Medica SpA (MIL:MDC) Days Inventory : 167.60 (As of Dec. 2023)

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What is Medica SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Medica SpA's Average Total Inventories for the six months ended in Dec. 2023 was €26.32 Mil. Medica SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €28.66 Mil. Hence, Medica SpA's Days Inventory for the six months ended in Dec. 2023 was 167.60.

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

MIL:MDC' s Days Inventory Range Over the Past 10 Years
Min: 175.18 Med: 259.88 Max: 302.31
Current: 190.58

During the past 6 years, Medica SpA's highest Days Inventory was 302.31. The lowest was 175.18. And the median was 259.88.

MIL:MDC's Days Inventory is ranked better than
50.58% of 771 companies
in the Medical Devices & Instruments industry
Industry Median: 192.74 vs MIL:MDC: 190.58

Medica SpA's Days Inventory declined from Dec. 2022 (219.99) to Dec. 2023 (167.60).

Inventory Turnover measures how fast the company turns over its inventory within a year. Medica SpA's Inventory Turnover for the six months ended in Dec. 2023 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. Medica SpA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.56.

Medica SpA Days Inventory Historical Data

The historical data trend for Medica SpA'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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Medica SpA Days Inventory Chart

Medica SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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302.31

212.20

259.88

261.81

175.18

Medica SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial					1,284.82	352.25	219.99	242.54	167.60

Competitive Comparison of Medica SpA's Days Inventory

For the Medical Devices subindustry, Medica SpA'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.

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

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

* The bar in red indicates where Medica SpA's Days Inventory falls into.

Medica SpA Days Inventory Calculation

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

Medica SpA'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
=	( (23.371	+	23.204)	/	2 )	/	48.521	*	365
=	23.2875					/	48.521	*	365
=	175.18

Medica SpA'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
=	( (29.43	+	23.204)	/	2 )	/	28.656	*	365 / 2
=	26.317					/	28.656	*	365 / 2
=	167.60

Medica SpA (MIL:MDC) 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.

Medica SpA's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	28.656	/	26.317
	=	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.

Medica SpA's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.317	/	46.585
	=	0.56

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.

Medica SpA Days Inventory Related Terms

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

Medica SpA (MIL:MDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Medica SpA (MIL:MDC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Degli Artigiani, 7, Medolla, ITA, 41036

Website

https://www.medica.it

Medica SpA is engaged in the development, production, and sale of blood purification products. Some of its product includes plasma fractionators; plasma filters; pico smart and others.