The historical rank and industry rank for Tivic Health Systems's Days Inventory or its related term are showing as below:
TIVC'
s Days Inventory Range Over the Past 10 Years
Min: 94.42 Med: 153.01 Max: 367.71
Current: 367.71
During the past 5 years, Tivic Health Systems's highest Days Inventory was 367.71. The lowest was 94.42. And the median was 153.01.
TIVC's Days Inventory is ranked worse than 80.8% of 776
companies
in the Medical Devices & Instruments industry
Industry Median: 189.595
vs TIVC: 367.71
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Tivic Health Systems's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.42.
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.
Tivic Health Systems's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 2.36.
Tivic Health Systems Days Inventory Historical Data
The historical data trend for Tivic Health Systems'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 Tivic Health Systems's Days Inventory
For the Medical Devices subindustry, Tivic Health Systems'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.
Tivic Health Systems's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Tivic Health Systems's Days Inventory distribution charts can be found below:
* The bar in red indicates where Tivic Health Systems's Days Inventory falls into.
Tivic Health Systems Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Tivic Health Systems'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.
Tivic Health Systems (NAS:TIVC) 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.
Tivic Health Systems'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.
Tivic Health Systems'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.
Tivic Health Systems Days Inventory Related Terms
Thank you for viewing the detailed overview of Tivic Health Systems's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Tivic Health Systems (Tivic Health Systems) Business Description
Tivic Health Systems Inc is a health technology company focused on developing and commercializing non-invasive bioelectronic medicine. The company's platform-based technology activates the body's own healing mechanisms and can be programmed to treat various disease conditions. company's products provide a natural alternative to the standard synthetic chemical methods used by the pharmaceutical industry. ClearUP Sinus Relief, is a first commercial product of the company which is a patented handled device that uses ultra-low current electrical waves to relieve sinus pain and congestion symptoms that are prevalent in nasal allergies, sinus infections, chronic sinusitis, cold and flu and other disease conditions.
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