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Days Inventory is also known as Days Sales of Inventory (DSI). Milestone Scientific's Average Total Inventories for the three months ended in Dec. 2024 was $3.71 Mil. Milestone Scientific's Cost of Goods Sold for the three months ended in Dec. 2024 was $0.50 Mil. Hence, Milestone Scientific's Days Inventory for the three months ended in Dec. 2024 was 673.49.
The historical rank and industry rank for Milestone Scientific's Days Inventory or its related term are showing as below:
During the past 13 years, Milestone Scientific's highest Days Inventory was 540.01. The lowest was 155.81. And the median was 302.11.
Milestone Scientific's Days Inventory increased from Dec. 2023 (311.11) to Dec. 2024 (673.49). It might indicate that Milestone Scientific's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year. Milestone Scientific's Inventory Turnover for the three months ended in Dec. 2024 was 0.14.
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. Milestone Scientific's Inventory-to-Revenue for the three months ended in Dec. 2024 was 1.84.
The historical data trend for Milestone Scientific'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.
Milestone Scientific Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Days Inventory | Get a 7-Day Free Trial |
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406.10 | 181.08 | 155.81 | 266.47 | 528.04 |
Milestone Scientific Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Days Inventory | Get a 7-Day Free Trial |
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311.11 | 437.78 | 637.41 | 473.81 | 673.49 |
For the Medical Instruments & Supplies subindustry, Milestone Scientific'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.
For the Medical Devices & Instruments industry and Healthcare sector, Milestone Scientific's Days Inventory distribution charts can be found below:
* The bar in red indicates where Milestone Scientific's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Milestone Scientific's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as
Days Inventory (A: Dec. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Dec. 2023 ) | + | Total Inventories (A: Dec. 2024 )) | / | count ) | / | Cost of Goods Sold (A: Dec. 2024 ) | * | Days in Period |
= | ( (2.638 | + | 3.713) | / | 2 ) | / | 2.195 | * | 365 |
= | 3.1755 | / | 2.195 | * | 365 | ||||
= | 528.04 |
Milestone Scientific's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:
Days Inventory (Q: Dec. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Sep. 2024 ) | + | Total Inventories (Q: Dec. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Dec. 2024 ) | * | Days in Period |
= | ( (3.712 | + | 3.713) | / | 2 ) | / | 0.503 | * | 365 / 4 |
= | 3.7125 | / | 0.503 | * | 365 / 4 | ||||
= | 673.49 |
* 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.
Milestone Scientific (AMEX:MLSS) 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.
Milestone Scientific's Inventory Turnover for the three months ended in Dec. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 0.503 | / | 3.7125 | |
= | 0.14 |
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.
Milestone Scientific's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 3.7125 | / | 2.014 | |
= | 1.84 |
* 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.
Thank you for viewing the detailed overview of Milestone Scientific's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Mcgeehan | director | C/O MILESTONE SCIENTIFIC INC, LIVINGSTON NJ 07039 |
Leonard Osser | director, 10 percent owner, officer: CEO | |
Peter J Milligan | officer: President | 1650 TYSONS BOULEVARD, SUITE 1700, MCLEAN VA 22102 |
Neal I Goldman | director | 170 SOUTHPORT DRIVE, MORRISVILLE NC 27560 |
Leslie Bernhard | director | C/O ADSTAR, INC., 488 S. ROYAL LANE, COPPELL TX 75019 |
Benedetta I Casamento | director | 200 CAMPUS DRIVE, FLORHAM PARK NJ 07932 |
Leonard M Schiller | director | |
Scott L. Kahn | officer: Chief Financial Officer | 425 EAGLE ROCK AVENUE, SUITE 403, ROSELAND NJ 07068 |
Giandomenico Trombetta | director, 10 percent owner | CORSO VENEZIA 44, MILAN L6 20121 |
Joseph D'agostino | officer: CFO & COO | C/O MILESTONE SCIENTIFIC INC., 220 SOUTH ORANGE AVENUE, LIVINGSTON NJ 07039 |
Jan Adriaan Haverhals | officer: President | 110 WHITE ROCK ROAD, APT. 3304, VERONA NJ 07044 |
Brent W Johnston | officer: President | C/O MILESTONE SCIENTIFIC INC., 220 SOUTH ORANGE AVENUE SUITE 102, LIVINGSTON NJ 07039 |
Edward J. Zelnick | director | C/O MILESTONE SCIENTIFIC INC., 220 SOUTH ORANGE AVENUE, LIVINGSTON NJ 07039 |
Daniel S Goldberger | officer: President and CEO | 24 CARPENTER ROAD, CHESTER NY 10918 |
Spa Innovest | director, 10 percent owner, officer: See Remarks | CORSO VENEZIA 44, MILAN L6 20121 |
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