Days Inventory is also known as Days Sales of Inventory (DSI). OpGen's Average Total Inventories for the
three
months ended in Sep. 2023 was $1.47 Mil. OpGen's Cost of Goods Sold for the
three
months ended in Sep. 2023 was $0.69 Mil.
Hence, OpGen's Days Inventory for the
three
months ended in Sep. 2023 was 193.38.
The historical rank and industry rank for OpGen's Days Inventory or its related term are showing as below:
OPGN'
s Days Inventory Range Over the Past 10 Years
Min: 35.24 Med: 110.05 Max: 174.62
Current: 168.82
During the past 10 years, OpGen's highest Days Inventory was 174.62. The lowest was 35.24. And the median was 110.05.
OPGN's Days Inventory is ranked better than 57.53% of 777
companies
in the Medical Devices & Instruments industry
Industry Median: 190.74
vs OPGN: 168.82
OpGen's Days Inventory
increased
from Sep. 2022 (47.18) to Sep. 2023 (193.38).
It might indicate that OpGen's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
OpGen's Inventory Turnover for the
three
months ended in Sep. 2023 was 0.47.
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.
OpGen's Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 2.10.
OpGen Days Inventory Historical Data
The historical data trend for OpGen'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.
For the Medical Devices subindustry, OpGen'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.
OpGen's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, OpGen's Days Inventory distribution charts can be found below:
* The bar in red indicates where OpGen's Days Inventory falls into.
OpGen Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
OpGen's Days Inventory for the fiscal year that ended in Dec. 2022 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.
OpGen (NAS:OPGN) 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.
OpGen's Inventory Turnover for the
three
months ended in Sep. 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.
OpGen's Inventory to Revenue for the
three
months ended in Sep. 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.
OpGen Days Inventory Related Terms
Thank you for viewing the detailed overview of OpGen's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
OpGen Inc is a precision medicine company harnessing the power of molecular diagnostics and informatics to help combat infectious disease. It is developing molecular information products and services for healthcare settings, helping to guide clinicians with rapid and actionable information about life-threatening infections, improve patient outcomes, and decrease the spread of infections caused by MDROs. Its proprietary DNA tests and informatics address the rising threat of antibiotic resistance by helping physicians and other healthcare providers optimize care decisions for patients with acute infections. The company's product candidates and services combine its Acuitas molecular diagnostics and Acuitas Lighthouse informatics platform for use with its curated MDRO knowledge base.
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