Days Inventory is also known as Days Sales of Inventory (DSI). Chemed's Average Total Inventories for the
three
months ended in Dec. 2023 was $12 Mil. Chemed's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $358 Mil.
Hence, Chemed's Days Inventory for the
three
months ended in Dec. 2023 was 3.12.
The historical rank and industry rank for Chemed's Days Inventory or its related term are showing as below:
CHE'
s Days Inventory Range Over the Past 10 Years
Min: 1.64 Med: 2.03 Max: 2.85
Current: 2.85
During the past 13 years, Chemed's highest Days Inventory was 2.85. The lowest was 1.64. And the median was 2.03.
CHE's Days Inventory is ranked better than 93.15% of 467
companies
in the Healthcare Providers & Services industry
Industry Median: 31.13
vs CHE: 2.85
Chemed's Days Inventory
increased
from Dec. 2022 (2.71) to Dec. 2023 (3.12).
It might indicate that Chemed's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Chemed's Inventory Turnover for the
three
months ended in Dec. 2023 was 29.23.
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.
Chemed's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.02.
Chemed Days Inventory Historical Data
The historical data trend for Chemed'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.
* Premium members only.
Chemed Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
1.82
1.93
2.29
2.72
2.77
Chemed Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
2.71
2.58
2.72
3.05
3.12
Competitive Comparison
For the Medical Care Facilities subindustry, Chemed'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.
Chemed Days Inventory Distribution
For the Healthcare Providers & Services industry and Healthcare sector, Chemed's Days Inventory distribution charts can be found below:
* The bar in red indicates where Chemed's Days Inventory falls into.
Chemed Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Chemed'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.
Chemed (NYSE:CHE) 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.
Chemed's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Chemed's Inventory to Revenue for the
three
months 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.
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.
Chemed Days Inventory Related Terms
Thank you for viewing the detailed overview of Chemed's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Chemed Corp operates subsidiaries in two main segments: VITAS and Roto-Rooter. The VITAS segment generates the majority of the firm's revenue. It provides hospice and palliative-care services to patients with terminal illnesses through a network of physicians, registered nurses, home health aides, social workers, and volunteers. The vast majority of the segment's revenue is received from the Medicare and Medicaid reimbursement programs. The Roto-Rooter segment provides plumbing, drain cleaning, water restoration, and related services to residential and commercial customers. Chemed generates the majority of its revenue from business in the United States.
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