Inspire Veterinary Partners (Inspire Veterinary Partners) Days Inventory : 15.68 (As of Dec. 2023)

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What is Inspire Veterinary Partners Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Inspire Veterinary Partners's Average Total Inventories for the three months ended in Dec. 2023 was $0.63 Mil. Inspire Veterinary Partners's Cost of Goods Sold for the three months ended in Dec. 2023 was $3.64 Mil. Hence, Inspire Veterinary Partners's Days Inventory for the three months ended in Dec. 2023 was 15.68.

The historical rank and industry rank for Inspire Veterinary Partners's Days Inventory or its related term are showing as below:

IVP' s Days Inventory Range Over the Past 10 Years
Min: 8.7 Med: 15.6 Max: 17.45
Current: 17.45

During the past 3 years, Inspire Veterinary Partners's highest Days Inventory was 17.45. The lowest was 8.70. And the median was 15.60.

IVP's Days Inventory is ranked worse than
52.33% of 86 companies
in the Personal Services industry
Industry Median: 16.425 vs IVP: 17.45

Inspire Veterinary Partners's Days Inventory declined from Dec. 2022 (20.92) to Dec. 2023 (15.68).

Inventory Turnover measures how fast the company turns over its inventory within a year. Inspire Veterinary Partners's Inventory Turnover for the three months ended in Dec. 2023 was 5.82.

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. Inspire Veterinary Partners's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.17.

Inspire Veterinary Partners Days Inventory Historical Data

The historical data trend for Inspire Veterinary Partners'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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Inspire Veterinary Partners Days Inventory Chart

Inspire Veterinary Partners Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

8.70

15.60

16.05

Inspire Veterinary Partners Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial				20.92	16.92	18.38	20.61	15.68

Competitive Comparison of Inspire Veterinary Partners's Days Inventory

For the Personal Services subindustry, Inspire Veterinary Partners'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.

Inspire Veterinary Partners's Days Inventory Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Inspire Veterinary Partners's Days Inventory distribution charts can be found below:

* The bar in red indicates where Inspire Veterinary Partners's Days Inventory falls into.

Inspire Veterinary Partners Days Inventory Calculation

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

Inspire Veterinary Partners'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
=	( (0.582	+	0.572)	/	2 )	/	13.121	*	365
=	0.577					/	13.121	*	365
=	16.05

Inspire Veterinary Partners'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
=	( (0.68	+	0.572)	/	2 )	/	3.642	*	365 / 4
=	0.626					/	3.642	*	365 / 4
=	15.68

Inspire Veterinary Partners (NAS:IVP) 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.

Inspire Veterinary Partners's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.642	/	0.626
	=	5.82

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.

Inspire Veterinary Partners's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.626	/	3.784
	=	0.17

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.

Inspire Veterinary Partners Days Inventory Related Terms

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

Inspire Veterinary Partners (Inspire Veterinary Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Inspire Veterinary Partners Inc (NAS:IVP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

780 Lynnhaven Parkway, Suite 400 Virginia Beach, Virginia, Virginia Beach, VA, USA, 23452

Website

Inspire Veterinary Partners Inc owns and operates veterinary hospitals throughout the United States. The company specializes in small animal general practice hospitals which serve all manner of companion pets, emphasizing canine and feline breeds.

Executives

Alexander Lawrence	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Charles Stith Keiser	director, officer: Chief Operating Officer	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Erinn Thomas-mackey	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Kimball Carr	director, officer: See Remarks	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH, VA 23452
Peter Lau	director	P.O. BOX 1237, SPRINGDALE AR 72765
Anne Murphy	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Wilderness Trace Veterinary Partners, Llc	other: See Remarks	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Timothy Watters	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Suprock Louis John	director	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Richard Frank	officer: Chief Financial Officer	780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH, FL 23452