Audientes AS (XSAT:AUDNTS) Days Inventory : 1,892.49 (As of Dec. 2023)

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What is Audientes AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Audientes AS's Average Total Inventories for the three months ended in Dec. 2023 was kr3.51 Mil. Audientes AS's Cost of Goods Sold for the three months ended in Dec. 2023 was kr0.17 Mil. Hence, Audientes AS's Days Inventory for the three months ended in Dec. 2023 was 1,892.49.

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

XSAT:AUDNTS' s Days Inventory Range Over the Past 10 Years
Min: 86.49 Med: 203.07 Max: 379.11
Current: 379.11

During the past 6 years, Audientes AS's highest Days Inventory was 379.11. The lowest was 86.49. And the median was 203.07.

XSAT:AUDNTS's Days Inventory is ranked worse than
81.13% of 779 companies
in the Medical Devices & Instruments industry
Industry Median: 193.31 vs XSAT:AUDNTS: 379.11

Audientes AS's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (1,892.49). It might indicate that Audientes AS's sales slowed down.

Warning Sign:

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. Audientes AS's Inventory Turnover for the three months ended in Dec. 2023 was 0.05.

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. Audientes AS's Inventory-to-Revenue for the three months ended in Dec. 2023 was 15.93.

Audientes AS Days Inventory Historical Data

The historical data trend for Audientes AS'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.

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Audientes AS Days Inventory Chart

Audientes AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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86.49

203.07

324.43

Audientes AS Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial													-	444.24	289.43	228.06	1,892.49

Competitive Comparison of Audientes AS's Days Inventory

For the Medical Instruments & Supplies subindustry, Audientes AS'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.

Audientes AS's Days Inventory Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Audientes AS's Days Inventory falls into.

Audientes AS Days Inventory Calculation

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

Audientes AS's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (4.647	+	3.429)	/	2 )	/	4.543	*	365
=	4.038					/	4.543	*	365
=	324.43

Audientes AS's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.581	+	3.429)	/	2 )	/	0.169	*	365 / 4
=	3.505					/	0.169	*	365 / 4
=	1,892.49

Audientes AS (XSAT:AUDNTS) 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.

Audientes AS's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.169	/	3.505
	=	0.05

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.

Audientes AS's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.505	/	0.22
	=	15.93

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.

Audientes AS Days Inventory Related Terms

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

Audientes AS (XSAT:AUDNTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Audientes AS (XSAT:AUDNTS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Teknikerbyen 5, Virum, DNK, 2830

Website

https://www.audientes.com

Audientes AS is a technology company specializing in smart, self-fitting, and affordable hearing aids. Audientes' hearing aid solution ''Ven'', is available for purchase in the Indian market, online, and in retail, and will be introduced to the U.S over-the-counter market and other markets. The company's mission is to help the approximately 500 million people globally suffering from disabling hearing loss who either cannot afford to buy one of the very expensive hearing aids on the market.

Audientes AS (XSAT:AUDNTS) Headlines

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