Allurion Technologies (Allurion Technologies) Days Inventory : 257.57 (As of Dec. 2023)

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What is Allurion Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Allurion Technologies's Average Total Inventories for the three months ended in Dec. 2023 was $5.10 Mil. Allurion Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.81 Mil. Hence, Allurion Technologies's Days Inventory for the three months ended in Dec. 2023 was 257.57.

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

ALUR' s Days Inventory Range Over the Past 10 Years
Min: 89.05 Med: 109.48 Max: 153.01
Current: 141.69

During the past 3 years, Allurion Technologies's highest Days Inventory was 153.01. The lowest was 89.05. And the median was 109.48.

ALUR's Days Inventory is ranked better than
67.7% of 777 companies
in the Medical Devices & Instruments industry
Industry Median: 190.88 vs ALUR: 141.69

Allurion Technologies's Days Inventory increased from Dec. 2022 (89.51) to Dec. 2023 (257.57). It might indicate that Allurion Technologies'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. Allurion Technologies's Inventory Turnover for the three months ended in Dec. 2023 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. Allurion Technologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.62.

Allurion Technologies Days Inventory Historical Data

The historical data trend for Allurion Technologies'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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Allurion Technologies Days Inventory Chart

Allurion Technologies Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

109.48

89.05

153.01

Allurion Technologies Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial				89.51	126.93	139.94	95.76	257.57

Competitive Comparison of Allurion Technologies's Days Inventory

For the Medical Devices subindustry, Allurion Technologies'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.

Allurion Technologies's Days Inventory Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Allurion Technologies's Days Inventory falls into.

Allurion Technologies Days Inventory Calculation

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

Allurion Technologies'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
=	( (3.865	+	6.171)	/	2 )	/	11.97	*	365
=	5.018					/	11.97	*	365
=	153.01

Allurion Technologies'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
=	( (4.019	+	6.171)	/	2 )	/	1.805	*	365 / 4
=	5.095					/	1.805	*	365 / 4
=	257.57

Allurion Technologies (NYSE:ALUR) 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.

Allurion Technologies's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.805	/	5.095
	=	0.35

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.

Allurion Technologies's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.095	/	8.235
	=	0.62

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.

Allurion Technologies Days Inventory Related Terms

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

Allurion Technologies (Allurion Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Allurion Technologies Inc (NYSE:ALUR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Huron Drive, Natick, MA, USA, 01760

Website

Allurion Technologies Inc is a leading medical device company that focuses on creating a best-in-class weight loss platform to treat overweight patients. Its platform, the Allurion Program, features the world's first and only swallowable, procedure-less intragastric balloon for weight loss and offers access to AI-powered remote patient monitoring tools, a proprietary behavior change program, secure messaging, and video telehealth that are delivered by the Allurion VCS. Its proprietary intragastric balloon, the Allurion Balloon, is in the form of a swallowed capsule that is administered to patients under the guidance of a healthcare provider without surgery, endoscopy, or anesthesia.

Executives

Omar Ishrak	director	710 MEDTRONIC PKWY, MS LC300, MINNEAPOLIS MN 55432
Nicholas Sheridan Lewin	director	3 WEST 57TH ST., 8TH FLOOR, NEW YORK NY 10019
Krishna K. Gupta	director, 10 percent owner	307 HARVARD ST, CAMBRIDGE MA 02139
Christopher J Geberth	officer: Chief Financial Officer	11 HURON DRIVE, SUITE 200, NATICK MA 01760
Michael R Davin	director	C/O CYNOSURE, INC., 5 CARLISLE ROAD, WESTFORD MA 01886
Larson Douglas Hudson	director	11 HURON DRIVE, SUITE 200, NATICK MA 01760
Benoit Chardon	officer: Chief Commercial Officer	11 HURON DRIVE, SUITE 200, NATICK MA 01760
Shantanu Gaur	director, officer: Chief Executive Officer	11 HURON DRIVE, SUITE 200, NATICK MA 01760
Ram Chuttani	officer: Chief Medical Officer	11 HURON DRIVE, SUITE 200, NATICK MA 01760