Beijing Chunlizhengda Medical Instruments Co (HKSE:01858) Days Inventory : 383.35 (As of Dec. 2023)

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What is Beijing Chunlizhengda Medical Instruments Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Beijing Chunlizhengda Medical Instruments Co's Average Total Inventories for the three months ended in Dec. 2023 was HK$460.7 Mil. Beijing Chunlizhengda Medical Instruments Co's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$109.7 Mil. Hence, Beijing Chunlizhengda Medical Instruments Co's Days Inventory for the three months ended in Dec. 2023 was 383.35.

The historical rank and industry rank for Beijing Chunlizhengda Medical Instruments Co's Days Inventory or its related term are showing as below:

HKSE:01858' s Days Inventory Range Over the Past 10 Years
Min: 159.54 Med: 262.94 Max: 569.91
Current: 569.91

During the past 11 years, Beijing Chunlizhengda Medical Instruments Co's highest Days Inventory was 569.91. The lowest was 159.54. And the median was 262.94.

HKSE:01858's Days Inventory is ranked worse than
90.35% of 777 companies
in the Medical Devices & Instruments industry
Industry Median: 190.74 vs HKSE:01858: 569.91

Beijing Chunlizhengda Medical Instruments Co's Days Inventory increased from Sep. 2022 (329.77) to Dec. 2023 (383.35). It might indicate that Beijing Chunlizhengda Medical Instruments Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Beijing Chunlizhengda Medical Instruments Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.24.

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. Beijing Chunlizhengda Medical Instruments Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.01.

Beijing Chunlizhengda Medical Instruments Co Days Inventory Historical Data

The historical data trend for Beijing Chunlizhengda Medical Instruments 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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Beijing Chunlizhengda Medical Instruments Co Days Inventory Chart

Beijing Chunlizhengda Medical Instruments Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

201.57

247.37

232.38

275.50

383.90

Beijing Chunlizhengda Medical Instruments Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															264.57	-	445.41	383.35	687.78

Competitive Comparison of Beijing Chunlizhengda Medical Instruments Co's Days Inventory

For the Medical Devices subindustry, Beijing Chunlizhengda Medical Instruments 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.

Beijing Chunlizhengda Medical Instruments Co's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Beijing Chunlizhengda Medical Instruments Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Beijing Chunlizhengda Medical Instruments Co's Days Inventory falls into.

Beijing Chunlizhengda Medical Instruments Co Days Inventory Calculation

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

Beijing Chunlizhengda Medical Instruments Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (290.11	+	475.232)	/	2 )	/	363.83	*	365
=	382.671					/	363.83	*	365
=	383.90

Beijing Chunlizhengda Medical Instruments Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (446.21	+	475.232)	/	2 )	/	109.667	*	365 / 4
=	460.721					/	109.667	*	365 / 4
=	383.35

Beijing Chunlizhengda Medical Instruments Co (HKSE:01858) 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.

Beijing Chunlizhengda Medical Instruments Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	109.667	/	460.721
	=	0.24

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.

Beijing Chunlizhengda Medical Instruments Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	460.721	/	455.415
	=	1.01

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.

Beijing Chunlizhengda Medical Instruments Co Days Inventory Related Terms

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

Beijing Chunlizhengda Medical Instruments Co (HKSE:01858) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Beijing Chunlizhengda Medical Instruments Co Ltd (HKSE:01858) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

688236:China

Address

No. 10 Xinmi Xi Er Road, Southern District of Tongzhou, Economic Development Zone, Tongzhou District, Beijing, CHN

Website

http://www.clzd.com

Beijing Chunlizhengda Medical Instruments Co Ltd is an orthopedic medical device company. It is engaged in the research, development, manufacture, and sale of orthopedic medical devices, including joint prosthesis products and spinal products. The products offered by the company are classified into three categories, namely Standard joint prosthesis products, Custom joint prosthesis products, and Spinal products. It operates in the business segment of manufacture and trading of surgical implants, instruments and related products.

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