Reliq Health Technologies (Reliq Health Technologies) Days Inventory : 21.45 (As of Sep. 2022)

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What is Reliq Health Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Reliq Health Technologies's Average Total Inventories for the three months ended in Sep. 2022 was $0.23 Mil. Reliq Health Technologies's Cost of Goods Sold for the three months ended in Sep. 2022 was $0.97 Mil. Hence, Reliq Health Technologies's Days Inventory for the three months ended in Sep. 2022 was 21.45.

The historical rank and industry rank for Reliq Health Technologies's Days Inventory or its related term are showing as below:

RQHTF's Days Inventory is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 32.305
* Ranked among companies with meaningful Days Inventory only.

Reliq Health Technologies's Days Inventory declined from Sep. 2021 (80.04) to Sep. 2022 (21.45).

Inventory Turnover measures how fast the company turns over its inventory within a year. Reliq Health Technologies's Inventory Turnover for the three months ended in Sep. 2022 was 4.25.

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. Reliq Health Technologies's Inventory-to-Revenue for the three months ended in Sep. 2022 was 0.09.

Reliq Health Technologies Days Inventory Historical Data

The historical data trend for Reliq Health Technologies'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.

Reliq Health Technologies Days Inventory Chart

Reliq Health Technologies Annual Data

Trend

Dec13

Dec14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Days Inventory

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147.67

219.51

463.27

47.37

Reliq Health Technologies Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Inventory	Get a 7-Day Free Trial															80.04	36.16	18.18	13.63	21.45

Competitive Comparison of Reliq Health Technologies's Days Inventory

For the Health Information Services subindustry, Reliq Health Technologies'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.

Reliq Health Technologies's Days Inventory Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Reliq Health Technologies's Days Inventory falls into.

Reliq Health Technologies Days Inventory Calculation

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

Reliq Health Technologies's Days Inventory for the fiscal year that ended in Jun. 2022 is calculated as

	Days Inventory (A: Jun. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2021 )	+	Total Inventories (A: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2022 )	*	Days in Period
=	( (0.447	+	0.212)	/	2 )	/	2.539	*	365
=	0.3295					/	2.539	*	365
=	47.37

Reliq Health Technologies's Days Inventory for the quarter that ended in Sep. 2022 is calculated as:

	Days Inventory (Q: Sep. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (0.212	+	0.245)	/	2 )	/	0.972	*	365 / 4
=	0.2285					/	0.972	*	365 / 4
=	21.45

Reliq Health Technologies (OTCPK:RQHTF) 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.

Reliq Health Technologies's Inventory Turnover for the three months ended in Sep. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.972	/	0.2285
	=	4.25

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.

Reliq Health Technologies's Inventory to Revenue for the three months ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.2285	/	2.603
	=	0.09

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.

Reliq Health Technologies Days Inventory Related Terms

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

Reliq Health Technologies (Reliq Health Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Reliq Health Technologies Inc (OTCPK:RQHTF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

175 Longwood Rd S., Suite 406A, Hamilton, ON, CAN, L8P 0A1

Website

https://www.reliqhealth.com

Reliq Health Technologies Inc specializes in developing Software-as-a-Service (SaaS) solutions for remote patient monitoring, telemedicine, and care collaboration. Reliq's IUGO health technology platform is a hardware and software solution that allows complex patients to receive high-quality care in the home, improving health outcomes, enhancing the quality of life for patients and families and reducing the cost of care delivery. The firm earns through the supply of mobile device management (MDM) solutions for mobile devices and subscriptions of the iUGO CARE platform to healthcare client. The firm is based in Canada.