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Insulet Corporation develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally. The company offers Omnipod platform ...
The following section summarizes insights on Insulet Corporation's Days Inventory Outstanding:
We've identified the following companies as similar to Insulet Corporation because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Days Inventory Outstanding in the efficiency category include:
A working capital efficiency ratio used to estimate the average number of days the firm holds inventory before selling it to customers.
Days Inventory Outstanding is defined as:
Average Inventory
(/) Cost of Sales
(x) 365
(=) Days Inventory Outstanding
Days Inventory Outstanding for Insulet is calculated as follows:
Average Inventory [ ($430.4 M + $402.6 M) / 2 ]
(/) Cost of Sales [ $625.9 M ]
(x) 365
(=) Days Inventory Outstanding [ 243 days ]
Days Inventory Outstanding is a ratio that indicates how many days it takes a company to turn its inventory into sales. Similar to the Days Sales Outstanding ratio, a company would prefer to have a low DIO. The ratio essentially illustrates how long it takes the company to convert raw materials into cash. The sooner a company can convert to cash, the sooner it can use that cash to reinvest in the business and therefore, generate more sales.
Read more about cash conversion cycle, days sales outstanding, and days payables outstanding
The chart above depicts the distribution of days inventory outstanding for companies operating in the Healthcare sector in the Developed economic region. Over 3,175 companies were considered in this analysis, and 1,705 had meaningful values. The average days inventory outstanding of companies in the sector is 83 days with a standard deviation of 101 days.
Insulet Corporation's Days Inventory Outstanding of 243 days ranks in the 90.6% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 3,180 |
| Included Constituents | 1,705 |
| Min | -191 days |
| Max | 430 days |
| Median | 36 days |
| Mean | 83 days |
| Standard Deviation | 101 days |
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