Sirtex Medical (Sirtex Medical) Days Inventory : 23.96 (As of Jun. 2018)

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What is Sirtex Medical Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sirtex Medical's Average Total Inventories for the six months ended in Jun. 2018 was $1.95 Mil. Sirtex Medical's Cost of Goods Sold for the six months ended in Jun. 2018 was $14.88 Mil. Hence, Sirtex Medical's Days Inventory for the six months ended in Jun. 2018 was 23.96.

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

SRXTY' s Days Inventory Range Over the Past 10 Years
Min: 19.42 Med: 24.95 Max: 39.72
Current: 23.17

During the past 13 years, Sirtex Medical's highest Days Inventory was 39.72. The lowest was 19.42. And the median was 24.95.

SRXTY's Days Inventory is not ranked
in the Biotechnology industry.
Industry Median: 191.14 vs SRXTY: 23.17

Sirtex Medical's Days Inventory increased from Jun. 2017 (20.56) to Jun. 2018 (23.96). It might indicate that Sirtex Medical's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sirtex Medical's Inventory Turnover for the six months ended in Jun. 2018 was 7.62.

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. Sirtex Medical's Inventory-to-Revenue for the six months ended in Jun. 2018 was 0.02.

Sirtex Medical Days Inventory Historical Data

The historical data trend for Sirtex Medical'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.

Sirtex Medical Days Inventory Chart

Sirtex Medical Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Days Inventory

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30.32

25.51

19.82

19.53

23.28

Sirtex Medical Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Days Inventory	Get a 7-Day Free Trial															17.48	21.26	20.56	22.42	23.96

Competitive Comparison of Sirtex Medical's Days Inventory

For the Biotechnology subindustry, Sirtex Medical'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.

Sirtex Medical's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Sirtex Medical's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sirtex Medical's Days Inventory falls into.

Sirtex Medical Days Inventory Calculation

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

Sirtex Medical's Days Inventory for the fiscal year that ended in Jun. 2018 is calculated as

	Days Inventory (A: Jun. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2017 )	+	Total Inventories (A: Jun. 2018 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2018 )	*	Days in Period
=	( (1.508	+	2.085)	/	2 )	/	28.163	*	365
=	1.7965					/	28.163	*	365
=	23.28

Sirtex Medical's Days Inventory for the quarter that ended in Jun. 2018 is calculated as:

	Days Inventory (Q: Jun. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2017 )	+	Total Inventories (Q: Jun. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2018 )	*	Days in Period
=	( (1.821	+	2.085)	/	2 )	/	14.875	*	365 / 2
=	1.953					/	14.875	*	365 / 2
=	23.96

Sirtex Medical (GREY:SRXTY) 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.

Sirtex Medical's Inventory Turnover for the six months ended in Jun. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	14.875	/	1.953
	=	7.62

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.

Sirtex Medical's Inventory to Revenue for the six months ended in Jun. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.953	/	81.963
	=	0.02

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.

Sirtex Medical Days Inventory Related Terms

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

Sirtex Medical (Sirtex Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Sirtex Medical Ltd (GREY:SRXTY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.sirtex.com

Sirtex Medical is an Australian oncology-focused medical device company with a novel embolic radiation therapy device, which is currently used as salvage therapy in the treatment of inoperable liver cancer. Sirtex's key product is SIR-Spheres microspheres, which utilise extremely small resin beads containing radioactive yttrium-90. SIR-Spheres are designed, manufactured, and distributed by Sirtex for approved markets in Asia-Pacific; Europe, Middle East, and Africa, or EMEA; and North America.

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