SmileDirectClub (SmileDirectClub) Inventory-to-Revenue : 0.37 (As of Jun. 2023)

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What is SmileDirectClub Inventory-to-Revenue?

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. SmileDirectClub's Average Total Inventories for the quarter that ended in Jun. 2023 was $37.8 Mil. SmileDirectClub's Revenue for the three months ended in Jun. 2023 was $101.8 Mil. SmileDirectClub's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.37.

SmileDirectClub's Inventory-to-Revenue for the quarter that ended in Jun. 2023 increased from Mar. 2023 (0.35) to Mar. 2023 (0.37)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SmileDirectClub's Days Inventory for the three months ended in Jun. 2023 was 119.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. SmileDirectClub's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.76.

SmileDirectClub Inventory-to-Revenue Historical Data

The historical data trend for SmileDirectClub's Inventory-to-Revenue 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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SmileDirectClub Inventory-to-Revenue Chart

SmileDirectClub Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory-to-Revenue

Get a 7-Day Free Trial

0.01

0.02

0.04

0.06

0.09

SmileDirectClub Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.33	0.41	0.51	0.35	0.37

Competitive Comparison of SmileDirectClub's Inventory-to-Revenue

For the Medical Instruments & Supplies subindustry, SmileDirectClub's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

SmileDirectClub's Inventory-to-Revenue Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, SmileDirectClub's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where SmileDirectClub's Inventory-to-Revenue falls into.

SmileDirectClub Inventory-to-Revenue Calculation

SmileDirectClub's Inventory-to-Revenue for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory-to-Revenue (A: Dec. 2022 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )
=	( (40.803	+	44.387)	/	2 )	/	470.743
=	42.595					/	470.743
=	0.09

SmileDirectClub's Inventory-to-Revenue for the quarter that ended in Jun. 2023 is calculated as

	Inventory-to-Revenue (Q: Jun. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Revenue (Q: Jun. 2023 )
=	( (40.031	+	35.557)	/	2 )	/	101.798
=	37.794					/	101.798
=	0.37

SmileDirectClub (OTCPK:SDCCQ) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

SmileDirectClub's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	37.794	/	28.884	*	365 / 4
	=	119.40

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

SmileDirectClub's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	28.884	/	37.794
	=	0.76

SmileDirectClub Inventory-to-Revenue Related Terms

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

SmileDirectClub (SmileDirectClub) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » SmileDirectClub Inc (OTCPK:SDCCQ) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

414 Union Street, Nashville, TN, USA, 37219

Website

https://www.smiledirectclub.com

SmileDirectClub Inc is engaged in the orthodontics business. It is mainly involved in the sale of aligners, impression kits, whitening gel, and retainers. The company has one operating segment, aligner products.

Executives

Richard F Wallman	director	HONEYWELL, 101 COLUMBIA ROAD, MORRISTOWN NJ 07962
Susan Greenspon Rammelt	director, officer: General Counsel, Sec. and Dir.	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Alexander Dimitrief	director	GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
Linda Marie Williams	director	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Cd&r Investment Associates X, Ltd.	10 percent owner	CLAYTON, DUBILIER & RICE, LLC, 375 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10152
Kay Oswald	officer: President of International	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Ward Edward W Iii	director	SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Steven B. Katzman	director, officer: COO and Director	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
David B Katzman	director, officer: CEO and Chairman	100 GALLERIA OFFICECENTRE, SUITE 419, SOUTHFIELD MI 48034
Jordan M. Katzman	director	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Kyle Wailes	officer: Chief Financial Officer	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Troy W. Crawford	officer: Chief Accounting Officer	C/O GAMESTOP CORP., 625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Carol Hamilton	director	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
William H. Frist	director	600 MONTGOMERY STREET, SAN FRANCISCO CA 94111
Cd&r Sdc Holdings, L.p.	10 percent owner	MAPLES CORP SERVICES LTD, P.O. BOX 309, UGLAND HOUSE, SOUTH CHURCH STREET, GRAND CAYMAN E9 KY1-1104