iNeedMD Holdings (iNeedMD Holdings) Days Inventory : 62.59 (As of Mar. 2016)

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What is iNeedMD Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). iNeedMD Holdings's Average Total Inventories for the three months ended in Mar. 2016 was $0.58 Mil. iNeedMD Holdings's Cost of Goods Sold for the three months ended in Mar. 2016 was $0.84 Mil. Hence, iNeedMD Holdings's Days Inventory for the three months ended in Mar. 2016 was 62.59.

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

NEMD's Days Inventory is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 190.88
* Ranked among companies with meaningful Days Inventory only.

iNeedMD Holdings's Days Inventory declined from Mar. 2015 (2,745.10) to Mar. 2016 (62.59).

Inventory Turnover measures how fast the company turns over its inventory within a year. iNeedMD Holdings's Inventory Turnover for the three months ended in Mar. 2016 was 1.46.

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.

iNeedMD Holdings Days Inventory Historical Data

The historical data trend for iNeedMD Holdings'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.

* Premium members only.

iNeedMD Holdings Days Inventory Chart

iNeedMD Holdings Annual Data

Trend

Nov12

Nov13

Nov14

Dec15

Days Inventory

2,631.70

iNeedMD Holdings Quarterly Data
	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Mar15	Jun15	Sep15	Dec15	Mar16
Days Inventory	Get a 7-Day Free Trial										2,745.10	-	4,545.69	901.31	62.59

Competitive Comparison of iNeedMD Holdings's Days Inventory

For the Medical Devices subindustry, iNeedMD Holdings'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.

iNeedMD Holdings's Days Inventory Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where iNeedMD Holdings's Days Inventory falls into.

iNeedMD Holdings Days Inventory Calculation

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

iNeedMD Holdings's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as

	Days Inventory (A: Dec. 2015 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Nov. 2014 )	+	Total Inventories (A: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2015 )	*	Days in Period
=	( (0	+	0.995)	/	1 )	/	0.138	*	365
=	0.995					/	0.138	*	365
=	2,631.70

iNeedMD Holdings's Days Inventory for the quarter that ended in Mar. 2016 is calculated as:

	Days Inventory (Q: Mar. 2016 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2015 )	+	Total Inventories (Q: Mar. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2016 )	*	Days in Period
=	( (0.995	+	0.156)	/	2 )	/	0.839	*	365 / 4
=	0.5755					/	0.839	*	365 / 4
=	62.59

iNeedMD Holdings (GREY:NEMD) 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.

iNeedMD Holdings's Inventory Turnover for the three months ended in Mar. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.839	/	0.5755
	=	1.46

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.

iNeedMD Holdings's Inventory to Revenue for the three months ended in Mar. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.5755	/	0
	=

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.

iNeedMD Holdings Days Inventory Related Terms

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

iNeedMD Holdings (iNeedMD Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » iNeedMD Holdings Inc (GREY:NEMD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

650 First Avenue, Third Floor, New York, NY, USA, 10016

Website

http://www.ineedmd.com

iNeedMD Holdings Inc is a United States of America based medical device development company. The company's products include The EKG Glove and Portable ECG devices. Its product development programs focus on easy-to-use systems for collecting a plurality of diagnostic information and transmitting that data to local and remote locations. The EKG Glove provides healthcare workers with a standardized ECG solution that enables to quickly and accurately assess an individual's cardiac health.

Executives

Thomas Albert Nicolette

director, officer: President and CEO

7 SPRING HOLLOW ROAD, CENTERPORT NY 11721

iNeedMD Holdings (iNeedMD Holdings) Headlines

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