Viemed Healthcare (Viemed Healthcare) Days Inventory : 19.70 (As of Mar. 2024)

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What is Viemed Healthcare Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Viemed Healthcare's Average Total Inventories for the three months ended in Mar. 2024 was $4.5 Mil. Viemed Healthcare's Cost of Goods Sold for the three months ended in Mar. 2024 was $20.8 Mil. Hence, Viemed Healthcare's Days Inventory for the three months ended in Mar. 2024 was 19.70.

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

VMD' s Days Inventory Range Over the Past 10 Years
Min: 13.08 Med: 26.64 Max: 49.43
Current: 20.87

During the past 8 years, Viemed Healthcare's highest Days Inventory was 49.43. The lowest was 13.08. And the median was 26.64.

VMD's Days Inventory is ranked better than
97.94% of 777 companies
in the Medical Devices & Instruments industry
Industry Median: 190.88 vs VMD: 20.87

Viemed Healthcare's Days Inventory declined from Mar. 2023 (20.60) to Mar. 2024 (19.70).

Inventory Turnover measures how fast the company turns over its inventory within a year. Viemed Healthcare's Inventory Turnover for the three months ended in Mar. 2024 was 4.63.

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. Viemed Healthcare's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.09.

Viemed Healthcare Days Inventory Historical Data

The historical data trend for Viemed Healthcare'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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Viemed Healthcare Days Inventory Chart

Viemed Healthcare Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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31.96

13.08

19.93

20.33

21.32

Viemed Healthcare Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															20.60	21.01	22.15	22.77	19.70

Competitive Comparison of Viemed Healthcare's Days Inventory

For the Medical Devices subindustry, Viemed Healthcare'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.

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

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

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

Viemed Healthcare Days Inventory Calculation

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

Viemed Healthcare'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
=	( (3.574	+	4.628)	/	2 )	/	70.225	*	365
=	4.101					/	70.225	*	365
=	21.32

Viemed Healthcare's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (4.628	+	4.349)	/	2 )	/	20.791	*	365 / 4
=	4.4885					/	20.791	*	365 / 4
=	19.70

Viemed Healthcare (NAS:VMD) 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.

Viemed Healthcare's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	20.791	/	4.4885
	=	4.63

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.

Viemed Healthcare's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.4885	/	50.593
	=	0.09

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.

Viemed Healthcare Days Inventory Related Terms

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

Viemed Healthcare (Viemed Healthcare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Viemed Healthcare Inc (NAS:VMD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

VIJ:Germany

Address

625 E. Kaliste Saloom Road, Lafayette, LA, USA, 70508

Website

https://www.viemed.com

Viemed Healthcare Inc is a provider of equipment and home therapy to patients with respiratory disease, oxygen problems, sleep apnea and PAP treatment. The company also provides services such as respiratory disease management, neuromuscular care, in-home sleep testing and sleep apnea treatment, oxygen therapy, respiratory equipment rentals, and healthcare staffing services.

Executives

Jeremy Trahan	officer: Chief Legal Officer	625 E. KALISTE SALOOM RD., LAFAYETTE LA 70508
Timothy Smokoff	director	625 E KALISTE SALOOM RD, LAFAYETTE LA 70508
Nitin Kaushal	director	625 E KALISTE SALOOM RD, LAFAYETTE LA 70508
Randy E. Dobbs	director	C/O VIEMED HEALTHCARE, INC, 625 E. KALISTE SALOOM RD, LAFAYETTE LA 70508
Bruce D Greenstein	director	901 HUGH WALLIS ROAD SOUTH, LAFAYETTE LA 70508
William Todd Zehnder	director, officer: Chief Operating Officer	400 E. KALISTE SALOOM ROAD, SUITE 6000, LAFAYETTE LA 70508
Casey Hoyt	director, officer: Chief Executive Officer	625 E. KALISTE SALOOM RD., LAFAYETTE LA 70508
Michael Moore	officer: President	625 E. KALISTE SALOOM RD., LAFAYETTE LA 70508
Trae Fitzgerald	officer: Chief Financial Officer	625 E KALISTE SALOOM RD, LAFAYETTE LA 70508
William Frazier	director, officer: Chief Medical Officer	625 E KALISTE SALOOM RD, LAFAYETTE LA 70508
Jerome Cambre	officer: Vice President of Sales	625 E KALISTE SALOOM RD, LAFAYETTE LA 70508
Sabrina Heltz	director	625 E. KALISTE SALOOM ROAD, LAFAYETTE LA 70508
Ewell Patrick Eagan	officer: General Counsel	625 E. KALISTE SALOOM ROAD, LAFAYETTE LA 70508