Tenon MedicalTNON -4.89%42 Days Inventory is 195.54 as of Mar. 2026, which is 20% above its 10-year median of 163.11. GuruFocus rates TNON with a GF Score™ of 42/100 and a GF Value™ of $0.35 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 786 Medical Devices & Instruments companies, Tenon Medical ranks worse than 59.29% on this metric.
Days Inventory is also known as Days Sales of Inventory (DSI). Tenon Medical's Average Total Inventories for the
three
months ended in Mar. 2026 was $0.93 Mil. Tenon Medical's Cost of Goods Sold for the
three
months ended in Mar. 2026 was $0.43 Mil.
Hence, Tenon Medical's Days Inventory for the
three
months ended in Mar. 2026 was 195.54.
The historical rank and industry rank for Tenon Medical's Days Inventory or its related term are showing as below:
TNON'
s Days Inventory Range Over the Past 10 Years
Min: 82.62 Med: 163.11 Max: 871.94
Current: 204.01
During the past 6 years, Tenon Medical's highest Days Inventory was 871.94. The lowest was 82.62. And the median was 163.11.
TNON's Days Inventory is ranked worse than 59.29% of 786
companies
in the Medical Devices & Instruments industry
Industry Median: 179.6
vs TNON: 204.01
Tenon Medical's Days Inventory
increased
from Mar. 2025 (137.33) to Mar. 2026 (195.54).
It might indicate that Tenon Medical's sales slowed down.
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.
Tenon Medical's Inventory Turnover for the
three
months ended in Mar. 2026 was 0.47.
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.
Tenon Medical's Inventory-to-Revenue for the
three
months ended in Mar. 2026 was 0.67.
Tenon Medical (NAS:TNON) 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.
Tenon Medical's Inventory Turnover for the
three
months ended in Mar. 2026 is calculated as
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.
Tenon Medical's Inventory to Revenue for the
three
months ended in Mar. 2026 is calculated as
* 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.
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.
Tenon Medical Days Inventory Related Terms
Tenon Medical Days Inventory Historical Data
* Premium members only.
The historical data trend for Tenon 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.
TNON vs XAIR, VVOS, BMRA: Days Inventory Comparison
For the Medical Devices subindustry, Tenon 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.
Tenon Medical Days Inventory vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Tenon Medical's Days Inventory distribution charts can be found below:
* The bar in red indicates where Tenon Medical's Days Inventory falls into.
* 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.
Tenon Medical (TNON) has a Days Inventory of 195.54 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Tenon Medical and its competitors. This is 20% above median its historical median of 163.11. Over the past decade, Tenon Medical's Days Inventory has ranged from 82.62 to 871.94. According to the industry distribution chart, Tenon Medical ranks #466 out of 786 companies in the Medical Devices & Instruments industry, placing it in the top 59.3%.
Is Tenon Medical's Days Inventory too high?
Tenon Medical's current Days Inventory of 195.54 is 20% above median its 10-year median of 163.11. Over the past 10 years, this metric has ranged from a low of 82.62 to a high of 871.94. The Medical Devices & Instruments industry median Days Inventory is 179.60. Tenon Medical's value of 195.54 is 8.9% above this industry median. Based on the distribution chart, Tenon Medical ranks #466 out of 786 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Tenon Medical has a GF Score™ of 42/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tenon Medical's Days Inventory compare to XAIR and VVOS?
According to the Medical Devices & Instruments industry distribution chart, Tenon Medical ranks #466 out of 786 companies for Days Inventory. This places Tenon Medical in the lower half of its industry. The industry median Days Inventory is 179.60. Tenon Medical's value of 195.54 is 8.9% above this benchmark. Historically, Tenon Medical's own Days Inventory has ranged from 82.62 to 871.94 over the past decade. While the company's 10-year median is 163.11 vs. the industry median of 179.60, Tenon Medical has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Medical Devices & Instruments company?
The median Days Inventory among Medical Devices & Instruments companies is 179.60, based on 786 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tenon Medical's current Days Inventory of 195.54 is 8.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Tenon Medical and its competitors. For the Medical Devices & Instruments industry, the median Days Inventory is 179.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenon Medical's current Days Inventory is 195.54, which is 20% above median its own 10-year median of 163.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenon Medical stock overvalued right now?
Based on GuruFocus' analysis, Tenon Medical (TNON) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.35, compared to a current price of $0.27 — trading 22.5% below its estimated fair value. The current Days Inventory is 195.54, which is 20% above median its 10-year median of 163.11 and 8.9% above the Medical Devices & Instruments industry median of 179.60. Tenon Medical's overall GF Score™ is 42/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Tenon Medical (TNON), the current Days Inventory is 195.54 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tenon Medical (TNON) Overvalued in 2026?
Based on GuruFocus' analysis, Tenon Medical stock appears to be undervalued.
The current stock price of $0.27 is trading 22.5% below its estimated GF Value™ of $0.35.
GuruFocus considers Tenon Medical to be Modestly Undervalued.
Key valuation signals for TNON:
Days Inventory: 195.54 (20% above median its 10-year median of 163.11)
GF Value™: $0.35 vs. price of $0.27 (22.5% below fair value)
Industry Position: 8.9% above the Medical Devices & Instruments median (#466 of 786)
No single metric tells the full story. See the TNON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tenon Medical Inc is a medical device company that has minimally invasive approach to the sacroiliac joint (the SI Joint) using a single, robust, titanium implant for the treatment of the common types of SI Joint disorders that cause lower back pain. The Company is focused on three commercial opportunities; Primary SI Joint procedures, Revision procedures of failed SI Joint implants, and SI Joint fusion adjunct to a spine fusion construct. The company derives the majority of its revenue from sales of The Catamaran System to a limited number of clinicians.
42GF Score
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