MicroTech Medical (Hangzhou) Co (HKSE:02235) Days Inventory : 140.33 (As of Jun. 2024)

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What is MicroTech Medical (Hangzhou) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MicroTech Medical (Hangzhou) Co's Average Total Inventories for the six months ended in Jun. 2024 was HK$55.5 Mil. MicroTech Medical (Hangzhou) Co's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$72.1 Mil. Hence, MicroTech Medical (Hangzhou) Co's Days Inventory for the six months ended in Jun. 2024 was 140.33.

The historical rank and industry rank for MicroTech Medical (Hangzhou) Co's Days Inventory or its related term are showing as below:

HKSE:02235' s Days Inventory Range Over the Past 10 Years
Min: 113.49 Med: 125.01 Max: 209.91
Current: 115.26

During the past 6 years, MicroTech Medical (Hangzhou) Co's highest Days Inventory was 209.91. The lowest was 113.49. And the median was 125.01.

HKSE:02235's Days Inventory is ranked better than
75.86% of 787 companies
in the Medical Devices & Instruments industry
Industry Median: 185.27 vs HKSE:02235: 115.26

MicroTech Medical (Hangzhou) Co's Days Inventory declined from Jun. 2023 (208.29) to Jun. 2024 (140.33).

Inventory Turnover measures how fast the company turns over its inventory within a year. MicroTech Medical (Hangzhou) Co's Inventory Turnover for the six months ended in Jun. 2024 was 1.30.

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. MicroTech Medical (Hangzhou) Co's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.34.

MicroTech Medical (Hangzhou) Co Days Inventory Historical Data

The historical data trend for MicroTech Medical (Hangzhou) Co'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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MicroTech Medical (Hangzhou) Co Days Inventory Chart

MicroTech Medical (Hangzhou) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

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125.01

117.86

209.91

161.70

105.34

MicroTech Medical (Hangzhou) Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Inventory	Get a 7-Day Free Trial					234.75	208.29	120.27	140.33	106.34

Competitive Comparison of MicroTech Medical (Hangzhou) Co's Days Inventory

For the Medical Devices subindustry, MicroTech Medical (Hangzhou) Co'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.

MicroTech Medical (Hangzhou) Co's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MicroTech Medical (Hangzhou) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where MicroTech Medical (Hangzhou) Co's Days Inventory falls into.

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MicroTech Medical (Hangzhou) Co Days Inventory Calculation

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

MicroTech Medical (Hangzhou) Co'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
=	( (75.194	+	46.064)	/	2 )	/	136.859	*	365
=	60.629					/	136.859	*	365
=	161.70

MicroTech Medical (Hangzhou) Co's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (46.064	+	64.885)	/	2 )	/	72.146	*	365 / 2
=	55.4745					/	72.146	*	365 / 2
=	140.33

MicroTech Medical (Hangzhou) Co (HKSE:02235) 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.

MicroTech Medical (Hangzhou) Co's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	72.146	/	55.4745
	=	1.30

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.

MicroTech Medical (Hangzhou) Co's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	55.4745	/	162.36
	=	0.34

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.

MicroTech Medical (Hangzhou) Co Days Inventory Related Terms

Thank you for viewing the detailed overview of MicroTech Medical (Hangzhou) Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

MicroTech Medical (Hangzhou) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MicroTech Medical (Hangzhou) Co Ltd (HKSE:02235) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 108 Liuze Street, Cangqian Street, Yuhang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.microtechmd.com

MicroTech Medical (Hangzhou) Co Ltd is engaged in the research and development and manufacturing and commercialization of diabetes management, providing both diabetes treatment and diabetes monitoring medical devices to improve diabetes management in China and the rest of the world. The company derives a majority of its revenue from China.

Executives

Orbimed Asia Partners V, L.p.	2101 Beneficial owner
Orbimed Asia Gp V, L.p.	2201 Interest of corporation controlled by you
Orbimed Advisors V Limited	2201 Interest of corporation controlled by you
Lilly Asia Ventures Fund Ii, L.p.	2201 Interest of corporation controlled by you
Qm32 Limited	2101 Beneficial owner
Qiming Venture Partners V, L.p.	2201 Interest of corporation controlled by you
Qiming Gp V, L.p.	2201 Interest of corporation controlled by you
Qiming Corporate Gp V, Ltd.	2201 Interest of corporation controlled by you
Lilly Asia Ventures Fund Gp, L.p.	2201 Interest of corporation controlled by you
Lav Evergreen (hong Kong) Co., Limited	2101 Beneficial owner
Lav Corporate Gp, Ltd.	2201 Interest of corporation controlled by you
Zheng Pan
Cd Capital Gp Ltd	2201 Interest of corporation controlled by you
Master Summer Limited	2201 Interest of corporation controlled by you
Cdbi Partners Gp, Ltd	2201 Interest of corporation controlled by you

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