Neurotech International (ASX:NTI) Days Inventory : 486.67 (As of Dec. 2023)

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What is Neurotech International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Neurotech International's Average Total Inventories for the six months ended in Dec. 2023 was A$0.01 Mil. Neurotech International's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.00 Mil. Hence, Neurotech International's Days Inventory for the six months ended in Dec. 2023 was 486.67.

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

During the past 7 years, Neurotech International's highest Days Inventory was 369.56. The lowest was 28.79. And the median was 197.00.

ASX:NTI's Days Inventory is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 193.045
* Ranked among companies with meaningful Days Inventory only.

Neurotech International's Days Inventory increased from Dec. 2022 (425.83) to Dec. 2023 (486.67). It might indicate that Neurotech International's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Neurotech International's Inventory Turnover for the six months ended in Dec. 2023 was 0.38.

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. Neurotech International's Inventory-to-Revenue for the six months ended in Dec. 2023 was 4.00.

Neurotech International Days Inventory Historical Data

The historical data trend for Neurotech International'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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Neurotech International Days Inventory Chart

Neurotech International Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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28.79

75.15

Neurotech International Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial										-	37.57	425.83	-	486.67

Competitive Comparison of Neurotech International's Days Inventory

For the Medical Devices subindustry, Neurotech International'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.

Neurotech International's Days Inventory Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Neurotech International's Days Inventory falls into.

Neurotech International Days Inventory Calculation

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

Neurotech International's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.007	+	0.008)	/	2 )	/	0	*	365
=	0.0075					/	0	*	365
=	N/A

Neurotech International'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.008	+	0.008)	/	2 )	/	0.003	*	365 / 2
=	0.008					/	0.003	*	365 / 2
=	486.67

Neurotech International (ASX:NTI) 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.

Neurotech International's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.003	/	0.008
	=	0.38

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.

Neurotech International's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.008	/	0.002
	=	4.00

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.

Neurotech International Days Inventory Related Terms

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

Neurotech International (ASX:NTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Neurotech International Ltd (ASX:NTI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

145 Stirling Highway, Suite 5 CPC, Nedlands, WA, AUS, 6009

Website

https://www.neurotechinternational.com

Neurotech International Ltd is a medical device and solutions company. It researches, designs, markets, and produces wearable neurotechnology devices to assist with neurological conditions such as autism. Geographically, all the business activities of the firm function through the region of Australia. It operates in one segment named Medical Device Development and Distribution.

Neurotech International (ASX:NTI) Headlines

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