Sipai Health Technology Co (HKSE:00314) Change In Inventory : HK$39 Mil (TTM As of Dec. 2023)

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What is Sipai Health Technology Co Change In Inventory?

Sipai Health Technology Co's change in inventory for the quarter that ended in Dec. 2023 was HK$51 Mil. It means Sipai Health Technology Co's inventory declined by HK$51 Mil from Jun. 2023 to Dec. 2023 .

Sipai Health Technology Co's change in inventory for the fiscal year that ended in Dec. 2023 was HK$39 Mil. It means Sipai Health Technology Co's inventory declined by HK$39 Mil from Dec. 2022 to Dec. 2023 .

Sipai Health Technology Co's Total Inventories for the quarter that ended in Dec. 2023 was HK$269 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sipai Health Technology Co's Days Inventory for the quarter that ended in Dec. 2023 was 23.69.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sipai Health Technology Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.70.

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. Sipai Health Technology Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

Sipai Health Technology Co Change In Inventory Historical Data

The historical data trend for Sipai Health Technology Co's Change In 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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Sipai Health Technology Co Change In Inventory Chart

Sipai Health Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Change In Inventory

19.14

-16.39

39.29

Sipai Health Technology Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	-	-14.96	-2.15	-12.20	51.49

Sipai Health Technology Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$39 Mil.

Sipai Health Technology Co (HKSE:00314) Change In Inventory Explanation

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

Sipai Health Technology Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	295	/	2272.372	*	365 / 2
	=	23.69

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Sipai Health Technology Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2272.372	/	295
	=	7.70

3. 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.

Sipai Health Technology Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	295	/	2487.418
	=	0.12

Sipai Health Technology Co Change In Inventory Related Terms

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Sipai Health Technology Co (HKSE:00314) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Sipai Health Technology Co Ltd (HKSE:00314) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

AX1:Germany

Address

No. 1888, Caoyang Road, 7/F, Building 3, Xingguangyao Plaza, Putuo District, Shanghai, CHN

Website

https://www.medbankshealthtech.com

Sipai Health Technology Co Ltd is a medical technology and health management company in China. It has three reportable operating segments: Specialty Pharmacy Business - operation and distribution of specialty pharmacy stores and pharmaceutical products; Physician Research Assistance Business - offering pharmaceutical companies and other clinical trial institutions site management organization services; Health Insurance Services Business - rendering insurance brokerage services to insurance companies. The company generates key revenue from Specialty Pharmacy Business. Almost all of the company's revenues were derived from operations in the PRC.

Executives

Chang Jimmy Ching-hsin	2201 Interest of corporation controlled by you
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Leung Catherine Ho Yan	2202 Interest of your spouse
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Ma Xuguang	2501 Other
Li Ji	2501 Other
Wise Approach Investments Limited	2101 Beneficial owner
Ark Trust (hong Kong) Limited	2301 Trustee
Jpmorgan Chase & Co.	2502 Approved lending agent
Lucky Seven Healthcare Co., Ltd.	2101 Beneficial owner
Simul International Holdings Limited	2201 Interest of corporation controlled by you
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Sipai Health Technology Co (HKSE:00314) Headlines

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