The historical rank and industry rank for Silk Road Medical's Days Inventory or its related term are showing as below:
SILK'
s Days Inventory Range Over the Past 10 Years
Min: 150.91 Med: 179.29 Max: 231.14
Current: 175
During the past 7 years, Silk Road Medical's highest Days Inventory was 231.14. The lowest was 150.91. And the median was 179.29.
SILK's Days Inventory is ranked better than 55.34% of 777
companies
in the Medical Devices & Instruments industry
Industry Median: 190.74
vs SILK: 175.00
Silk Road Medical's Days Inventory
increased
from Mar. 2023 (132.86) to Mar. 2024 (229.83).
It might indicate that Silk Road Medical's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Silk Road Medical's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.40.
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.
Silk Road Medical's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.62.
Silk Road Medical Days Inventory Historical Data
The historical data trend for Silk Road 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.
Competitive Comparison of Silk Road Medical's Days Inventory
For the Medical Devices subindustry, Silk Road 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.
Silk Road Medical's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Silk Road Medical's Days Inventory distribution charts can be found below:
* The bar in red indicates where Silk Road Medical's Days Inventory falls into.
Silk Road Medical Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Silk Road Medical's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Silk Road Medical (NAS:SILK) 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.
Silk Road Medical's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
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.
Silk Road Medical's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* 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.
Silk Road Medical Days Inventory Related Terms
Thank you for viewing the detailed overview of Silk Road Medical's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Silk Road Medical (Silk Road Medical) Business Description
Silk Road Medical Inc is a medical device company focused on reducing the risk of stroke and its devastating impact. The company has a new approach for the treatment of carotid artery disease called transcarotid artery revascularization, or TCAR, which it seeks to establish as the standard of care. TCAR relies on two novel concepts - minimally-invasive direct carotid access in the neck and high-rate blood flow reversal during the procedure to protect the brain - and combines novel endovascular techniques with fundamental surgical principles. TCAR using its portfolio of products has been clinically demonstrated to reduce the upfront morbidity and mortality risks commonly associated with carotid endarterectomy while maintaining a reduction in long-term stroke risk.
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