Orthofix Medical Inc

NASDAQ OFIX

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Orthofix Medical Inc Days in Inventory 3 year CAGR for the year ending December 31, 2023: -2.62%

Orthofix Medical Inc Days in Inventory 3 year CAGR is -2.62% for the year ending December 31, 2023, a -120.60% change year over year. The days in inventory ratio measures the average number of days it takes for a company to sell its inventory. It is calculated by dividing 365 by the ratio of cost of revenue to the average of inventory and other current assets. This ratio indicates the efficiency of inventory management and the company's ability to convert inventory into sales within a specific period. A lower number of days in inventory is generally preferable. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Orthofix Medical Inc Days in Inventory for the year ending December 31, 2022 was 180.86, a 10.44% change year over year.
  • Orthofix Medical Inc Days in Inventory for the year ending December 31, 2021 was 163.76, a -9.60% change year over year.
  • Orthofix Medical Inc Days in Inventory for the year ending December 31, 2020 was 181.15, a -3.37% change year over year.
  • Orthofix Medical Inc Days in Inventory for the year ending December 31, 2019 was 187.47, a 4.81% change year over year.
NASDAQ: OFIX

Orthofix Medical Inc

CEO Mr. Jon C. Serbousek
IPO Date April 24, 1992
Location United States
Headquarters 3451 Plano Parkway, Lewisville, TX, United States, 75056
Employees 1,634
Sector Healthcare
Industry Medical devices
Description

Orthofix Medical Inc. operates as a spine and orthopedics company in the United States, Italy, Germany, the United Kingdom, France, Brazil, and internationally. It operates through two segments, Global Spine and Global Orthopedics. The Global Spine segment manufactures and distributes bone growth stimulator devices for enhance of bone fusion, including adjunctive and noninvasive treatment of cervical and lumbar spine, as well as a therapeutic treatment for non-spine; designs, develops, and markets a portfolio of motion preservation and fixation implant products, which are used in surgical procedures of the spine; and offers biological products, such as fiber-based and particulate demineralized bone matrices, cellular bone allografts, collagen ceramic matrices, and synthetic bone void fillers, and tissue forms, which allow physicians to treat various spinal and orthopedic conditions. This segment also designs, develops, and markets a portfolio of navigation technologies, including tracked surgical tools, intelligent software, and imaging equipment based on machine-vision and optical innovations. The Global Orthopedics segment offers products and solutions that allow physicians to treat various orthopedic conditions related to limb reconstruction and deformity correction unrelated to the spine. This segment designs, develops, and markets external and internal fixation orthopedic products that are coupled with enabling digital technologies to serve the complete patient treatment pathway. It sells its products through distributors and sales representatives to hospitals, healthcare organizations, and healthcare providers. The company was formerly known as Orthofix International N.V. and changed its name to Orthofix Medical Inc. in 2018. Orthofix Medical Inc. was founded in 1980 and is headquartered in Lewisville, Texas.

StockViz Staff

September 20, 2024

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