Days Inventory is also known as Days Sales of Inventory (DSI). MedMira's Average Total Inventories for the
three
months ended in Jul. 2024 was C$0.19 Mil. MedMira's Cost of Goods Sold for the
three
months ended in Jul. 2024 was C$0.03 Mil.
Hence, MedMira's Days Inventory for the
three
months ended in Jul. 2024 was 650.58.
The historical rank and industry rank for MedMira's Days Inventory or its related term are showing as below:
TSXV:MIR'
s Days Inventory Range Over the Past 10 Years
Min: 38.25 Med: 274.92 Max: 583.14
Current: 372.81
During the past 13 years, MedMira's highest Days Inventory was 583.14. The lowest was 38.25. And the median was 274.92.
TSXV:MIR's Days Inventory is ranked worse than 75.27% of 643
companies
in the Biotechnology industry
Industry Median: 184.2
vs TSXV:MIR: 372.81
MedMira's Days Inventory
increased
from Jul. 2023 (0.00) to Jul. 2024 (650.58).
It might indicate that MedMira'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.
MedMira's Inventory Turnover for the
three
months ended in Jul. 2024 was 0.14.
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.
MedMira's Inventory-to-Revenue for the
three
months ended in Jul. 2024 was 3.01.
MedMira Days Inventory Historical Data
The historical data trend for MedMira'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.
Competitive Comparison of MedMira's Days Inventory
For the Biotechnology subindustry, MedMira'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.
MedMira's Days Inventory Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, MedMira's Days Inventory distribution charts can be found below:
* The bar in red indicates where MedMira's Days Inventory falls into.
MedMira Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
MedMira's Days Inventory for the fiscal year that ended in Jul. 2024 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.
MedMira (TSXV:MIR) 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.
MedMira's Inventory Turnover for the
three
months ended in Jul. 2024 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.
MedMira's Inventory to Revenue for the
three
months ended in Jul. 2024 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.
MedMira Days Inventory Related Terms
Thank you for viewing the detailed overview of MedMira's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
MedMira Inc is a biotechnology company that is engaged in the business of research, development, and manufacturing of rapid diagnostics and technologies. The company has one reportable operating segment, rapid diagnostic products and services. The product line of the company includes RevealHIV which detects antibodies to HIV-1 and HIV-2 in whole blood, serum or plasma; H Pylori which detects antibodies in serum, plasma, and whole blood; syphilis which detects treponema pallidum antibodies in serum, plasma, and whole blood; among other products. The company generates revenue geographically from North America, Europe, Asia pacific. The majority of the revenue is generated from North America.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSXV:MIR has been successfully added to your 