Days Inventory is also known as Days Sales of Inventory (DSI). Spectral AI's Average Total Inventories for the
three
months ended in Mar. 2024 was $0.23 Mil. Spectral AI's Cost of Goods Sold for the
three
months ended in Mar. 2024 was $3.38 Mil.
Hence, Spectral AI's Days Inventory for the
three
months ended in Mar. 2024 was 6.18.
The historical rank and industry rank for Spectral AI's Days Inventory or its related term are showing as below:
MDAI'
s Days Inventory Range Over the Past 10 Years
Min: 8.25 Med: 8.25 Max: 10.06
Current: 10.06
During the past 3 years, Spectral AI's highest Days Inventory was 10.06. The lowest was 8.25. And the median was 8.25.
MDAI's Days Inventory is ranked better than 99.36% of 779
companies
in the Medical Devices & Instruments industry
Industry Median: 193.31
vs MDAI: 10.06
Spectral AI's Days Inventory
increased
from Dec. 2022 (0.00) to Mar. 2024 (6.18).
It might indicate that Spectral AI's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Spectral AI's Inventory Turnover for the
three
months ended in Mar. 2024 was 14.76.
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.
Spectral AI's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.04.
Spectral AI Days Inventory Historical Data
The historical data trend for Spectral AI'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.
Competitive Comparison of Spectral AI's Days Inventory
For the Medical Devices subindustry, Spectral AI'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.
Spectral AI's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Spectral AI's Days Inventory distribution charts can be found below:
* The bar in red indicates where Spectral AI's Days Inventory falls into.
Spectral AI Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Spectral AI's Days Inventory for the fiscal year that 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.
Spectral AI (NAS:MDAI) 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.
Spectral AI's Inventory Turnover for the
three
months ended in Mar. 2024 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.
Spectral AI's Inventory to Revenue for the
three
months ended in Mar. 2024 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.
Spectral AI Days Inventory Related Terms
Thank you for viewing the detailed overview of Spectral AI's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Spectral AI Inc is an AI company, focused on predictive medical diagnostics. Spectral is devoting substantially all of its efforts towards the research and development of its DeepView System, an internally developed MSI device that has designated FDA BDD status. Its DeepView System uses proprietary algorithms to distinguish between damaged and healthy human tissue invisible to the naked eye, providing Day One healing assessments in seconds. The Company's output is specifically engineered to allow the physician to make a more accurate, timely and informed decision regarding the treatment of the patient's wound.
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