Days Inventory is also known as Days Sales of Inventory (DSI). Zomedica's Average Total Inventories for the
three
months ended in Sep. 2024 was $5.47 Mil. Zomedica's Cost of Goods Sold for the
three
months ended in Sep. 2024 was $1.94 Mil.
Hence, Zomedica's Days Inventory for the
three
months ended in Sep. 2024 was 257.59.
The historical rank and industry rank for Zomedica's Days Inventory or its related term are showing as below:
ZOM'
s Days Inventory Range Over the Past 10 Years
Min: 182.52 Med: 186.91 Max: 963.41
Current: 223.61
During the past 11 years, Zomedica's highest Days Inventory was 963.41. The lowest was 182.52. And the median was 186.91.
ZOM's Days Inventory is ranked worse than 61.25% of 782
companies
in the Medical Devices & Instruments industry
Industry Median: 186.935
vs ZOM: 223.61
Zomedica's Days Inventory
increased
from Sep. 2023 (169.42) to Sep. 2024 (257.59).
It might indicate that Zomedica's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Zomedica's Inventory Turnover for the
three
months ended in Sep. 2024 was 0.35.
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.
Zomedica's Inventory-to-Revenue for the
three
months ended in Sep. 2024 was 0.78.
Zomedica Days Inventory Historical Data
The historical data trend for Zomedica'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 Zomedica's Days Inventory
For the Medical Devices subindustry, Zomedica'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.
Zomedica's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Zomedica's Days Inventory distribution charts can be found below:
* The bar in red indicates where Zomedica's Days Inventory falls into.
Zomedica Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Zomedica's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Zomedica (AMEX:ZOM) 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.
Zomedica's Inventory Turnover for the
three
months ended in Sep. 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.
Zomedica's Inventory to Revenue for the
three
months ended in Sep. 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.
Zomedica Days Inventory Related Terms
Thank you for viewing the detailed overview of Zomedica's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Zomedica Corp is a veterinary health company creating products for companion animals (canine, feline and equine) by focusing on the unmet needs of clinical veterinarians. The company's product portfolio includes diagnostics and therapeutics that emphasize patient health and practice health. The company is focused on the final development and commercialization of its TRUFORMA platform, which detects thyroid disorders in dogs & cats and adrenal disorders in dogs. Its operations are comprised of two reportable segments namely Diagnostic and Therapeutic Devices. It earns the majority of revenue from the therapeutics segment.
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