Masimo (Masimo) Days Inventory : 180.08 (As of Dec. 2023)

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What is Masimo Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Masimo's Average Total Inventories for the three months ended in Dec. 2023 was $565 Mil. Masimo's Cost of Goods Sold for the three months ended in Dec. 2023 was $286 Mil. Hence, Masimo's Days Inventory for the three months ended in Dec. 2023 was 180.08.

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

MASI' s Days Inventory Range Over the Past 10 Years
Min: 104.71 Med: 122.47 Max: 187.06
Current: 187.06

During the past 13 years, Masimo's highest Days Inventory was 187.06. The lowest was 104.71. And the median was 122.47.

MASI's Days Inventory is ranked better than
51.03% of 776 companies
in the Medical Devices & Instruments industry
Industry Median: 189.595 vs MASI: 187.06

Masimo's Days Inventory increased from Dec. 2022 (149.74) to Dec. 2023 (180.08). It might indicate that Masimo's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Masimo's Inventory Turnover for the three months ended in Dec. 2023 was 0.51.

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. Masimo's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.03.

Masimo Days Inventory Historical Data

The historical data trend for Masimo'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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Masimo Days Inventory Chart

Masimo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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124.52

151.13

176.80

131.21

182.74

Masimo Quarterly Data
	Mar19	Jun19	Sep19	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															149.74	163.56	203.88	210.69	180.08

Competitive Comparison of Masimo's Days Inventory

For the Medical Devices subindustry, Masimo'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.

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

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

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

Masimo Days Inventory Calculation

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

Masimo'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
=	( (501	+	545)	/	2 )	/	1044.6	*	365
=	523					/	1044.6	*	365
=	182.74

Masimo'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
=	( (584.6	+	545)	/	2 )	/	286.2	*	365 / 4
=	564.8					/	286.2	*	365 / 4
=	180.08

Masimo (NAS:MASI) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	286.2	/	564.8
	=	0.51

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	564.8	/	548.9
	=	1.03

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.

Masimo Days Inventory Related Terms

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

Masimo (Masimo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Masimo Corp (NAS:MASI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MASI:Mexico 3M4:Germany 3M4:Germany

Address

52 Discovery, Irvine, CA, USA, 92618

Website

https://www.masimo.com

Masimo Corp is a global technology company. The company's segment includes healthcare and non-healthcare. The healthcare business segment is a key revenue driver, develops, manufactures, and markets a variety of noninvasive patient monitoring technologies, hospital automation and connectivity solutions, remote monitoring devices and consumer health products. Its non-healthcare segment includes consumer audio business develops, manufactures, markets sells and licenses premium and luxury audio sound products and related integration technologies.

Executives

Rolf A Classon	director	C/O CATALENT, INC., 14 SCHOOLHOUSE ROAD, SOMERSET NJ 08873
Politan Capital Management Gp Llc	other: Director by deputization	106 WEST 56TH STREET, 10TH FLOOR, NEW YORK NY 10019
Politan Capital Partners Gp Llc	other: Director by deputization	106 WEST 56TH STREET, 10TH FLOOR, NEW YORK NY 10019
Quentin Koffey	other: Director by deputization	POLITAN CAPITAL MANAGEMENT LP, 106 WEST 56TH STREET, 10TH FLOOR, NEW YORK NY 10019
Politan Capital Management Lp	other: Director by deputization	106 WEST 56TH STREET, 10TH FLOOR, NEW YORK NY 10019
Michelle Brennan	director	1855 S. GRANT STREET, SAN MATEO CA 94402
Joe E Kiani	director, officer: CEO and Chairman of the Board	4320 FOREST PARK AVENUE, SUITE 100, ST. LOUIS MO 63108
Paul Hataishi	officer: SVP, Chief Accounting Officer	C/O MASIMO CORPORATION, 52 DISCOVERY, IRVINE CA 92618
Blair Tripodi	officer: COO, Consumer Division	C/O MASIMO CORPORATION, 52 DISCOVERY, IRVINE CA 92618
Kevin P Duffy	officer: President, Consumer	1 VIPER WAY, VISTA CA 92081
Adam Mikkelson	director	C/O MASIMO CORPORATION, 52 DISCOVERY, IRVINE CA 92618
Tao Levy	officer: EVP BUS DEV	C/O MASIMO CORPORATION, 52 DISCOVERY, IRVINE CA 92618
Micah W Young	officer: EVP & Chief Financial Officer	C/O MASIMO CORPORATION, 52 DISCOVERY, IRVINE CA 92618
Thomas Samuel Mcclenahan	officer: EVP & GENERAL COUNSEL	40 PARKER, IRVINE CA 92618
Craig B Reynolds	director	1046 MIDDLEBROOK WAY, KENESAW GA 30144