HMS Holdings (HMS Holdings) Days Inventory : 0.00 (As of Dec. 2020)

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What is HMS Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). HMS Holdings's Average Total Inventories for the three months ended in Dec. 2020 was $0.0 Mil. HMS Holdings's Cost of Goods Sold for the three months ended in Dec. 2020 was $118.1 Mil. Hence, HMS Holdings's Days Inventory for the three months ended in Dec. 2020 was 0.00.

The historical rank and industry rank for HMS Holdings's Days Inventory or its related term are showing as below:

HMSY's Days Inventory is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 32.7
* Ranked among companies with meaningful Days Inventory only.

HMS Holdings's Days Inventory stayed the same from Dec. 2019 (0.00) to Dec. 2020 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. HMS Holdings's Inventory-to-Revenue for the three months ended in Dec. 2020 was 0.00.

HMS Holdings Days Inventory Historical Data

The historical data trend for HMS Holdings'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.

HMS Holdings Days Inventory Chart

HMS Holdings Annual Data

Trend

Dec11

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Dec13

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Dec16

Dec17

Dec18

Dec19

Dec20

Days Inventory

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HMS Holdings Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of HMS Holdings's Days Inventory

For the Health Information Services subindustry, HMS Holdings'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.

HMS Holdings's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, HMS Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where HMS Holdings's Days Inventory falls into.

HMS Holdings Days Inventory Calculation

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

HMS Holdings's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	457.306	*	365
=	0					/	457.306	*	365
=	0.00

HMS Holdings's Days Inventory for the quarter that ended in Dec. 2020 is calculated as:

	Days Inventory (Q: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2020 )	+	Total Inventories (Q: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	118.134	*	365 / 4
=	0					/	118.134	*	365 / 4
=	0.00

HMS Holdings (NAS:HMSY) 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.

HMS Holdings's Inventory Turnover for the three months ended in Dec. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	118.134	/	0
	=

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.

HMS Holdings's Inventory to Revenue for the three months ended in Dec. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	193.981
	=	0.00

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.

HMS Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of HMS Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

HMS Holdings (HMS Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HMS Holdings Corp (NAS:HMSY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

5615 High Point Drive, Irving, TX, USA, 75038

Website

https://www.hms.com

HMS Holdings Corp is a United States-based holding company that conducts businesses through its operating subsidiaries. The company offers services that help customers contain healthcare insurance benefit costs. Its primary offerings comprise coordination of benefits, payment integrity, and eligibility verification. The coordination of benefits service ensures the right party pays a health claim. The payment integrity service ensures the billing and/or payment is accurate and appropriate. The eligibility verification service ensures individuals meet qualifying criteria for healthcare programs. The company's customers include Medicaid agencies, government health agencies, health plans, government and private employers, and others. The company operates only within the United States.

Executives

Richard H Stowe	director	CAPITAL COUNSEL LLC 360 PARK AVENUE 11TH FLOOR NEW YORK NY 10022
Craig R Callen	director	7902 WESTPARK DR, C/O SUNRISE ASSISTED LIVING, MCLEAN VA 22102
Tellez Cora M	director	TISCH FAMILY INTERESTS, 667 MADISON AVE 7TH FL, NEW YORK NY 10021-8087
Bart M Schwartz	director	401 PARK AVENUE SOUTH NEW YORK NY 10016
William C Lucia	director, officer: Chairman, President and CEO	HEALTH MANAGEMENT SYSTEMS 401 PARK AVENUE S NEW YORK NY 10021
Katherine Baicker	director	LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
Robert Becker	director	C/O HMS HOLDINGS CORP. 5615 HIGH POINT DR. IRVING TX 75038
Miller William F Iii	director	3618 HARVARD, DALLAS TX 75205
Ellen A Rudnick	director	5807 SOUTH WOODLAWN AVENUE, MP POLSKY CENTER FOR ENTREPRENEURSHIP, CHICAGO IL 60637
Jeffrey A Rideout	director	2142 DEER OAK WAY, DANVILLE CA 94506
Greg D Aunan	officer: SVP, Chief Accounting Officer	HMS HOLDINGS CORP., 5615 HIGH POINT DRIVE, IRVING TX 75038
Jacob Sims	officer: SVP, Chief Technology Officer	C/O HMS HOLDINGS CORP. 5615 HIGH POINT DR. IRVING TX 75038
David A Alexander	officer: Chief HR & Compliance Officer	C/O HMS HOLDINGS CORP. 5615 HIGH POINT DRIVE IRVING TX 75038
Jeffrey Scott Sherman	officer: EVP, CFO, and Treasurer	103 POWELL COURT, SUITE 200, BRENTWOOD TN 37027
Teresa South	officer: Chief Administrative Officer	401 PARK AVENUE SOUTH NEW YORK NY 10016