Medeon Biodesign (ROCO:6499) Days Inventory : 22.81 (As of Mar. 2024)

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What is Medeon Biodesign Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Medeon Biodesign's Average Total Inventories for the three months ended in Mar. 2024 was NT$10.7 Mil. Medeon Biodesign's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$43.0 Mil. Hence, Medeon Biodesign's Days Inventory for the three months ended in Mar. 2024 was 22.81.

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

ROCO:6499' s Days Inventory Range Over the Past 10 Years
Min: 17.1 Med: 32.93 Max: 411.6
Current: 28.01

During the past 12 years, Medeon Biodesign's highest Days Inventory was 411.60. The lowest was 17.10. And the median was 32.93.

ROCO:6499's Days Inventory is ranked better than
97.28% of 771 companies
in the Medical Devices & Instruments industry
Industry Median: 192.74 vs ROCO:6499: 28.01

Medeon Biodesign's Days Inventory increased from Dec. 2022 (19.96) to Mar. 2024 (22.81). It might indicate that Medeon Biodesign's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Medeon Biodesign's Inventory Turnover for the three months ended in Mar. 2024 was 4.00.

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. Medeon Biodesign's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.23.

Medeon Biodesign Days Inventory Historical Data

The historical data trend for Medeon Biodesign'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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Medeon Biodesign Days Inventory Chart

Medeon Biodesign Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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17.10

30.50

187.97

411.60

32.93

Medeon Biodesign Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial															19.96	25.28	19.51	17.10	22.81

Competitive Comparison of Medeon Biodesign's Days Inventory

For the Medical Instruments & Supplies subindustry, Medeon Biodesign'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.

Medeon Biodesign's Days Inventory Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Medeon Biodesign's Days Inventory falls into.

Medeon Biodesign Days Inventory Calculation

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

Medeon Biodesign's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	10.059)	/	1 )	/	111.505	*	365
=	10.059					/	111.505	*	365
=	32.93

Medeon Biodesign'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (7.245	+	14.244)	/	2 )	/	42.987	*	365 / 4
=	10.7445					/	42.987	*	365 / 4
=	22.81

Medeon Biodesign (ROCO:6499) 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.

Medeon Biodesign's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42.987	/	10.7445
	=	4.00

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.

Medeon Biodesign's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.7445	/	47.141
	=	0.23

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.

Medeon Biodesign Days Inventory Related Terms

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

Medeon Biodesign (ROCO:6499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Medeon Biodesign Inc (ROCO:6499) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 116, HouGang Street, 7th Floor, Shilin District, Taipei, TWN, 11170

Website

http://www.medeonbio.com

Medeon Biodesign Inc develops medical device products. The main services of the Group are the research and development of medical devices, manufacturing, and sale of injection molding and components of medical devices. The company provides products in the fields of cardiovascular and laparoscopic. Its business includes Medical Device Development Department and Medical Device Components Manufacturing and Sales Department. The majority of the company revenue comes from Medical Device Components Manufacturing and Sales Department segment. The company revenue is mainly derived from the USA.

Medeon Biodesign (ROCO:6499) Headlines

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