BrightSpring Health Services (BrightSpring Health Services) Days Inventory : 16.05 (As of Mar. 2024)

View and export this data going back to 2024. Start your Free Trial

What is BrightSpring Health Services Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). BrightSpring Health Services's Average Total Inventories for the three months ended in Mar. 2024 was $388 Mil. BrightSpring Health Services's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,207 Mil. Hence, BrightSpring Health Services's Days Inventory for the three months ended in Mar. 2024 was 16.05.

The historical rank and industry rank for BrightSpring Health Services's Days Inventory or its related term are showing as below:

BTSG' s Days Inventory Range Over the Past 10 Years
Min: 17.86 Med: 20.08 Max: 20.92
Current: 17.86

During the past 6 years, BrightSpring Health Services's highest Days Inventory was 20.92. The lowest was 17.86. And the median was 20.08.

BTSG's Days Inventory is ranked better than
68.3% of 470 companies
in the Healthcare Providers & Services industry
Industry Median: 32.575 vs BTSG: 17.86

BrightSpring Health Services's Days Inventory declined from Mar. 2023 (23.20) to Mar. 2024 (16.05).

Inventory Turnover measures how fast the company turns over its inventory within a year. BrightSpring Health Services's Inventory Turnover for the three months ended in Mar. 2024 was 5.69.

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. BrightSpring Health Services's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.15.

BrightSpring Health Services Days Inventory Historical Data

The historical data trend for BrightSpring Health Services'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.

BrightSpring Health Services Days Inventory Chart

BrightSpring Health Services Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

19.63

20.08

20.07

20.92

20.57

BrightSpring Health Services Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial											23.20	19.97	18.53	17.77	16.05

Competitive Comparison of BrightSpring Health Services's Days Inventory

For the Health Information Services subindustry, BrightSpring Health Services'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.

BrightSpring Health Services's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, BrightSpring Health Services's Days Inventory distribution charts can be found below:

* The bar in red indicates where BrightSpring Health Services's Days Inventory falls into.

BrightSpring Health Services Days Inventory Calculation

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

BrightSpring Health Services'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
=	( (430.517	+	402.776)	/	2 )	/	7392.381	*	365
=	416.6465					/	7392.381	*	365
=	20.57

BrightSpring Health Services's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (402.776	+	373.74)	/	2 )	/	2207.247	*	365 / 4
=	388.258					/	2207.247	*	365 / 4
=	16.05

BrightSpring Health Services (NAS:BTSG) 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.

BrightSpring Health Services's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2207.247	/	388.258
	=	5.69

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.

BrightSpring Health Services's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	388.258	/	2576.638
	=	0.15

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.

BrightSpring Health Services Days Inventory Related Terms

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

BrightSpring Health Services (BrightSpring Health Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » BrightSpring Health Services Inc (NAS:BTSG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

BrightSpring Health Services Inc is a platform of complementary health services delivering provider and pharmacy solutions for complex populations in home and community settings. Its platform delivers clinical services and pharmacy solutions across Medicare, Medicaid, and commercially insured populations.

BrightSpring Health Services (BrightSpring Health Services) Headlines

From GuruFocus

Thinking about buying stock in Societal CDMO, LAVA Therapeutics, Eastman Kodak, Brightspring Health Services, or Codexis?

By PRNewswire • 03-01-2024