Creo Medical Group (LSE:CREO) Days Inventory : 201.25 (As of Dec. 2023)

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What is Creo Medical Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Creo Medical Group's Average Total Inventories for the six months ended in Dec. 2023 was £8.05 Mil. Creo Medical Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £7.30 Mil. Hence, Creo Medical Group's Days Inventory for the six months ended in Dec. 2023 was 201.25.

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

LSE:CREO' s Days Inventory Range Over the Past 10 Years
Min: 199.38 Med: 232.09 Max: 18660.63
Current: 199.38

During the past 9 years, Creo Medical Group's highest Days Inventory was 18660.63. The lowest was 199.38. And the median was 232.09.

LSE:CREO's Days Inventory is ranked worse than
51.94% of 772 companies
in the Medical Devices & Instruments industry
Industry Median: 192.76 vs LSE:CREO: 199.38

Creo Medical Group's Days Inventory declined from Dec. 2022 (231.52) to Dec. 2023 (201.25).

Inventory Turnover measures how fast the company turns over its inventory within a year. Creo Medical Group's Inventory Turnover for the six months ended in Dec. 2023 was 0.91.

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. Creo Medical Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.53.

Creo Medical Group Days Inventory Historical Data

The historical data trend for Creo Medical Group'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.

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Creo Medical Group Days Inventory Chart

Creo Medical Group Annual Data

Trend

Feb14

Feb15

Feb16

Jun17

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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18,660.63

255.07

205.89

232.09

204.87

Creo Medical Group Semi-Annual Data
	Feb14	Feb15	Feb16	Dec16	Jun17	Dec17	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial												206.61	214.77	231.52	192.52	201.25

Competitive Comparison of Creo Medical Group's Days Inventory

For the Medical Devices subindustry, Creo Medical Group'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.

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

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

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

Creo Medical Group Days Inventory Calculation

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

Creo Medical Group'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
=	( (9.3	+	8.1)	/	2 )	/	15.5	*	365
=	8.7					/	15.5	*	365
=	204.87

Creo Medical Group'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (8	+	8.1)	/	2 )	/	7.3	*	365 / 2
=	8.05					/	7.3	*	365 / 2
=	201.25

Creo Medical Group (LSE:CREO) 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.

Creo Medical Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.3	/	8.05
	=	0.91

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.

Creo Medical Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.05	/	15.1
	=	0.53

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.

Creo Medical Group Days Inventory Related Terms

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

Creo Medical Group (LSE:CREO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Creo Medical Group PLC (LSE:CREO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

1RC:Germany

Address

Beaufort Park Way, Unit 2, Creo House, Beaufort Park, Chepstow, GBR, NP16 5UH

Website

https://www.creomedical.com

Creo Medical Group PLC is a medical device company engaged in providing services in the field of surgical endoscopy. The company has developed a platform called Croma which is an electrosurgical platform to deliver microwave and bipolar radiofrequency through a single accessory port. The reportable segment of the company is the research and development of electrosurgical medical devices relating to the field of surgical endoscopy.

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