Shockwave Medical (STU:36M) Days Inventory : 353.34 (As of Mar. 2024)

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What is Shockwave Medical Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shockwave Medical's Average Total Inventories for the three months ended in Mar. 2024 was €100.5 Mil. Shockwave Medical's Cost of Goods Sold for the three months ended in Mar. 2024 was €26.0 Mil. Hence, Shockwave Medical's Days Inventory for the three months ended in Mar. 2024 was 353.34.

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

STU:36M' s Days Inventory Range Over the Past 10 Years
Min: 182.99 Med: 324.72 Max: 364.57
Current: 349.82

During the past 7 years, Shockwave Medical's highest Days Inventory was 364.57. The lowest was 182.99. And the median was 324.72.

STU:36M's Days Inventory is ranked worse than
78.69% of 779 companies
in the Medical Devices & Instruments industry
Industry Median: 192.74 vs STU:36M: 349.82

Shockwave Medical's Days Inventory increased from Mar. 2023 (344.73) to Mar. 2024 (353.34). It might indicate that Shockwave Medical's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shockwave Medical's Inventory Turnover for the three months ended in Mar. 2024 was 0.26.

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. Shockwave Medical's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.50.

Shockwave Medical Days Inventory Historical Data

The historical data trend for Shockwave 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.

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Shockwave Medical Days Inventory Chart

Shockwave Medical Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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181.72

374.53

311.43

324.04

353.78

Shockwave Medical 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															344.73	328.49	349.72	372.85	353.34

Competitive Comparison of Shockwave Medical's Days Inventory

For the Medical Devices subindustry, Shockwave 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.

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

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

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

Shockwave Medical Days Inventory Calculation

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

Shockwave Medical'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
=	( (70.906	+	98.657)	/	2 )	/	87.471	*	365
=	84.7815					/	87.471	*	365
=	353.78

Shockwave Medical'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
=	( (98.657	+	102.318)	/	2 )	/	25.951	*	365 / 4
=	100.4875					/	25.951	*	365 / 4
=	353.34

Shockwave Medical (STU:36M) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	25.951	/	100.4875
	=	0.26

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	100.4875	/	201.301
	=	0.50

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.

Shockwave Medical Days Inventory Related Terms

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

Shockwave Medical (STU:36M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shockwave Medical Inc (STU:36M) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SWAV:USA 36M:Germany

Address

5403 Betsy Ross Drive, Santa Clara, CA, USA, 95054

Website

https://www.shockwavemedical.com

ShockWave Medical Inc is a medical device company focused on developing and commercializing products intended to transform the way calcified cardiovascular disease is treated. Its intravascular lithotripsy technology is used in the treatment of calcified plaque. Geographically, the company generates its revenue from the United States, Europe and other countries.

Shockwave Medical (STU:36M) Headlines

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