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Intuitive Surgical (Intuitive Surgical) Days Inventory

: 165.99 (As of Dec. 2023)
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Days Inventory is also known as Days Sales of Inventory (DSI). Intuitive Surgical's Average Total Inventories for the three months ended in Dec. 2023 was $1,184 Mil. Intuitive Surgical's Cost of Goods Sold for the three months ended in Dec. 2023 was $651 Mil. Hence, Intuitive Surgical's Days Inventory for the three months ended in Dec. 2023 was 165.99.

The historical rank and industry rank for Intuitive Surgical's Days Inventory or its related term are showing as below:

ISRG' s Days Inventory Range Over the Past 10 Years
Min: 78.55   Med: 114.89   Max: 161.1
Current: 158.92

During the past 13 years, Intuitive Surgical's highest Days Inventory was 161.10. The lowest was 78.55. And the median was 114.89.

ISRG's Days Inventory is ranked better than
60.93% of 778 companies
in the Medical Devices & Instruments industry
Industry Median: 187.12 vs ISRG: 158.92

Intuitive Surgical's Days Inventory increased from Dec. 2022 (145.09) to Dec. 2023 (165.99). It might indicate that Intuitive Surgical's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Intuitive Surgical's Inventory Turnover for the three months ended in Dec. 2023 was 0.55.

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. Intuitive Surgical's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.61.


Intuitive Surgical Days Inventory Historical Data

The historical data trend for Intuitive Surgical'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.

* Premium members only.

Intuitive Surgical Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 133.98 145.91 123.84 133.33 161.10

Intuitive Surgical Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 145.09 143.93 152.48 170.37 165.99

Competitive Comparison

For the Medical Instruments & Supplies subindustry, Intuitive Surgical'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.


Intuitive Surgical Days Inventory Distribution

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

* The bar in red indicates where Intuitive Surgical's Days Inventory falls into.



Intuitive Surgical Days Inventory Calculation

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

Intuitive Surgical'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
=( (893.2 + 1220.6) / 2 ) / 2394.6*365
=1056.9 / 2394.6*365
=161.10

Intuitive Surgical'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: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (1147.5 + 1220.6) / 2 ) / 650.9*365 / 4
=1184.05 / 650.9*365 / 4
=165.99

* 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.


Intuitive Surgical  (NAS:ISRG) 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.

Intuitive Surgical'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.

Intuitive Surgical'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.


Intuitive Surgical Days Inventory Related Terms

Thank you for viewing the detailed overview of Intuitive Surgical's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Intuitive Surgical (Intuitive Surgical) Business Description

Address
1020 Kifer Road, Sunnyvale, CA, USA, 94086-5304
Intuitive Surgical develops, produces, and markets a robotic system for assisting minimally invasive surgery. It also provides the instrumentation, disposable accessories, and warranty services for the system. The company has placed more than 8,000 da Vinci systems in hospitals worldwide, with nearly 5,000 installations in the U.S. and a growing number in emerging markets.
Executives
Alan J Levy director C/O INTUITIVE SURGICAL INC, 1266 KIFER RD, SUNNYVALE CA 94086
Robert Desantis officer: Executive VP & GM IA&E C/O INTUITIVE SURGICAL, INC., 1020 KIFER ROAD, SUNNYVALE CA 94086
Sreelakshmi Kolli director C/O ALIGN TECHNOLOGY INC., 2820 ORCHARD PARKWAY, SAN JOSE CA 94131
Gary S Guthart director, officer: President & CEO, other: President & CEO C/O INTUITIVE SURGICAL INC, 1266 KIFER RD, SUNNYVALE CA 94086
Amy L Ladd director INTUITIVE SURGICAL, INC, 1020 KIFER RD, SUNNYVALE CA 94086
Craig H Barratt director
Marshall Mohr officer: SVP & CFO C/O INTUITIVE SURGICAL, INC, 1266 KIFER ROAD, SUNNYVALE CA 94086
Mark J Rubash director
David J. Rosa officer: Sr VP Emerging Procedures & Te 1266 KIFER ROAD, SUNNYVALE CA 94086
Fredrik Widman officer: VP Corporate Controller 1020 KIFER ROAD, 1020 KIFER ROAD, SUNNYVALE CA 94086
Myriam Curet officer: SVP & Chief Medical Officer, other: SVP & Chief Medical Officer 1020 KIFER ROAD, SUNNYVALE CA 94086
Michele Dimartino officer: See Remarks 1020 KIFER ROAD, SUNNYVALE CA 94086
Amal M Johnson director C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085
Gary Loeb officer: General Counsel & CCO 5885 HOLLIS ST., SUITE 100, EMERYVILLE CA 94608
Henry L Charlton officer: Senior Vice President & Chief 1020 KIFER ROAD, 1020 KIFER ROAD, SUNNYVALE CA 94086

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