The historical rank and industry rank for Tecan Group AG's Days Inventory or its related term are showing as below:
LTS:0QLN'
s Days Inventory Range Over the Past 10 Years
Min: 138.58 Med: 182.99 Max: 290.06
Current: 152.96
During the past 13 years, Tecan Group AG's highest Days Inventory was 290.06. The lowest was 138.58. And the median was 182.99.
LTS:0QLN's Days Inventory is ranked better than 62.53% of 782
companies
in the Medical Devices & Instruments industry
Industry Median: 186.935
vs LTS:0QLN: 152.96
Tecan Group AG's Days Inventory
increased
from Jun. 2023 (158.99) to Jun. 2024 (159.37).
It might indicate that Tecan Group AG's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Tecan Group AG's Inventory Turnover for the
six
months ended in Jun. 2024 was 1.15.
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.
Tecan Group AG's Inventory-to-Revenue for the
six
months ended in Jun. 2024 was 0.57.
Tecan Group AG Days Inventory Historical Data
The historical data trend for Tecan Group AG'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.
Competitive Comparison of Tecan Group AG's Days Inventory
For the Medical Instruments & Supplies subindustry, Tecan Group AG'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.
Tecan Group AG's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Tecan Group AG's Days Inventory distribution charts can be found below:
* The bar in red indicates where Tecan Group AG's Days Inventory falls into.
Tecan Group AG Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Tecan Group AG's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Tecan Group AG (LTS:0QLN) 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.
Tecan Group AG's Inventory Turnover for the
six
months ended in Jun. 2024 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.
Tecan Group AG's Inventory to Revenue for the
six
months ended in Jun. 2024 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.
Tecan Group AG Days Inventory Related Terms
Thank you for viewing the detailed overview of Tecan Group AG's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Tecan Group AG sells automated laboratory instruments and solutions for the diagnostics and life sciences research markets. The firm operates in two segments; Life Sciences Business (end-customer business) segment supplies end users with automated workflow solutions directly. These solutions include laboratory instruments, software packages, application know-how, services, consumables, and spare parts, and Partnering Business (OEM business) segment develops and manufactures OEM instruments and components that are distributed by partner companies under their own names. A majority proportion of Tecan's revenue is generated in the Americas and Europe.
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