WELL Health Technologies (TSX:WELL) Days Inventory

: 0.88 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). WELL Health Technologies's Average Total Inventories for the three months ended in Dec. 2023 was C$1.3 Mil. WELL Health Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was C$130.2 Mil. Hence, WELL Health Technologies's Days Inventory for the three months ended in Dec. 2023 was 0.88.

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

TSX:WELL' s Days Inventory Range Over the Past 10 Years
Min: 1.15 Med: 2.53 Max: 215.61
Current: 1.17

During the past 13 years, WELL Health Technologies's highest Days Inventory was 215.61. The lowest was 1.15. And the median was 2.53.

TSX:WELL's Days Inventory is ranked better than
95.96% of 470 companies
in the Healthcare Providers & Services industry
Industry Median: 32.305 vs TSX:WELL: 1.17

WELL Health Technologies's Days Inventory declined from Dec. 2022 (1.66) to Dec. 2023 (0.88).

Inventory Turnover measures how fast the company turns over its inventory within a year. WELL Health Technologies's Inventory Turnover for the three months ended in Dec. 2023 was 103.18.

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. WELL Health Technologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.01.

WELL Health Technologies Days Inventory Historical Data

The historical data trend for WELL 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.

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WELL Health Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

1.34

8.48

2.53

1.48

1.15

WELL Health Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																1.66	1.52	1.47	1.05	0.88

Competitive Comparison

For the Medical Care Facilities subindustry, WELL 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.

WELL Health Technologies Days Inventory Distribution

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

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

WELL Health Technologies Days Inventory Calculation

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

WELL Health Technologies'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
=	( (1.37	+	1.18)	/	2 )	/	403.787	*	365
=	1.275					/	403.787	*	365
=	1.15

WELL Health Technologies'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
=	( (1.344	+	1.18)	/	2 )	/	130.207	*	365 / 4
=	1.262					/	130.207	*	365 / 4
=	0.88

WELL Health Technologies (TSX:WELL) 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.

WELL Health Technologies's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	130.207	/	1.262
	=	103.18

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.

WELL Health Technologies's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.262	/	231.246
	=	0.01

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.

WELL Health Technologies Days Inventory Related Terms

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

WELL Health Technologies (TSX:WELL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » WELL Health Technologies Corp (TSX:WELL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

WHTCF:USA W7V:Germany

Address

375 Water Street, Suite 550, Vancouver, BC, CAN, V6B 5C6

Website

https://www.well.company

WELL Health Technologies Corp is the owner and operator of a portfolio of Primary Hclinics delivering healthcare-related services It operates through below segments: clinical operations and allied health, Electronic medical record (EMR), Billing and revenue cycle management solutions, Digital apps, Cybersecurity, CRH, MyHealth, and corporate/shared services. Its segments are grouped into three divisions; Omni-channel Patient Services - Primary includes clinical operations and allied health. Omni-channel Patient Services - Specialized comprises CRH and MyHealth under two segments. Virtual Services include EMR, billing and revenue cycle management solutions, digital apps, and cybersecurity.