CloudMD Software & Services (CloudMD Software & Services) Days Inventory : 0.13 (As of Dec. 2023)

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What is CloudMD Software & Services Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CloudMD Software & Services's Average Total Inventories for the three months ended in Dec. 2023 was $0.01 Mil. CloudMD Software & Services's Cost of Goods Sold for the three months ended in Dec. 2023 was $8.85 Mil. Hence, CloudMD Software & Services's Days Inventory for the three months ended in Dec. 2023 was 0.13.

The historical rank and industry rank for CloudMD Software & Services's Days Inventory or its related term are showing as below:

DOCRF' s Days Inventory Range Over the Past 10 Years
Min: 2.15 Med: 17.46 Max: 74.55
Current: 2.15

During the past 9 years, CloudMD Software & Services's highest Days Inventory was 74.55. The lowest was 2.15. And the median was 17.46.

DOCRF's Days Inventory is ranked better than
94.42% of 466 companies
in the Healthcare Providers & Services industry
Industry Median: 31.42 vs DOCRF: 2.15

CloudMD Software & Services's Days Inventory declined from Dec. 2022 (7.96) to Dec. 2023 (0.13).

Inventory Turnover measures how fast the company turns over its inventory within a year. CloudMD Software & Services's Inventory Turnover for the three months ended in Dec. 2023 was 680.54.

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. CloudMD Software & Services's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

CloudMD Software & Services Days Inventory Historical Data

The historical data trend for CloudMD Software & Services'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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CloudMD Software & Services Days Inventory Chart

CloudMD Software & Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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74.60

28.97

17.46

13.02

3.22

CloudMD Software & Services 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															7.96	4.55	2.15	0.11	0.13

Competitive Comparison of CloudMD Software & Services's Days Inventory

For the Health Information Services subindustry, CloudMD Software & Services'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.

CloudMD Software & Services's Days Inventory Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where CloudMD Software & Services's Days Inventory falls into.

CloudMD Software & Services Days Inventory Calculation

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

CloudMD Software & Services'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
=	( (0.721	+	0.013)	/	2 )	/	41.579	*	365
=	0.367					/	41.579	*	365
=	3.22

CloudMD Software & Services'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
=	( (0.013	+	0.013)	/	2 )	/	8.847	*	365 / 4
=	0.013					/	8.847	*	365 / 4
=	0.13

CloudMD Software & Services (OTCPK:DOCRF) 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.

CloudMD Software & Services's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.847	/	0.013
	=	680.54

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.

CloudMD Software & Services's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.013	/	15.807
	=	0.00

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.

CloudMD Software & Services Days Inventory Related Terms

Thank you for viewing the detailed overview of CloudMD Software & Services's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

CloudMD Software & Services (CloudMD Software & Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CloudMD Software & Services Inc (OTCPK:DOCRF) » Definitions » Days Inventory

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Traded in Other Exchanges

6PH:Germany DOC:Canada

Address

885 West Georgia Street, 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.cloudmd.ca

CloudMD Software & Services Inc is digitizing the delivery of healthcare by providing patients access to all points of their care from their phone, tablet or desktop computer. The company offers SAAS-based health technology solutions to medical clinics across Canada and has developed proprietary technology that delivers quality healthcare through the combination of connected primary care clinics, telemedicine, and artificial intelligence (AI). It has two segments Digital Health Solutions and Enterprise Health Solutions.