Fresenius Medical Care AG (Fresenius Medical Care AG) Days Inventory

: 55.60 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Fresenius Medical Care AG's Average Total Inventories for the three months ended in Dec. 2023 was $2,418 Mil. Fresenius Medical Care AG's Cost of Goods Sold for the three months ended in Dec. 2023 was $3,968 Mil. Hence, Fresenius Medical Care AG's Days Inventory for the three months ended in Dec. 2023 was 55.60.

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

FMS' s Days Inventory Range Over the Past 10 Years
Min: 35.06 Med: 45.74 Max: 57.49
Current: 57.49

During the past 13 years, Fresenius Medical Care AG's highest Days Inventory was 57.49. The lowest was 35.06. And the median was 45.74.

FMS's Days Inventory is ranked worse than
69.79% of 470 companies
in the Healthcare Providers & Services industry
Industry Median: 32.305 vs FMS: 57.49

Fresenius Medical Care AG's Days Inventory increased from Dec. 2022 (55.10) to Dec. 2023 (55.60). It might indicate that Fresenius Medical Care AG's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fresenius Medical Care AG's Inventory Turnover for the three months ended in Dec. 2023 was 1.64.

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. Fresenius Medical Care AG's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.44.

Fresenius Medical Care AG Days Inventory Historical Data

The historical data trend for Fresenius Medical Care 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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Fresenius Medical Care AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

47.81

50.57

57.95

56.24

55.39

Fresenius Medical Care AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																55.10	59.03	58.30	57.53	55.60

Competitive Comparison

For the Medical Care Facilities subindustry, Fresenius Medical Care 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.

Fresenius Medical Care AG Days Inventory Distribution

For the Healthcare Providers & Services industry and Healthcare sector, Fresenius Medical Care AG's Days Inventory distribution charts can be found below:

* The bar in red indicates where Fresenius Medical Care AG's Days Inventory falls into.

Fresenius Medical Care AG Days Inventory Calculation

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

Fresenius Medical Care 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
=	( (2432.43	+	2376.418)	/	2 )	/	15843.633	*	365
=	2404.424					/	15843.633	*	365
=	55.39

Fresenius Medical Care 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2458.803	+	2376.418)	/	2 )	/	3967.536	*	365 / 4
=	2417.6105					/	3967.536	*	365 / 4
=	55.60

Fresenius Medical Care AG (NYSE:FMS) 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.

Fresenius Medical Care AG's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3967.536	/	2417.6105
	=	1.64

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.

Fresenius Medical Care AG's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2417.6105	/	5439.352
	=	0.44

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.

Fresenius Medical Care AG Days Inventory Related Terms

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Fresenius Medical Care AG (Fresenius Medical Care AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Fresenius Medical Care AG (NYSE:FMS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

FMCQF:USA FME:Italy FMEd:UK 0H9X:UK FME:Germany FMEA:Germany FME:Germany FME:Germany FMEA:Germany FME:Germany FMSC34:Brazil FME:Austria

Address

Else-Kroener-Strasse 1, Bad Homburg, HE, DEU, 61352

Website

https://www.freseniusmedicalcare.com

Fresenius Medical Care is the largest dialysis company in the world, treating about 345,000 patients from over 4,100 clinics across the globe as of December 2022. In addition to providing dialysis services, the firm is a leading supplier of dialysis products, including machines, dialyzers, and concentrates. Fresenius accounts for about 35% of the global dialysis products market and benefits from being the world's only fully integrated dialysis business. Services account for roughly 80% of firmwide revenue, including care coordination and ancillary operations, while products account for the other roughly 20%. Products typically enjoy a higher margin, making them a strong contributor to the bottom line.

Executives

Helen Pring Giza

Board of Directors