Days Inventory is also known as Days Sales of Inventory (DSI). Aurora Spine's Average Total Inventories for the
three
months ended in Mar. 2024 was C$4.85 Mil. Aurora Spine's Cost of Goods Sold for the
three
months ended in Mar. 2024 was C$2.07 Mil.
Hence, Aurora Spine's Days Inventory for the
three
months ended in Mar. 2024 was 213.58.
The historical rank and industry rank for Aurora Spine's Days Inventory or its related term are showing as below:
TSXV:ASG'
s Days Inventory Range Over the Past 10 Years
Min: 99.45 Med: 205.69 Max: 1010.28
Current: 192.13
During the past 11 years, Aurora Spine's highest Days Inventory was 1010.28. The lowest was 99.45. And the median was 205.69.
TSXV:ASG's Days Inventory is ranked better than 50.45% of 775
companies
in the Medical Devices & Instruments industry
Industry Median: 192.78
vs TSXV:ASG: 192.13
Aurora Spine's Days Inventory
increased
from Mar. 2023 (193.72) to Mar. 2024 (213.58).
It might indicate that Aurora Spine'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.
Aurora Spine's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.43.
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.
Aurora Spine's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.89.
Aurora Spine Days Inventory Historical Data
The historical data trend for Aurora Spine'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 Aurora Spine's Days Inventory
For the Medical Devices subindustry, Aurora Spine'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.
Aurora Spine's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Aurora Spine's Days Inventory distribution charts can be found below:
* The bar in red indicates where Aurora Spine's Days Inventory falls into.
Aurora Spine Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Aurora Spine'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.
Aurora Spine (TSXV:ASG) 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.
Aurora Spine'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.
Aurora Spine'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.
Aurora Spine Days Inventory Related Terms
Thank you for viewing the detailed overview of Aurora Spine's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Aurora Spine Corp is engaged in the business of the development and commercialization of minimally invasive interspinous fusion systems and devices. The product portfolio includes implants, surgical tools, and biologics. It derives revenues primarily from the sale of spinal surgery implants, consumable products used in spinal surgeries, and service revenue for referring products to its customers.
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