Minerva Surgical (Minerva Surgical) Days Inventory : 286.31 (As of Sep. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Minerva Surgical Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Minerva Surgical's Average Total Inventories for the three months ended in Sep. 2023 was $18.03 Mil. Minerva Surgical's Cost of Goods Sold for the three months ended in Sep. 2023 was $5.75 Mil. Hence, Minerva Surgical's Days Inventory for the three months ended in Sep. 2023 was 286.31.

The historical rank and industry rank for Minerva Surgical's Days Inventory or its related term are showing as below:

UTRS' s Days Inventory Range Over the Past 10 Years
Min: 121.88 Med: 182.58 Max: 268.47
Current: 268.47

During the past 4 years, Minerva Surgical's highest Days Inventory was 268.47. The lowest was 121.88. And the median was 182.58.

UTRS's Days Inventory is ranked worse than
69.88% of 777 companies
in the Medical Devices & Instruments industry
Industry Median: 190.88 vs UTRS: 268.47

Minerva Surgical's Days Inventory increased from Sep. 2022 (268.07) to Sep. 2023 (286.31). It might indicate that Minerva Surgical's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Minerva Surgical's Inventory Turnover for the three months ended in Sep. 2023 was 0.32.

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. Minerva Surgical's Inventory-to-Revenue for the three months ended in Sep. 2023 was 1.51.

Minerva Surgical Days Inventory Historical Data

The historical data trend for Minerva Surgical'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.

Minerva Surgical Days Inventory Chart

Minerva Surgical Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Inventory

121.88

146.26

218.89

257.55

Minerva Surgical Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial										268.07	240.10	281.50	267.21	286.31

Competitive Comparison of Minerva Surgical's Days Inventory

For the Medical Devices subindustry, Minerva Surgical'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.

Minerva Surgical's Days Inventory Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Minerva Surgical's Days Inventory falls into.

Minerva Surgical Days Inventory Calculation

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

Minerva Surgical's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (15.682	+	16.85)	/	2 )	/	23.052	*	365
=	16.266					/	23.052	*	365
=	257.55

Minerva Surgical's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (17.881	+	18.183)	/	2 )	/	5.747	*	365 / 4
=	18.032					/	5.747	*	365 / 4
=	286.31

Minerva Surgical (OTCPK:UTRS) 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.

Minerva Surgical's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.747	/	18.032
	=	0.32

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.

Minerva Surgical's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18.032	/	11.965
	=	1.51

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.

Minerva Surgical Days Inventory Related Terms

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

Minerva Surgical (Minerva Surgical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Minerva Surgical Inc (OTCPK:UTRS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4255 Burton Drive, Santa Clara, CA, USA, 95054

Website

https://www.minervasurgical.com

Minerva Surgical Inc is a medical device company that develops therapeutic devices that treat abnormal uterine bleeding in a minimally invasive manner. The Company operates and manages its business as one reportable and operating segment, which is the business of research, development, and sale of therapeutic devices for abnormal uterine bleeding treatment.

Executives

Daniel Cohen	director	C/O ACCELMED, 848 BRICKELL AVE, #901, MIAMI FL 33131
Accelmed Partners Ii L.p.	10 percent owner	2875 NE 191ST, SUITE 500, AVENTURA FL 33180
New Enterprise Associates 13 Lp	10 percent owner	1119 ST PAUL STREET, BALTIMORE MD 21202
Uri Geiger	director, 10 percent owner	221 LATHROP WAY, SUITE I, SACRAMENTO CA 95815
Todd Usen	director, officer: Chief Executive Officer	C/O MINERVA SURGICAL, INC., 4255 BURTON DRIVE, SANTA CLARA CA 95054
Derrick Sung	director	C/O IRHYTHM TECHNOLOGIES, INC., 650 TOWNSEND STREET, SUITE 380, SAN FRANCISCO CA 94103
David M Clapper	director, officer: President and CEO	3003 TASMAN DRIVE, SANTA CLARA CA 95054
Novo Holdings A/s	10 percent owner	TUBORG HAVNEVEJ 19, HELLERUP G7 2900
Jaffe Ross A Md	director	ONE SANSOME STREET, SUITE 3630, SAN FRANCISCO CA 94104
Evgueni V. Skalnyi	officer: VP Medical Affairs	C/O MINERVA SURGICAL, INC., 4225 BURTON DRIVE, SANTA CLARA CA 95054
Dominique J. Filloux	officer: COO	C/O MINERVA SURGICAL, INC., 4225 BURTON DRIVE, SANTA CLARA CA 95054
Joel R Jung	officer: CFO	1401 HARBOR BAY PARKWAY, ALAMEDA CA 94502
Niquette L. Hunt	director	SOLITON, INC., 5304 ASHBROOK DRIVE, HOUSTON TX 77081
Jill Anderson	director	1600 WEST MERIT PARKWAY, SOUTH JORDAN UT 84095
Nea Partners 13, Limited Partnership	10 percent owner	1119 ST. PAUL STREET, BALTIMORE MD 21202