Days Inventory is also known as Days Sales of Inventory (DSI). CareRx's Average Total Inventories for the
three
months ended in Dec. 2023 was C$19.9 Mil. CareRx's Cost of Goods Sold for the
three
months ended in Dec. 2023 was C$65.4 Mil.
Hence, CareRx's Days Inventory for the
three
months ended in Dec. 2023 was 27.82.
The historical rank and industry rank for CareRx's Days Inventory or its related term are showing as below:
TSX:CRRX'
s Days Inventory Range Over the Past 10 Years
Min: 20.84 Med: 25.8 Max: 61.22
Current: 27.58
During the past 13 years, CareRx's highest Days Inventory was 61.22. The lowest was 20.84. And the median was 25.80.
TSX:CRRX's Days Inventory is ranked better than 55.96% of 470
companies
in the Healthcare Providers & Services industry
Industry Median: 32.44
vs TSX:CRRX: 27.58
CareRx's Days Inventory
increased
from Dec. 2022 (27.20) to Dec. 2023 (27.82).
It might indicate that CareRx's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
CareRx's Inventory Turnover for the
three
months ended in Dec. 2023 was 3.28.
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.
CareRx's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.22.
CareRx Days Inventory Historical Data
The historical data trend for CareRx'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.
For the Medical Care Facilities subindustry, CareRx'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.
CareRx's Days Inventory Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, CareRx's Days Inventory distribution charts can be found below:
* The bar in red indicates where CareRx's Days Inventory falls into.
CareRx Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
CareRx'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.
CareRx (TSX:CRRX) 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.
CareRx'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.
CareRx'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.
CareRx Days Inventory Related Terms
Thank you for viewing the detailed overview of CareRx's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
CareRx Corp is a provider of specialty pharmacy services to seniors. The company is a national organization with a large network of pharmacy fulfilment centers strategically located across the country. This allows it to deliver medications in a timely and cost-effective manner and quickly respond to routine changes in medication management. It takes an active role in working with its home operator partners to promote resident health, staff education, and medication system quality and efficiency. Geographically it derives revenue from the sales of goods and capitated service fees in Ontario and Western Canada.
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