What is Wright Medical Group NV Inventory-to-Revenue?
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. Wright Medical Group NV's Average Total Inventories for the quarter that ended in Sep. 2020 was $240.9 Mil. Wright Medical Group NV's Revenue for the
three
months ended in Sep. 2020 was $223.4 Mil.
Wright Medical Group NV's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 1.08.
Wright Medical Group NV's Inventory-to-Revenue for the quarter that ended in Sep. 2020
declined
from Jun. 2020 (1.75) to Jun. 2020 (1.08)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Wright Medical Group NV's Days Inventory for the
three
months ended in Sep. 2020 was 487.02.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Wright Medical Group NV's Inventory Turnover for the quarter that ended in Sep. 2020 was 0.19.
Wright Medical Group NV Inventory-to-Revenue Historical Data
The historical data trend for Wright Medical Group NV's Inventory-to-Revenue 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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Wright Medical Group NV Inventory-to-Revenue Chart
Competitive Comparison of Wright Medical Group NV's Inventory-to-Revenue
For the Medical Devices subindustry, Wright Medical Group NV's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.
Wright Medical Group NV's Inventory-to-Revenue Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Wright Medical Group NV's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Wright Medical Group NV's Inventory-to-Revenue falls into.
Wright Medical Group NV Inventory-to-Revenue Calculation
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.
Wright Medical Group NV's Inventory-to-Revenue for the fiscal year that ended in Dec. 2019 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.
Wright Medical Group NV (NAS:WMGI) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Wright Medical Group NV's Days Inventory for the
three
months ended in Sep. 2020 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.
Wright Medical Group NV Inventory-to-Revenue Related Terms
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Wright Medical Group NV (Wright Medical Group NV) Business Description
Wright Medical Group develops medical devices and products in five categories: lower extremities, upper extremities, biologics, large joints, and sports medicine, and other. Products for lower extremities include joint implants and bone fixation devices for the foot and ankle, whereas products for upper extremities include implants and devices for the shoulder, elbow, wrist, and hand. The biologics business sells products used to treat damaged or diseased bone, tendons, and soft tissues or to stimulate bone growth. The large joints business sells hip and knee replacement implants. The firm's sports medicine products are used to mechanically repair tissue injuries. Wright Medical Group generates the majority of its revenue in the United States.
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