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Electromedical Technologies (Electromedical Technologies) Days Inventory : 112.65 (As of Dec. 2023)


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What is Electromedical Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Electromedical Technologies's Average Total Inventories for the three months ended in Dec. 2023 was $0.10 Mil. Electromedical Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.08 Mil. Hence, Electromedical Technologies's Days Inventory for the three months ended in Dec. 2023 was 112.65.

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

EMED' s Days Inventory Range Over the Past 10 Years
Min: 38.18   Med: 97.84   Max: 273.29
Current: 128.05

During the past 5 years, Electromedical Technologies's highest Days Inventory was 273.29. The lowest was 38.18. And the median was 97.84.

EMED's Days Inventory is ranked better than
73.1% of 777 companies
in the Medical Devices & Instruments industry
Industry Median: 190.74 vs EMED: 128.05

Electromedical Technologies's Days Inventory increased from Dec. 2022 (91.25) to Dec. 2023 (112.65). It might indicate that Electromedical Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Electromedical Technologies's Inventory Turnover for the three months ended in Dec. 2023 was 0.81.

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. Electromedical Technologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.28.


Electromedical Technologies Days Inventory Historical Data

The historical data trend for Electromedical 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.

* Premium members only.

Electromedical Technologies Days Inventory Chart

Electromedical Technologies Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
38.18 97.84 273.29 196.48 78.90

Electromedical Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial 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 91.25 115.10 197.71 152.50 112.65

Competitive Comparison of Electromedical Technologies's Days Inventory

For the Medical Devices subindustry, Electromedical 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.


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

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

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



Electromedical Technologies Days Inventory Calculation

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

Electromedical 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
=( (0.062 + 0.069) / 2 ) / 0.303*365
=0.0655 / 0.303*365
=78.90

Electromedical 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
=( (0.131 + 0.069) / 2 ) / 0.081*365 / 4
=0.1 / 0.081*365 / 4
=112.65

* 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.


Electromedical Technologies  (OTCPK:EMED) 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.

Electromedical Technologies'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.

Electromedical Technologies'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.


Electromedical Technologies Days Inventory Related Terms

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


Electromedical Technologies (Electromedical Technologies) Business Description

Traded in Other Exchanges
N/A
Address
16561 North 92nd Street, Suite 101, Scottsdale, AZ, USA, 85260
Electromedical Technologies Inc is a bioelectronics manufacturing company. It designs and develops simple-to-use bioelectronics therapy devices, which in major cases provide immediate and long-lasting pain relief across the broadest range of ailments. Its focuses on improving global wellness for people suffering from various painful conditions. It Develops and manufactures bioelectronics products.
Executives
Hymers Iii R. Leslie director 520 S GRAND AVENUE, STE 320, LOS ANGELES CA 90071
Lee Benson director PO BOX 41828, MESA AZ 41828
Donald J Steinberg 10 percent owner 3223 SUMAC ROAD, FALLBROOK CA 92028
Matthew Wolfson director, officer: CEO, CFO 16561 N. 92ND STREET, STE. 101, SCOTTSDALE AZ 85260