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CYH (Community Health Systems) Days Inventory : 16.17 (As of Sep. 2024)


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What is Community Health Systems Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Community Health Systems's Average Total Inventories for the three months ended in Sep. 2024 was $324 Mil. Community Health Systems's Cost of Goods Sold for the three months ended in Sep. 2024 was $1,828 Mil. Hence, Community Health Systems's Days Inventory for the three months ended in Sep. 2024 was 16.17.

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

CYH' s Days Inventory Range Over the Past 10 Years
Min: 14.75   Med: 17.05   Max: 17.69
Current: 16.16

During the past 13 years, Community Health Systems's highest Days Inventory was 17.69. The lowest was 14.75. And the median was 17.05.

CYH's Days Inventory is ranked better than
70.11% of 475 companies
in the Healthcare Providers & Services industry
Industry Median: 30.34 vs CYH: 16.16

Community Health Systems's Days Inventory declined from Sep. 2023 (16.43) to Sep. 2024 (16.17).

Inventory Turnover measures how fast the company turns over its inventory within a year. Community Health Systems's Inventory Turnover for the three months ended in Sep. 2024 was 5.64.

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. Community Health Systems's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.10.


Community Health Systems Days Inventory Historical Data

The historical data trend for Community Health Systems'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.

Community Health Systems Days Inventory Chart

Community Health Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.04 17.05 17.29 17.69 16.78

Community Health Systems Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.43 15.94 16.16 16.77 16.17

Competitive Comparison of Community Health Systems's Days Inventory

For the Medical Care Facilities subindustry, Community Health Systems'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.


Community Health Systems's Days Inventory Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Community Health Systems's Days Inventory falls into.



Community Health Systems Days Inventory Calculation

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

Community Health Systems'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
=( (353 + 328) / 2 ) / 7408*365
=340.5 / 7408*365
=16.78

Community Health Systems's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

Days Inventory (Q: Sep. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (337 + 311) / 2 ) / 1828*365 / 4
=324 / 1828*365 / 4
=16.17

* 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.


Community Health Systems  (NYSE:CYH) 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.

Community Health Systems's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

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.

Community Health Systems's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

* 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.


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.


Community Health Systems Days Inventory Related Terms

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


Community Health Systems Business Description

Traded in Other Exchanges
Address
4000 Meridian Boulevard, Franklin, TN, USA, 37067
Community Health Systems Inc is a publicly owned hospital operator in the United States. The company also owns four home health agencies and provides management and consulting services to independent hospitals. The firm derives revenue through a broad range of general and specialized hospital healthcare services and outpatient services.
Executives
Wayne T Smith director, officer: Executive Officer and Director 500 WEST MAIN STREET, LOUISVILLE KY 40202
Charles J Cova officer: Regional President 4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Burgess Ronald L Jr director 4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Ely James S. Iii director 4000 MERIDIAN BLVD, FRANKLIN TN 37067
Susan W Brooks director 200 EAST JACKSON ST, MUNCIE IN 47305
Justin D Pitt officer: EVP and General Counsel 4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Joseph Arthur Hastings director 1573 MALLORY LANE, SUITE 100, BRENTWOOD TN 37027
John A Fry director C/O DELAWARE INVESTMENTS, 2005 MARKET ST. 34TH FL., PHILADELPHIA PA 19103
William Norris Jennings director 509 ALTA GATE ROAD, LOUISVILLE KY 40206
Chad A Campbell officer: Regional President 4000 MERIDIAN BLVD, FRANKLIN TN 37067
David E Nicely officer: Regional President 4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Kevin A Stockton officer: Regional President 4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Mark B Medley officer: Regional President 4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Austen D Mason officer: Regional President 4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
Tian Qiao Chen 10 percent owner 2735 SAND HILL ROAD, #140, MENLO PARK CA 94025