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Days Inventory is also known as Days Sales of Inventory (DSI). Progressive Care's Average Total Inventories for the three months ended in Jun. 2024 was $2.86 Mil. Progressive Care's Cost of Goods Sold for the three months ended in Jun. 2024 was $8.78 Mil. Hence, Progressive Care's Days Inventory for the three months ended in Jun. 2024 was 29.76.
The historical rank and industry rank for Progressive Care's Days Inventory or its related term are showing as below:
During the past 13 years, Progressive Care's highest Days Inventory was 25.99. The lowest was 9.14. And the median was 10.86.
Progressive Care's Days Inventory increased from Jun. 2023 (16.51) to Jun. 2024 (29.76). It might indicate that Progressive Care's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. Progressive Care's Inventory Turnover for the three months ended in Jun. 2024 was 3.07.
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. Progressive Care's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.21.
The historical data trend for Progressive Care'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.
Progressive Care Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 9.14 | 10.15 | 13.33 | 10.86 | - |
Progressive Care Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Days Inventory | Get a 7-Day Free Trial | 16.51 | 24.66 | 28.44 | 27.72 | 29.76 |
For the Pharmaceutical Retailers subindustry, Progressive Care'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.
For the Healthcare Providers & Services industry and Healthcare sector, Progressive Care's Days Inventory distribution charts can be found below:
* The bar in red indicates where Progressive Care's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Progressive Care'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 |
= | ( (0.688 | + | 3.069) | / | 2 ) | / | 0 | * | 365 |
= | 1.8785 | / | 0 | * | 365 | ||||
= | N/A |
Progressive Care's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:
Days Inventory (Q: Jun. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Mar. 2024 ) | + | Total Inventories (Q: Jun. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Jun. 2024 ) | * | Days in Period |
= | ( (3.385 | + | 2.343) | / | 2 ) | / | 8.782 | * | 365 / 4 |
= | 2.864 | / | 8.782 | * | 365 / 4 | ||||
= | 29.76 |
* 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.
Progressive Care (OTCPK:RXMD) 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.
Progressive Care's Inventory Turnover for the three months ended in Jun. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 8.782 | / | 2.864 | |
= | 3.07 |
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.
Progressive Care's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 2.864 | / | 13.477 | |
= | 0.21 |
* 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.
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.
Thank you for viewing the detailed overview of Progressive Care's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Charles M. Fernandez | director, 10 percent owner, officer: Chairman & CEO | C/O FAIRHOLME CAPITAL MANAGEMENT, L.L.C., 4400 BISCAYNE BOULEVARD, 9TH FLOOR, MIAMI FL 33137 |
Rodney Barreto | director, 10 percent owner | 460 MARQUESA DRIVE, CORAL GABLES FL 33156 |
Pamela M Roberts | officer: CHIEF OPERATING OFFICER | 1540 NW 203 ST, MIAMI FL 33169 |
Pedro Rodriguez | director | 258 NE 27TH STREET, MIAMI FL 33137 |
Birute Norkute | officer: Chief Operating Officer | 2311 NE 174TH ST, MIAMI FL 33160 |
Alan Jay Weisberg | officer: CHIEF FINANCIAL OFFICER | 2500 NORTH MILITARY TRAIL, SUITE 206, BOCA RATON FL 33431 |
Cecile Munnik | officer: CFO | 400 ANSIN BLVD SUITE A, HALLANDALE BEACH FL 33009 |
Joseph Ziegler | director | 1051 HILLSBORO MILE, PH2, HILLSBORO BEACH FL 33062 |
Jervis Hough | director | 6053 BARTAM COVE, DULUTH GA 30097 |
Shital P Parikh | director, officer: Chief Operating Officer | 1111 PARK CENTER BLVD., SUITE 202, MIAMI GARDENS FL 33169 |
Vernon Watson | officer: Chief Executive Officer | 1111 PARK CENTER BLVD., SUITE 202, MIAMI GARDENS FL 33169 |
Armen Karapetyan | 10 percent owner | 17395 NORTH BAY ROAD, SUITE 102, SUNNY ISLES BEACH FL 33160 |
Avraham A. Friedman | director, 10 percent owner, officer: Chief Executive Officer | C/O PROGRESSIVE CARE INC., 901 N. MIAMI BEACH BLVD., SUITE 1, N. MIAMI BEACH FL 33162 |
Andy Subachan | director, 10 percent owner, officer: Chief Operating Officer | C/O PROGRESSIVE CARE INC., 901 N. MIAMI BEACH BLVD., SUITE 1, N. MIAMI BEACH FL 33162 |
Buddy Young | director, 10 percent owner, officer: President, CEO, CFO, Chairman |
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