CMIC HOLDINGS Co (CMIC HOLDINGS Co) Inventory-to-Revenue : 0.23 (As of Dec. 2023)

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What is CMIC HOLDINGS Co Inventory-to-Revenue?

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. CMIC HOLDINGS Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $29.2 Mil. CMIC HOLDINGS Co's Revenue for the three months ended in Dec. 2023 was $125.6 Mil. CMIC HOLDINGS Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

CMIC HOLDINGS Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 increased from Sep. 2023 (0.19) to Sep. 2023 (0.23)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CMIC HOLDINGS Co's Days Inventory for the three months ended in Dec. 2023 was 27.43.

Inventory Turnover measures how fast the company turns over its inventory within a year. CMIC HOLDINGS Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.33.

CMIC HOLDINGS Co Inventory-to-Revenue Historical Data

The historical data trend for CMIC HOLDINGS Co's Inventory-to-Revenue 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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CMIC HOLDINGS Co Inventory-to-Revenue Chart

CMIC HOLDINGS Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory-to-Revenue

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0.09

0.10

0.09

0.06

CMIC HOLDINGS Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.31	0.33	0.27	0.19	0.23

Competitive Comparison of CMIC HOLDINGS Co's Inventory-to-Revenue

For the Diagnostics & Research subindustry, CMIC HOLDINGS Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

CMIC HOLDINGS Co's Inventory-to-Revenue Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, CMIC HOLDINGS Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where CMIC HOLDINGS Co's Inventory-to-Revenue falls into.

CMIC HOLDINGS Co Inventory-to-Revenue Calculation

CMIC HOLDINGS Co's Inventory-to-Revenue for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory-to-Revenue (A: Sep. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )
=	( (61.709	+	23.119)	/	2 )	/	708.181
=	42.414					/	708.181
=	0.06

CMIC HOLDINGS Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (23.119	+	35.255)	/	2 )	/	125.62
=	29.187					/	125.62
=	0.23

CMIC HOLDINGS Co (OTCPK:CMICF) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

CMIC HOLDINGS Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	29.187	/	97.102	*	365 / 4
	=	27.43

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

CMIC HOLDINGS Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	97.102	/	29.187
	=	3.33

CMIC HOLDINGS Co Inventory-to-Revenue Related Terms

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CMIC HOLDINGS Co (CMIC HOLDINGS Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » CMIC HOLDINGS Co Ltd (OTCPK:CMICF) » Definitions » Inventory-to-Revenue

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2309:Japan

Address

Hamamatsucho Building, 1-1-1 Shibaura, Minato-ku, Tokyo, JPN, 105-0023

Website

https://www.cmicgroup.com

CMIC HOLDINGS Co Ltd is a Japan-based management consulting company. It contributes to the development of the medical and healthcare field. The company is mainly engaged in Contract Research Organization (CRO), Contract Development and Manufacturing (CDMO), Contract Sales Organization (CSO), Innovative Pharma Model (IPM) and healthcare business. CMIC support a wide range of pharmaceutical management services such as data management, statistical analysis, medicine consulting, medical writing, audit, and analytical tests, clinical trials for the medical and pharmaceutical industry, human resource services. It is also engaged in providing sales and marketing support for pharmaceuticals.