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Quipt Home Medical (TSX:QIPT) Days Inventory : 114.93 (As of Mar. 2024)


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What is Quipt Home Medical Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Quipt Home Medical's Average Total Inventories for the three months ended in Mar. 2024 was C$28.4 Mil. Quipt Home Medical's Cost of Goods Sold for the three months ended in Mar. 2024 was C$22.6 Mil. Hence, Quipt Home Medical's Days Inventory for the three months ended in Mar. 2024 was 114.93.

The historical rank and industry rank for Quipt Home Medical's Days Inventory or its related term are showing as below:

TSX:QIPT' s Days Inventory Range Over the Past 10 Years
Min: 45.32   Med: 97.43   Max: 147.48
Current: 109.03

During the past 13 years, Quipt Home Medical's highest Days Inventory was 147.48. The lowest was 45.32. And the median was 97.43.

TSX:QIPT's Days Inventory is ranked better than
80.51% of 780 companies
in the Medical Devices & Instruments industry
Industry Median: 192.76 vs TSX:QIPT: 109.03

Quipt Home Medical's Days Inventory increased from Mar. 2023 (113.60) to Mar. 2024 (114.93). It might indicate that Quipt Home Medical's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Quipt Home Medical's Inventory Turnover for the three months ended in Mar. 2024 was 0.79.

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. Quipt Home Medical's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.33.


Quipt Home Medical Days Inventory Historical Data

The historical data trend for Quipt Home Medical'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.

* Premium members only.

Quipt Home Medical Days Inventory Chart

Quipt Home Medical Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 84.24 91.52 103.33 133.93 106.47

Quipt Home Medical 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 113.60 110.94 105.10 97.61 114.93

Competitive Comparison of Quipt Home Medical's Days Inventory

For the Medical Devices subindustry, Quipt Home Medical'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.


Quipt Home Medical's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Quipt Home Medical's Days Inventory distribution charts can be found below:

* The bar in red indicates where Quipt Home Medical's Days Inventory falls into.



Quipt Home Medical Days Inventory Calculation

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

Quipt Home Medical's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

Days Inventory (A: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Sep. 2022 ) + Total Inventories (A: Sep. 2023 )) / count ) / Cost of Goods Sold (A: Sep. 2023 )*Days in Period
=( (20.789 + 24.916) / 2 ) / 78.34*365
=22.8525 / 78.34*365
=106.47

Quipt Home Medical'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
=( (26.452 + 30.383) / 2 ) / 22.563*365 / 4
=28.4175 / 22.563*365 / 4
=114.93

* 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.


Quipt Home Medical  (TSX:QIPT) 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.

Quipt Home Medical'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.

Quipt Home Medical'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.


Quipt Home Medical Days Inventory Related Terms

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


Quipt Home Medical (TSX:QIPT) Business Description

Traded in Other Exchanges
Address
1019 Town Drive, Wilder, KY, USA, 41076
Quipt Home Medical Corp provides in-home monitoring equipment, supplies, and services to patients. The company's services consist of Daily and Ambulatory Aides, Power Mobility, INR Self-Testing, Respiratory Equipment Rental, Home ventilation, Oxygen Therapy, and Sleep Apnea and PAP Treatment.
Executives
Mark Alan Greenberg Director

Quipt Home Medical (TSX:QIPT) Headlines

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