Shockwave Medical (STU:36M) Inventory Turnover : 0.26 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Shockwave Medical Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Shockwave Medical's Cost of Goods Sold for the three months ended in Mar. 2024 was €26.0 Mil. Shockwave Medical's Average Total Inventories for the quarter that ended in Mar. 2024 was €100.5 Mil. Shockwave Medical's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.26.

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 three months ended in Mar. 2024 was 353.34.

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 quarter that ended in Mar. 2024 was 0.50.

Shockwave Medical Inventory Turnover Historical Data

The historical data trend for Shockwave Medical's Inventory Turnover 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.

* Premium members only.

Shockwave Medical Inventory Turnover Chart

Shockwave Medical Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

2.01

0.97

1.17

1.13

1.03

Shockwave Medical Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.26	0.28	0.26	0.24	0.26

Shockwave Medical Inventory Turnover Calculation

Shockwave Medical's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	87.471	/ (	(70.906	+	98.657)	/	2 )
=	87.471	/	84.7815
=	1.03

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	25.951	/ (	(98.657	+	102.318)	/	2 )
=	25.951	/	100.4875
=	0.26

Shockwave Medical (STU:36M) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	100.4875	/	25.951	*	365 / 4
	=	353.34

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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	100.4875	/	201.301
	=	0.50

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Shockwave Medical Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Shockwave Medical's Inventory Turnover 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 » Inventory Turnover

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

No Headlines