Shenzhen Glory Medical Co (SZSE:002551) Days Inventory : 142.74 (As of Dec. 2023)

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What is Shenzhen Glory Medical Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shenzhen Glory Medical Co's Average Total Inventories for the three months ended in Dec. 2023 was ¥391 Mil. Shenzhen Glory Medical Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥250 Mil. Hence, Shenzhen Glory Medical Co's Days Inventory for the three months ended in Dec. 2023 was 142.74.

The historical rank and industry rank for Shenzhen Glory Medical Co's Days Inventory or its related term are showing as below:

SZSE:002551' s Days Inventory Range Over the Past 10 Years
Min: 57.71 Med: 89.64 Max: 146.38
Current: 146.38

During the past 13 years, Shenzhen Glory Medical Co's highest Days Inventory was 146.38. The lowest was 57.71. And the median was 89.64.

SZSE:002551's Days Inventory is ranked worse than
88.3% of 94 companies
in the Medical Distribution industry
Industry Median: 62.15 vs SZSE:002551: 146.38

Shenzhen Glory Medical Co's Days Inventory increased from Dec. 2022 (124.89) to Dec. 2023 (142.74). It might indicate that Shenzhen Glory Medical Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shenzhen Glory Medical Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.64.

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. Shenzhen Glory Medical Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.43.

Shenzhen Glory Medical Co Days Inventory Historical Data

The historical data trend for Shenzhen Glory Medical 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.

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Shenzhen Glory Medical Co Days Inventory Chart

Shenzhen Glory Medical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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62.02

57.71

87.85

134.72

144.55

Shenzhen Glory Medical Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															124.89	146.53	155.93	142.97	142.74

Competitive Comparison of Shenzhen Glory Medical Co's Days Inventory

For the Medical Distribution subindustry, Shenzhen Glory Medical 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.

Shenzhen Glory Medical Co's Days Inventory Distribution in the Medical Distribution Industry

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

* The bar in red indicates where Shenzhen Glory Medical Co's Days Inventory falls into.

Shenzhen Glory Medical Co Days Inventory Calculation

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

Shenzhen Glory Medical Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (416.782	+	371.548)	/	2 )	/	995.283	*	365
=	394.165					/	995.283	*	365
=	144.55

Shenzhen Glory Medical Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (410.679	+	371.548)	/	2 )	/	250.035	*	365 / 4
=	391.1135					/	250.035	*	365 / 4
=	142.74

Shenzhen Glory Medical Co (SZSE:002551) 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.

Shenzhen Glory Medical Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	250.035	/	391.1135
	=	0.64

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.

Shenzhen Glory Medical Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	391.1135	/	274.089
	=	1.43

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.

Shenzhen Glory Medical Co Days Inventory Related Terms

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

Shenzhen Glory Medical Co (SZSE:002551) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Shenzhen Glory Medical Co Ltd (SZSE:002551) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Glory Science and Tech Industrial Park, Baolong Avenue, Longgang District, Shenzhen, Guangdong, CHN, 518116

Website

http://www.glory-medical.com.cn

Shenzhen Glory Medical Co Ltd is engaged in providing hospital building integrated solutions in China. It is involved in the hospital construction system analysis and planning, and medical engineering activities. It also sells medical equipment and medical consumables. The company provides hospital management professional medical logistic, smart medical, and park development services.

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