China Meheco Group Co (SHSE:600056) Days Inventory : 88.60 (As of Sep. 2023)

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What is China Meheco Group Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Meheco Group Co's Average Total Inventories for the three months ended in Sep. 2023 was ¥7,064 Mil. China Meheco Group Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥7,275 Mil. Hence, China Meheco Group Co's Days Inventory for the three months ended in Sep. 2023 was 88.60.

The historical rank and industry rank for China Meheco Group Co's Days Inventory or its related term are showing as below:

SHSE:600056' s Days Inventory Range Over the Past 10 Years
Min: 65.23 Med: 72.57 Max: 104.66
Current: 68.85

During the past 13 years, China Meheco Group Co's highest Days Inventory was 104.66. The lowest was 65.23. And the median was 72.57.

SHSE:600056's Days Inventory is ranked worse than
58.51% of 94 companies
in the Medical Distribution industry
Industry Median: 62.15 vs SHSE:600056: 68.85

China Meheco Group Co's Days Inventory increased from Sep. 2022 (65.18) to Sep. 2023 (88.60). It might indicate that China Meheco Group Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Meheco Group Co's Inventory Turnover for the three months ended in Sep. 2023 was 1.03.

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. China Meheco Group Co's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.86.

China Meheco Group Co Days Inventory Historical Data

The historical data trend for China Meheco Group Co'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.

China Meheco Group Co Days Inventory Chart

China Meheco Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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72.88

70.98

72.26

73.58

65.23

China Meheco Group Co 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															65.18	58.81	55.35	85.44	88.60

Competitive Comparison of China Meheco Group Co's Days Inventory

For the Medical Distribution subindustry, China Meheco Group Co'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.

China Meheco Group Co's Days Inventory Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, China Meheco Group Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Meheco Group Co's Days Inventory falls into.

China Meheco Group Co Days Inventory Calculation

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

China Meheco Group Co'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
=	( (5656.741	+	6083.412)	/	2 )	/	32845.786	*	365
=	5870.0765					/	32845.786	*	365
=	65.23

China Meheco Group Co'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
=	( (7216.543	+	6910.981)	/	2 )	/	7274.784	*	365 / 4
=	7063.762					/	7274.784	*	365 / 4
=	88.60

China Meheco Group Co (SHSE:600056) 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.

China Meheco Group Co's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7274.784	/	7063.762
	=	1.03

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.

China Meheco Group Co's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7063.762	/	8171.796
	=	0.86

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.

China Meheco Group Co Days Inventory Related Terms

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

China Meheco Group Co (SHSE:600056) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » China Meheco Group Co Ltd (SHSE:600056) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Guangming Zhongjie, Dongcheng District, Beijing, CHN, 100061

Website

http://www.meheco.com

China Meheco Group Co Ltd is engaged in the distribution and trading of botanical medicines, medical instruments, and pharmaceuticals. It offers botanic medicines and herbal products, as well as exports of natural medicines, including herbs, spices, plant extracts, bee products, Chinese traditional medicines. The company's business scope covers the whole industry chain, from research and development, cultivation and processing, manufacturing, distribution, logistics to international trading, academic promotion and technical service. The corporation provides trading services for customers in the pharmaceutical and chemical field, covering APIs, preparations, biologicals, blood products and others.

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