Sphere Medical Holding (LSE:SPHR) Days Inventory : 4,616.18 (As of Dec. 2016)

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What is Sphere Medical Holding Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sphere Medical Holding's Average Total Inventories for the six months ended in Dec. 2016 was £0.43 Mil. Sphere Medical Holding's Cost of Goods Sold for the six months ended in Dec. 2016 was £0.02 Mil. Hence, Sphere Medical Holding's Days Inventory for the six months ended in Dec. 2016 was 4,616.18.

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

LSE:SPHR' s Days Inventory Range Over the Past 10 Years
Min: 7 Med: 1099.89 Max: 54658.75
Current: 7

During the past 9 years, Sphere Medical Holding's highest Days Inventory was 54658.75. The lowest was 7.00. And the median was 1099.89.

LSE:SPHR's Days Inventory is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 193.465 vs LSE:SPHR: 7.00

Sphere Medical Holding's Days Inventory declined from Dec. 2015 (30,066.88) to Dec. 2016 (4,616.18).

Inventory Turnover measures how fast the company turns over its inventory within a year. Sphere Medical Holding's Inventory Turnover for the six months ended in Dec. 2016 was 0.04.

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. Sphere Medical Holding's Inventory-to-Revenue for the six months ended in Dec. 2016 was 17.92.

Sphere Medical Holding Days Inventory Historical Data

The historical data trend for Sphere Medical Holding'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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Sphere Medical Holding Days Inventory Chart

Sphere Medical Holding Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Days Inventory

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567.78

1,209.06

11,497.50

54,658.75

7,400.38

Sphere Medical Holding Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16
Days Inventory	Get a 7-Day Free Trial						8,896.88	-	30,066.88	24,850.42	4,616.18

Competitive Comparison of Sphere Medical Holding's Days Inventory

For the Medical Devices subindustry, Sphere Medical Holding'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.

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

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

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

Sphere Medical Holding Days Inventory Calculation

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

Sphere Medical Holding's Days Inventory for the fiscal year that ended in Dec. 2016 is calculated as

	Days Inventory (A: Dec. 2016 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2015 )	+	Total Inventories (A: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2016 )	*	Days in Period
=	( (0.384	+	0.427)	/	2 )	/	0.02	*	365
=	0.4055					/	0.02	*	365
=	7,400.38

Sphere Medical Holding's Days Inventory for the quarter that ended in Dec. 2016 is calculated as:

	Days Inventory (Q: Dec. 2016 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2016 )	+	Total Inventories (Q: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2016 )	*	Days in Period
=	( (0.433	+	0.427)	/	2 )	/	0.017	*	365 / 2
=	0.43					/	0.017	*	365 / 2
=	4,616.18

Sphere Medical Holding (LSE:SPHR) 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.

Sphere Medical Holding's Inventory Turnover for the six months ended in Dec. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.017	/	0.43
	=	0.04

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.

Sphere Medical Holding's Inventory to Revenue for the six months ended in Dec. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.43	/	0.024
	=	17.92

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.

Sphere Medical Holding Days Inventory Related Terms

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

Sphere Medical Holding (LSE:SPHR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sphere Medical Holding PLC (LSE:SPHR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Harston Mill, Harston, Cambridge, GBR, CB22 7GG

Website

http://www.spheremedical.com

Sphere Medical Holding Ltd is a UK-based company which is engaged in research and development, manufacturing and sale of medical monitoring and diagnostic equipment within the medical device area. It focuses on developing the Proxima platform for measuring blood gases, electrolytes and metabolites. Proxima is an in-line patient dedicated arterial blood analyser which supports frequent measurements at critical times. It markets its product (Proxima) to critical care market which includes ICU (Intensive Care Unit) and OR (Operating Room). The company's products are used in medical applications, enabling faster clinical decision-making and improved patient outcomes. It operates is business in single reporting segment of Medical devices. Most of the company's revenue comes from Europe.