Innerscope Hearing Technologies (Innerscope Hearing Technologies) Days Inventory : 83.65 (As of Dec. 2020)

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What is Innerscope Hearing Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Innerscope Hearing Technologies's Average Total Inventories for the three months ended in Dec. 2020 was $0.01 Mil. Innerscope Hearing Technologies's Cost of Goods Sold for the three months ended in Dec. 2020 was $0.01 Mil. Hence, Innerscope Hearing Technologies's Days Inventory for the three months ended in Dec. 2020 was 83.65.

The historical rank and industry rank for Innerscope Hearing Technologies's Days Inventory or its related term are showing as below:

INND's Days Inventory is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 193.045
* Ranked among companies with meaningful Days Inventory only.

Innerscope Hearing Technologies's Days Inventory increased from Dec. 2019 (32.93) to Dec. 2020 (83.65). It might indicate that Innerscope Hearing Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Innerscope Hearing Technologies's Inventory Turnover for the three months ended in Dec. 2020 was 1.09.

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. Innerscope Hearing Technologies's Inventory-to-Revenue for the three months ended in Dec. 2020 was 0.25.

Innerscope Hearing Technologies Days Inventory Historical Data

The historical data trend for Innerscope Hearing Technologies'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.

Innerscope Hearing Technologies Days Inventory Chart

Innerscope Hearing Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Inventory

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0.94

4.97

98.27

40.76

63.48

Innerscope Hearing Technologies Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Days Inventory	Get a 7-Day Free Trial															32.93	25.14	51.33	63.88	83.65

Competitive Comparison of Innerscope Hearing Technologies's Days Inventory

For the Medical Instruments & Supplies subindustry, Innerscope Hearing Technologies'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.

Innerscope Hearing Technologies's Days Inventory Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Innerscope Hearing Technologies's Days Inventory falls into.

Innerscope Hearing Technologies Days Inventory Calculation

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

Innerscope Hearing Technologies's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (0.019	+	0.005)	/	2 )	/	0.069	*	365
=	0.012					/	0.069	*	365
=	63.48

Innerscope Hearing Technologies's Days Inventory for the quarter that ended in Dec. 2020 is calculated as:

	Days Inventory (Q: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2020 )	+	Total Inventories (Q: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
=	( (0.006	+	0.005)	/	2 )	/	0.006	*	365 / 4
=	0.0055					/	0.006	*	365 / 4
=	83.65

Innerscope Hearing Technologies (OTCPK:INND) 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.

Innerscope Hearing Technologies's Inventory Turnover for the three months ended in Dec. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.006	/	0.0055
	=	1.09

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.

Innerscope Hearing Technologies's Inventory to Revenue for the three months ended in Dec. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0055	/	0.022
	=	0.25

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.

Innerscope Hearing Technologies Days Inventory Related Terms

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Innerscope Hearing Technologies (Innerscope Hearing Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Innerscope Hearing Technologies Inc (OTCPK:INND) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

2151 Professional Drive, Second Floor, Roseville, CA, USA, 95661

Website

https://www.innd.com

Innerscope Hearing Technologies Inc is a manufacturer and a DTC distributor/retailer of FDA-registered hearing aids, personal sound amplifier products, hearing-related treatment therapies, doctor-formulated dietary hearing supplements, and proprietary CDB oil for treating tinnitus. It also owns and operates audiological and retail hearing device clinics and plans to continue to open and acquire additional clinics. The company operates retail hearing device clinics in California.