Tecan Group AG (XSWX:TECN) Days Inventory : 142.19 (As of Dec. 2023)

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What is Tecan Group AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tecan Group AG's Average Total Inventories for the six months ended in Dec. 2023 was CHF270 Mil. Tecan Group AG's Cost of Goods Sold for the six months ended in Dec. 2023 was CHF347 Mil. Hence, Tecan Group AG's Days Inventory for the six months ended in Dec. 2023 was 142.19.

The historical rank and industry rank for Tecan Group AG's Days Inventory or its related term are showing as below:

XSWX:TECN' s Days Inventory Range Over the Past 10 Years
Min: 138.58 Med: 182.99 Max: 290.06
Current: 149.67

During the past 13 years, Tecan Group AG's highest Days Inventory was 290.06. The lowest was 138.58. And the median was 182.99.

XSWX:TECN's Days Inventory is ranked better than
64.56% of 776 companies
in the Medical Devices & Instruments industry
Industry Median: 187.12 vs XSWX:TECN: 149.67

Tecan Group AG's Days Inventory declined from Dec. 2022 (150.66) to Dec. 2023 (142.19).

Inventory Turnover measures how fast the company turns over its inventory within a year. Tecan Group AG's Inventory Turnover for the six months ended in Dec. 2023 was 1.28.

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. Tecan Group AG's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.51.

Tecan Group AG Days Inventory Historical Data

The historical data trend for Tecan Group AG'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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Tecan Group AG Days Inventory Chart

Tecan Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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173.96

151.16

138.58

142.06

148.09

Tecan Group AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															122.39	138.95	150.66	158.99	142.19

Competitive Comparison of Tecan Group AG's Days Inventory

For the Medical Instruments & Supplies subindustry, Tecan Group AG'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.

Tecan Group AG's Days Inventory Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Tecan Group AG's Days Inventory falls into.

Tecan Group AG Days Inventory Calculation

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

Tecan Group AG'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
=	( (300.588	+	254.368)	/	2 )	/	683.92	*	365
=	277.478					/	683.92	*	365
=	148.09

Tecan Group AG's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (286.387	+	254.368)	/	2 )	/	347.024	*	365 / 2
=	270.3775					/	347.024	*	365 / 2
=	142.19

Tecan Group AG (XSWX:TECN) 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.

Tecan Group AG's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	347.024	/	270.3775
	=	1.28

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.

Tecan Group AG's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	270.3775	/	532.887
	=	0.51

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.

Tecan Group AG Days Inventory Related Terms

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Tecan Group AG (XSWX:TECN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tecan Group AG (XSWX:TECN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TCGGY:USA TCHBF:USA TECNz:UK

Address

Seestrasse 103, Mannedorf, CHE, 8708

Website

https://www.tecan.com

Tecan Group AG sells automated laboratory instruments and solutions for the diagnostics and life science research markets. The firm operates in two segments; Life Sciences Business (end-customer business) segment supplies end users with automated workflow solutions directly. These solutions include laboratory instruments, software packages, application know-how, services, consumables, and spare parts, and Partnering Business (OEM business) segment develops and manufactures OEM instruments and components that are distributed by partner companies under their own names. A majority proportion of Tecan's revenue is generated in the Americas and Europe.

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