Shandong Weigao Group Medical Polymer Co (Shandong Weigao Group Medical Polymer Co) Days Inventory : 127.78 (As of Jun. 2023)

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What is Shandong Weigao Group Medical Polymer Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shandong Weigao Group Medical Polymer Co's Average Total Inventories for the six months ended in Jun. 2023 was $328 Mil. Shandong Weigao Group Medical Polymer Co's Cost of Goods Sold for the six months ended in Jun. 2023 was $468 Mil. Hence, Shandong Weigao Group Medical Polymer Co's Days Inventory for the six months ended in Jun. 2023 was 127.78.

The historical rank and industry rank for Shandong Weigao Group Medical Polymer Co's Days Inventory or its related term are showing as below:

SHWGY' s Days Inventory Range Over the Past 10 Years
Min: 97.35 Med: 126.33 Max: 163.31
Current: 132.59

During the past 13 years, Shandong Weigao Group Medical Polymer Co's highest Days Inventory was 163.31. The lowest was 97.35. And the median was 126.33.

SHWGY's Days Inventory is ranked better than
71.13% of 776 companies
in the Medical Devices & Instruments industry
Industry Median: 187.12 vs SHWGY: 132.59

Shandong Weigao Group Medical Polymer Co's Days Inventory increased from Jun. 2022 (101.42) to Jun. 2023 (127.78). It might indicate that Shandong Weigao Group Medical Polymer Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shandong Weigao Group Medical Polymer Co's Inventory Turnover for the six months ended in Jun. 2023 was 1.43.

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. Shandong Weigao Group Medical Polymer Co's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.34.

Shandong Weigao Group Medical Polymer Co Days Inventory Historical Data

The historical data trend for Shandong Weigao Group Medical Polymer Co'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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Shandong Weigao Group Medical Polymer Co Days Inventory Chart

Shandong Weigao Group Medical Polymer Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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113.41

97.07

102.97

119.89

135.09

Shandong Weigao Group Medical Polymer Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															98.00	101.42	124.41	127.78	135.47

Competitive Comparison of Shandong Weigao Group Medical Polymer Co's Days Inventory

For the Medical Instruments & Supplies subindustry, Shandong Weigao Group Medical Polymer Co'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.

Shandong Weigao Group Medical Polymer Co's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shandong Weigao Group Medical Polymer Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shandong Weigao Group Medical Polymer Co's Days Inventory falls into.

Shandong Weigao Group Medical Polymer Co Days Inventory Calculation

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

Shandong Weigao Group Medical Polymer Co's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (279.738	+	333.313)	/	2 )	/	933.191	*	365
=	306.5255					/	933.191	*	365
=	119.89

Shandong Weigao Group Medical Polymer Co's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (333.313	+	322.572)	/	2 )	/	468.375	*	365 / 2
=	327.9425					/	468.375	*	365 / 2
=	127.78

Shandong Weigao Group Medical Polymer Co (OTCPK:SHWGY) 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.

Shandong Weigao Group Medical Polymer Co's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	468.375	/	327.9425
	=	1.43

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.

Shandong Weigao Group Medical Polymer Co's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	327.9425	/	963.178
	=	0.34

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.

Shandong Weigao Group Medical Polymer Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Shandong Weigao Group Medical Polymer Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Shandong Weigao Group Medical Polymer Co (Shandong Weigao Group Medical Polymer Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shandong Weigao Group Medical Polymer Co Ltd (OTCPK:SHWGY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SHWGF:USA 01066:Hong Kong UK2:Germany

Address

No.1, Weigao Road, Torch Hi-tech Science Park, Shandong Province, Weihai, CHN

Website

https://www.weigaogroup.com

Shandong Weigao Group Medical Polymer Co Ltd functions in the healthcare sector in China. Its business mainly involves the research and development, production, and sale of single-use medical device products. The company's segments include Medical device products, Orthopaedic products, Interventional products, Pharma packaging products, Blood management products, and others. The company's products comprise consumables including infusion sets, syringes, medical needles, blood bags, prefilled syringes, wound management, blood sampling products; orthopedic materials, and blood purification consumables and equipment. The company operates in the People's Republic of China, the United States, Europe, the Middle East, and Africa, Asia, and others.

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