Acotec Scientific Holdings (FRA:7W3) Days Inventory : 540.09 (As of Dec. 2023)

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What is Acotec Scientific Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Acotec Scientific Holdings's Average Total Inventories for the six months ended in Dec. 2023 was €18.43 Mil. Acotec Scientific Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was €6.23 Mil. Hence, Acotec Scientific Holdings's Days Inventory for the six months ended in Dec. 2023 was 540.09.

The historical rank and industry rank for Acotec Scientific Holdings's Days Inventory or its related term are showing as below:

FRA:7W3' s Days Inventory Range Over the Past 10 Years
Min: 333.36 Med: 499.47 Max: 631.61
Current: 402.84

During the past 5 years, Acotec Scientific Holdings's highest Days Inventory was 631.61. The lowest was 333.36. And the median was 499.47.

FRA:7W3's Days Inventory is ranked worse than
82.85% of 787 companies
in the Medical Devices & Instruments industry
Industry Median: 195.53 vs FRA:7W3: 402.84

Acotec Scientific Holdings's Days Inventory declined from Dec. 2022 (598.51) to Dec. 2023 (540.09).

Inventory Turnover measures how fast the company turns over its inventory within a year. Acotec Scientific Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 0.34.

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. Acotec Scientific Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.62.

Acotec Scientific Holdings Days Inventory Historical Data

The historical data trend for Acotec Scientific Holdings'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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Acotec Scientific Holdings Days Inventory Chart

Acotec Scientific Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

631.67

375.05

324.66

490.46

518.04

Acotec Scientific Holdings Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial					326.45	598.51	490.81	540.09	367.79

Competitive Comparison of Acotec Scientific Holdings's Days Inventory

For the Medical Devices subindustry, Acotec Scientific Holdings'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.

Acotec Scientific Holdings's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Acotec Scientific Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Acotec Scientific Holdings's Days Inventory falls into.

Acotec Scientific Holdings Days Inventory Calculation

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

Acotec Scientific Holdings'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
=	( (15.766	+	19.387)	/	2 )	/	12.384	*	365
=	17.5765					/	12.384	*	365
=	518.04

Acotec Scientific Holdings'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (17.469	+	19.387)	/	2 )	/	6.227	*	365 / 2
=	18.428					/	6.227	*	365 / 2
=	540.09

Acotec Scientific Holdings (FRA:7W3) 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.

Acotec Scientific Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.227	/	18.428
	=	0.34

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.

Acotec Scientific Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18.428	/	29.639
	=	0.62

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.

Acotec Scientific Holdings Days Inventory Related Terms

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

Acotec Scientific Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Acotec Scientific Holdings Ltd (FRA:7W3) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

06669:Hong Kong 7W3:Germany

Address

16 North Hongda Road, 4-5th Floor, Building No. 1, Beijing Economic-Technological Development Area, Beijing, CHN

Website

http://www.acotec.cn

Acotec Scientific Holdings Ltd is a medical device company. The company is focused on providing leave nothing behind treatment solutions for vascular diseases. It has developed a suite of interventional medical devices featuring world- leading technologies, notably in the fields of drug-coated balloons and thrombus aspiration catheters. The company's commercialized product is Semi-compliant PTCA Balloon (YAN) is a product designed for dilation in coronary artery or coronary artery bypass vessels stenosis to improve myocardial perfusion. Geographically, the company operates from Mainland China, Europe and Other countries and regions. Majority of revenue is generated from Mainland China.

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