Envoy Medical (Envoy Medical) Days Inventory : 546.14 (As of Dec. 2023)

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What is Envoy Medical Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Envoy Medical's Average Total Inventories for the three months ended in Dec. 2023 was $1.40 Mil. Envoy Medical's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.23 Mil. Hence, Envoy Medical's Days Inventory for the three months ended in Dec. 2023 was 546.14.

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

COCH' s Days Inventory Range Over the Past 10 Years
Min: 503.12 Med: 624.29 Max: 863.03
Current: 652.03

During the past 3 years, Envoy Medical's highest Days Inventory was 863.03. The lowest was 503.12. And the median was 624.29.

COCH's Days Inventory is ranked worse than
92.15% of 777 companies
in the Medical Devices & Instruments industry
Industry Median: 190.88 vs COCH: 652.03

Envoy Medical's Days Inventory increased from Sep. 2022 (0.00) to Dec. 2023 (546.14). It might indicate that Envoy Medical'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. Envoy Medical's Inventory Turnover for the three months ended in Dec. 2023 was 0.17.

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. Envoy Medical's Inventory-to-Revenue for the three months ended in Dec. 2023 was 14.74.

Envoy Medical Days Inventory Historical Data

The historical data trend for Envoy 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.

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Envoy Medical Days Inventory Chart

Envoy Medical Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

503.12

863.03

624.29

Envoy Medical Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial			-	782.57	356.37	652.51	546.14

Competitive Comparison of Envoy Medical's Days Inventory

For the Medical Devices subindustry, Envoy 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.

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

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

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

Envoy Medical Days Inventory Calculation

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

Envoy Medical'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
=	( (1.295	+	1.404)	/	2 )	/	0.789	*	365
=	1.3495					/	0.789	*	365
=	624.29

Envoy Medical'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
=	( (1.397	+	1.404)	/	2 )	/	0.234	*	365 / 4
=	1.4005					/	0.234	*	365 / 4
=	546.14

Envoy Medical (NAS:COCH) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.234	/	1.4005
	=	0.17

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.4005	/	0.095
	=	14.74

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.

Envoy Medical Days Inventory Related Terms

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

Envoy Medical (Envoy Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Envoy Medical Inc (NAS:COCH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4875 White Bear Parkway, White Bear Lake, MN, USA, 55110

Website

https://www.envoymedical.com

Envoy Medical Inc is focused on designing, developing, and marketing fully implantable medical devices that improve hearing. The Company's first commercial product, the Esteem PMA application, is a fully implantable hearing device. The Esteem PMA was cleared in 2010 by the United States Food and Drug Administration. The Company intends to continue to pursue the development of a cochlear implant.