C-Rad AB (LTS:0R44) Days Inventory : 132.39 (As of Mar. 2024)

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What is C-Rad AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). C-Rad AB's Average Total Inventories for the three months ended in Mar. 2024 was kr60.1 Mil. C-Rad AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr41.4 Mil. Hence, C-Rad AB's Days Inventory for the three months ended in Mar. 2024 was 132.39.

The historical rank and industry rank for C-Rad AB's Days Inventory or its related term are showing as below:

LTS:0R44' s Days Inventory Range Over the Past 10 Years
Min: 62.56 Med: 94.65 Max: 138.33
Current: 128.38

During the past 13 years, C-Rad AB's highest Days Inventory was 138.33. The lowest was 62.56. And the median was 94.65.

LTS:0R44's Days Inventory is ranked better than
73.26% of 778 companies
in the Medical Devices & Instruments industry
Industry Median: 193.045 vs LTS:0R44: 128.38

C-Rad AB's Days Inventory declined from Mar. 2023 (134.56) to Mar. 2024 (132.39).

Inventory Turnover measures how fast the company turns over its inventory within a year. C-Rad AB's Inventory Turnover for the three months ended in Mar. 2024 was 0.69.

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. C-Rad AB's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.51.

C-Rad AB Days Inventory Historical Data

The historical data trend for C-Rad AB'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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C-Rad AB Days Inventory Chart

C-Rad AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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62.56

87.56

86.16

108.77

138.33

C-Rad AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															134.56	141.60	134.40	116.58	132.39

Competitive Comparison of C-Rad AB's Days Inventory

For the Medical Devices subindustry, C-Rad AB'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.

C-Rad AB's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, C-Rad AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where C-Rad AB's Days Inventory falls into.

C-Rad AB Days Inventory Calculation

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

C-Rad AB'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
=	( (40.009	+	64.126)	/	2 )	/	137.39	*	365
=	52.0675					/	137.39	*	365
=	138.33

C-Rad AB'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
=	( (64.126	+	56)	/	2 )	/	41.4	*	365 / 4
=	60.063					/	41.4	*	365 / 4
=	132.39

C-Rad AB (LTS:0R44) 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.

C-Rad AB's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	41.4	/	60.063
	=	0.69

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.

C-Rad AB's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	60.063	/	118
	=	0.51

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.

C-Rad AB Days Inventory Related Terms

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

C-Rad AB (LTS:0R44) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » C-Rad AB (LTS:0R44) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CRAD B:Sweden 24C:Germany

Address

Sjukhusvägen 12K, Uppsala, SWE, 753 09

Website

https://www.c-rad.com

C-Rad AB is a Sweden based company engaged in the development and sales of systems with applications in radiation therapy for the treatment of cancer. The systems can be used to position the patient before the treatment and to localize and monitor the tumor by recording information such as patient movements during radiation treatment. The operating segments of the group are the Positioning segment which includes development and sales of products in the field of patient positioning during radiotherapy, including catalyst, sentinel, and HIT lasers; and the Imaging segment which includes the development of imaging devices and detectors for cancer treatments and dosimetry. It generates maximum revenue from the Positioning segment. The firm sells its products in Sweden and internationally.

C-Rad AB (LTS:0R44) Headlines

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