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The historical rank and industry rank for New Horizon Health's Days Inventory or its related term are showing as below:
FRA:6YZ's Days Inventory is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 179.6 * Ranked among companies with meaningful Days Inventory only.
New Horizon Health's Days Inventory
declined
from Jun. 2022 (291.36) to Jun. 2023 (175.60).
Inventory Turnover measures how fast the company turns over its inventory within a year.
New Horizon Health's Inventory Turnover for the
six
months ended in Jun. 2023 was 1.04.
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.
New Horizon Health's Inventory-to-Revenue for the
six
months ended in Jun. 2023 was 0.09.
New Horizon Health (FRA:6YZ) 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.
New Horizon Health's Inventory Turnover for the
six
months ended in Jun. 2023 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.
New Horizon Health's Inventory to Revenue for the
six
months ended in Jun. 2023 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.
New Horizon Health Days Inventory Related Terms
New Horizon Health Days Inventory Historical Data
* Premium members only.
The historical data trend for New Horizon Health'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.
FRA:6YZ vs ABT, SYK, MDT: Days Inventory Comparison
For the Medical Devices subindustry, New Horizon Health'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.
New Horizon Health Days Inventory vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, New Horizon Health's Days Inventory distribution charts can be found below:
* The bar in red indicates where New Horizon Health's Days Inventory falls into.
* 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.
New Horizon Health (FRA:6YZ) has a Days Inventory of 175.60 as of Jun. 2023. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on New Horizon Health and its competitors.
Is New Horizon Health's Days Inventory too high?
New Horizon Health's current Days Inventory is 175.60. The Medical Devices & Instruments industry median Days Inventory is 179.60. New Horizon Health's value of 175.60 is 2.2% below this industry median. Overall, New Horizon Health has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does New Horizon Health's Days Inventory compare to ABT and SYK?
New Horizon Health's Days Inventory of 175.60 can be compared against companies in the Medical Devices & Instruments industry. The industry median Days Inventory is 179.60. New Horizon Health's value of 175.60 is 2.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Medical Devices & Instruments company?
The median Days Inventory among Medical Devices & Instruments companies is 179.60, based on 786 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. New Horizon Health's current Days Inventory of 175.60 is 2.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on New Horizon Health and its competitors. For the Medical Devices & Instruments industry, the median Days Inventory is 179.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Horizon Health's current Days Inventory is 175.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Horizon Health stock overvalued right now?
New Horizon Health (FRA:6YZ) has a current Days Inventory of 175.60. The current Days Inventory is 175.60 and 2.2% below the Medical Devices & Instruments industry median of 179.60. New Horizon Health's overall GF Score™ is 35/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For New Horizon Health (FRA:6YZ), the current Days Inventory is 175.60 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
New Horizon Health Ltd is engaged in early cancer screening and in-home testing in China. The company has an early detection and cancer screening-focused pipeline of five products and product candidates with an emphasis on colorectal cancer screening. The company focuses on cancer prevention and cure through screening and early detection. It generates maximum revenue from ColoClear and Pupu Tube products.
35GF Score
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