innerscope Hearing Technologies Days Inventory Related Terms

Innerscope Hearing Technologies Days Inventory Historical Data

* Premium members only.

The historical data trend for Innerscope Hearing Technologies'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.

Innerscope Hearing Technologies Days Inventory Chart

Innerscope Hearing Technologies Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Days Inventory
Get a 7-Day Free Trial 0.94 4.97 98.27 40.76 63.48

Innerscope Hearing Technologies Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.93 25.14 51.33 63.88 83.65

INND vs NWCN, NCAP, MOBQ: Days Inventory Comparison

For the Medical Instruments & Supplies subindustry, Innerscope Hearing Technologies'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.

Innerscope Hearing Technologies Days Inventory vs Medical Devices & Instruments Industry

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

* The bar in red indicates where Innerscope Hearing Technologies's Days Inventory falls into.


Innerscope Hearing Technologies Days Inventory Calculation

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

Innerscope Hearing Technologies's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

Days Inventory (A: Dec. 2020 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2019 ) + Total Inventories (A: Dec. 2020 )) / count ) / Cost of Goods Sold (A: Dec. 2020 )*Days in Period
=( (0.019 + 0.005) / 2 ) / 0.069*365
=0.012 / 0.069*365
=63.48

Innerscope Hearing Technologies's Days Inventory for the quarter that ended in Dec. 2020 is calculated as:

Days Inventory (Q: Dec. 2020 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2020 ) + Total Inventories (Q: Dec. 2020 )) / count ) / Cost of Goods Sold (Q: Dec. 2020 )*Days in Period
=( (0.006 + 0.005) / 2 ) / 0.006*365 / 4
=0.0055 / 0.006*365 / 4
=83.65

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 83.65 mean?
Innerscope Hearing Technologies (INND) has a Days Inventory of 83.65 as of Dec. 2020. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Innerscope Hearing Technologies and its competitors.
Is Innerscope Hearing Technologies' Days Inventory too high?
Innerscope Hearing Technologies' current Days Inventory is 83.65. The Medical Devices & Instruments industry median Days Inventory is 179.79. Innerscope Hearing Technologies' value of 83.65 is 53.5% below this industry median.
How does Innerscope Hearing Technologies' Days Inventory compare to NWCN and NCAP?
Innerscope Hearing Technologies' Days Inventory of 83.65 can be compared against companies in the Medical Devices & Instruments industry. The industry median Days Inventory is 179.79. Innerscope Hearing Technologies' value of 83.65 is 53.5% below this benchmark. 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 179.79, based on 786 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. Innerscope Hearing Technologies's current Days Inventory of 83.65 is 53.5% 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 Innerscope Hearing Technologies and its competitors. For the Medical Devices & Instruments industry, the median Days Inventory is 179.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innerscope Hearing Technologies's current Days Inventory is 83.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innerscope Hearing Technologies stock overvalued right now?
Innerscope Hearing Technologies (INND) has a current Days Inventory of 83.65. The current Days Inventory is 83.65 and 53.5% below the Medical Devices & Instruments industry median of 179.79. 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 Innerscope Hearing Technologies (INND), the current Days Inventory is 83.65 as of Dec. 2020. 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.

Innerscope Hearing Technologies Business Description

Address 2151 Professional Drive, Suite 105, Roseville, CA, USA, 95661
Innerscope Hearing Technologies Inc is a manufacturer and distributor of OTC Hearing Aids, Hearing Aid Accessories & Hearing Health-Related Products (Hearing Products) dedicated to addressing the demand for affordable hearing solutions. The company operates retail hearing device clinics in California. InnerScope is focused on leveraging these strategic assets to identify, incubate, and support health-technology ventures positioned for growth in public markets and long-term shareholder value creation.