Qlife Holding AB (OSTO:QLIFE) Days Inventory : 0.00 (As of Sep. 2023)

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What is Qlife Holding AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Qlife Holding AB's Average Total Inventories for the three months ended in Sep. 2023 was kr7.86 Mil. Qlife Holding AB's Cost of Goods Sold for the three months ended in Sep. 2023 was kr-2.69 Mil.

The historical rank and industry rank for Qlife Holding AB's Days Inventory or its related term are showing as below:

OSTO:QLIFE' s Days Inventory Range Over the Past 10 Years
Min: 100.82 Med: 112.47 Max: 120.94
Current: 100.82

During the past 4 years, Qlife Holding AB's highest Days Inventory was 120.94. The lowest was 100.82. And the median was 112.47.

OSTO:QLIFE's Days Inventory is ranked better than
83.14% of 777 companies
in the Medical Devices & Instruments industry
Industry Median: 190.88 vs OSTO:QLIFE: 100.82

Qlife Holding AB's Days Inventory stayed the same from Sep. 2022 (0.00) to Sep. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Qlife Holding AB's Inventory Turnover for the three months ended in Sep. 2023 was -0.34.

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. Qlife Holding AB's Inventory-to-Revenue for the three months ended in Sep. 2023 was 174.59.

Qlife Holding AB Days Inventory Historical Data

The historical data trend for Qlife Holding AB'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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Qlife Holding AB Days Inventory Chart

Qlife Holding AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Inventory

120.94

104.00

Qlife Holding AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial														-	24.69	-	-	-

Competitive Comparison of Qlife Holding AB's Days Inventory

For the Medical Devices subindustry, Qlife Holding AB'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.

Qlife Holding AB's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Qlife Holding AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where Qlife Holding AB's Days Inventory falls into.

Qlife Holding AB Days Inventory Calculation

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

Qlife Holding AB'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
=	( (8.309	+	8.07)	/	2 )	/	28.742	*	365
=	8.1895					/	28.742	*	365
=	104.00

Qlife Holding AB's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (7.841	+	7.872)	/	2 )	/	-2.689	*	365 / 4
=	7.8565					/	-2.689	*	365 / 4
=	N/A

Qlife Holding AB (OSTO:QLIFE) 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.

Qlife Holding AB's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	-2.689	/	7.8565
	=	-0.34

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.

Qlife Holding AB's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.8565	/	0.045
	=	174.59

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.

Qlife Holding AB Days Inventory Related Terms

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

Qlife Holding AB (OSTO:QLIFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Qlife Holding AB (OSTO:QLIFE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

4HG:Germany

Address

Redaregatan 48, Helsingborg, SWE, SE-252 36

Website

https://www.qlifeholding.com

Qlife Holding AB is a medical device company that seeks to revolutionize the clinical biomarker testing of whole blood by taking it out of the lab and into the homes of the people who needs it. The Egoo Home System is an integrated platform consisting of a small home device and disposable capsules, each of which tests for a specific biomarker. It provides a digital infrastructure for sharing the data with the patient's doctor, clinic or hospital via smartphone and computer.

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