ViroGates A/S (OCSE:VIRO) Days Inventory : 1,357.14 (As of Mar. 2024)

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What is ViroGates A/S Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ViroGates A/S's Average Total Inventories for the three months ended in Mar. 2024 was kr4.91 Mil. ViroGates A/S's Cost of Goods Sold for the three months ended in Mar. 2024 was kr0.33 Mil. Hence, ViroGates A/S's Days Inventory for the three months ended in Mar. 2024 was 1,357.14.

The historical rank and industry rank for ViroGates A/S's Days Inventory or its related term are showing as below:

OCSE:VIRO' s Days Inventory Range Over the Past 10 Years
Min: 203.35 Med: 488.79 Max: 1375.54
Current: 1206.65

During the past 8 years, ViroGates A/S's highest Days Inventory was 1375.54. The lowest was 203.35. And the median was 488.79.

OCSE:VIRO's Days Inventory is ranked worse than
96.28% of 779 companies
in the Medical Devices & Instruments industry
Industry Median: 192.78 vs OCSE:VIRO: 1206.65

ViroGates A/S's Days Inventory declined from Mar. 2023 (1,639.38) to Mar. 2024 (1,357.14).

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. ViroGates A/S's Inventory Turnover for the three months ended in Mar. 2024 was 0.07.

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. ViroGates A/S's Inventory-to-Revenue for the three months ended in Mar. 2024 was 3.20.

ViroGates A/S Days Inventory Historical Data

The historical data trend for ViroGates A/S'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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ViroGates A/S Days Inventory Chart

ViroGates A/S Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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515.18

203.35

254.21

392.51

1,375.54

ViroGates A/S Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															1,639.38	1,134.46	900.63	1,671.22	1,357.14

Competitive Comparison of ViroGates A/S's Days Inventory

For the Medical Devices subindustry, ViroGates A/S'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.

ViroGates A/S's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, ViroGates A/S's Days Inventory distribution charts can be found below:

* The bar in red indicates where ViroGates A/S's Days Inventory falls into.

ViroGates A/S Days Inventory Calculation

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

ViroGates A/S'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
=	( (3.77	+	5.139)	/	2 )	/	1.182	*	365
=	4.4545					/	1.182	*	365
=	1,375.54

ViroGates A/S's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (5.139	+	4.677)	/	2 )	/	0.33	*	365 / 4
=	4.908					/	0.33	*	365 / 4
=	1,357.14

ViroGates A/S (OCSE:VIRO) 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.

ViroGates A/S's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.33	/	4.908
	=	0.07

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.

ViroGates A/S's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.908	/	1.536
	=	3.20

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.

ViroGates A/S Days Inventory Related Terms

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

ViroGates A/S (OCSE:VIRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » ViroGates A/S (OCSE:VIRO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Banevaenget 13, Birkerod, DNK, DK-3460

Website

https://www.virogates.com

ViroGates A/S is a life science company that develops and sells prognostic products to the healthcare sector. The products are used in hospital emergency services, in particular, to make a clinical decision on hospitalization or discharge of emergency patients. The products can also be used for the prognosis of lifestyle-related diseases such as cardiovascular disease, type 2 diabetes, and cancer. It has developed a product line called suPARnostic to make the suPAR test available as a commercially available test and the ambition is to get the test implemented and used for clinical decision-making.

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