Days Inventory is also known as Days Sales of Inventory (DSI). CVRx's Average Total Inventories for the
three
months ended in Dec. 2023 was $10.94 Mil. CVRx's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $1.72 Mil.
Hence, CVRx's Days Inventory for the
three
months ended in Dec. 2023 was 580.13.
The historical rank and industry rank for CVRx's Days Inventory or its related term are showing as below:
CVRX'
s Days Inventory Range Over the Past 10 Years
Min: 362.14 Med: 449.36 Max: 686.28
Current: 560.06
During the past 5 years, CVRx's highest Days Inventory was 686.28. The lowest was 362.14. And the median was 449.36.
CVRX's Days Inventory is ranked worse than 89.95% of 776
companies
in the Medical Devices & Instruments industry
Industry Median: 187.28
vs CVRX: 560.06
CVRx's Days Inventory
increased
from Dec. 2022 (393.69) to Dec. 2023 (580.13).
It might indicate that CVRx'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.
CVRx's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.16.
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.
CVRx's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.97.
CVRx Days Inventory Historical Data
The historical data trend for CVRx'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.
For the Medical Devices subindustry, CVRx'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.
CVRx's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, CVRx's Days Inventory distribution charts can be found below:
* The bar in red indicates where CVRx's Days Inventory falls into.
CVRx Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
CVRx'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.
CVRx (NAS:CVRX) 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.
CVRx's Inventory Turnover for the
three
months ended in Dec. 2023 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.
CVRx's Inventory to Revenue for the
three
months 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.
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.
CVRx Days Inventory Related Terms
Thank you for viewing the detailed overview of CVRx's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
CVRx Inc is a commercial-stage medical device company focused on developing, manufacturing, and commercializing minimally invasive neuromodulation solutions for patients with cardiovascular diseases. Its proprietary platform technology, Barostim, is designed to leverage the power of the brain to address the imbalance of the Autonomic Nervous System, which causes heart failure and other cardiovascular diseases. Barostim provides Baroreflex Activation Therapy which in turn triggers an autonomic response to the heart. The majority of revenue is derived from the USA market.
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