NextGen Healthcare (NextGen Healthcare) Days Inventory : 0.00 (As of Sep. 2023)

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What is NextGen Healthcare Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). NextGen Healthcare's Average Total Inventories for the three months ended in Sep. 2023 was $0.0 Mil. NextGen Healthcare's Cost of Goods Sold for the three months ended in Sep. 2023 was $94.8 Mil. Hence, NextGen Healthcare's Days Inventory for the three months ended in Sep. 2023 was 0.00.

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

During the past 13 years, NextGen Healthcare's highest Days Inventory was 1.28. The lowest was 0.26. And the median was 0.77.

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

NextGen Healthcare'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.

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. NextGen Healthcare's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.00.

NextGen Healthcare Days Inventory Historical Data

The historical data trend for NextGen Healthcare'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.

NextGen Healthcare Days Inventory Chart

NextGen Healthcare Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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0.27

NextGen Healthcare Quarterly Data
	Dec18	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															-	-	-	-	-

Competitive Comparison of NextGen Healthcare's Days Inventory

For the Health Information Services subindustry, NextGen Healthcare'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.

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

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

* The bar in red indicates where NextGen Healthcare's Days Inventory falls into.

NextGen Healthcare Days Inventory Calculation

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

NextGen Healthcare's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	342.013	*	365
=	0					/	342.013	*	365
=	0.00

NextGen Healthcare'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
=	( (0	+	0)	/	1 )	/	94.797	*	365 / 4
=	0					/	94.797	*	365 / 4
=	0.00

NextGen Healthcare (NAS:NXGN) 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.

NextGen Healthcare's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	94.797	/	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.

NextGen Healthcare's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	176.418
	=	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.

NextGen Healthcare Days Inventory Related Terms

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

NextGen Healthcare (NextGen Healthcare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » NextGen Healthcare Inc (NAS:NXGN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3525 Piedmont Road, NE Building 6, Suite 700, Atlanta, GA, USA, 30305

Website

https://www.nextgen.com

NextGen Healthcare Inc is a United States-based company that provides healthcare solutions. The company offers technology and services platform supports for ambulatory and specialty practices of all sizes. It provides software, services, and analytics solutions to medical and dental group practices.

Executives

Three Prong Investments, Llc	10 percent owner	1695 VIKING RD, LAGUNA BEACH CA 92651
David A Metcalfe	officer: Chief Technology Officer	3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305
Mitchell Waters	officer: EVP, Commercial Growth	3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305
Craig A. Barbarosh	director	3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305
David Ahmadzai	officer: Chief Accounting Officer	3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305
Donna Cullen Greene	officer: EVP, Human Resources	3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305
Srinivas S Velamoor	officer: EVP, Business Development	3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305
David William Sides	officer: President and CEO	3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305
Arnold James Robert Jr.	officer: Chief Financial Officer	3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305
Darnell Dent	director	3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305
Pamela Puryear	director	253 DOLPHIN COVE QUAY, STAMFORD CT 06902
Geraldine Mcginty	director	3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305
Lonnie Allen Plunk	officer: EVP, Operations	3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305
John R Frantz	officer: CEO and President	3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305
Lance Rosenzweig	director	3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305