Guanze Medical Information Industry (Holding) Co (HKSE:02427) Days Inventory : 54.01 (As of Dec. 2023)

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What is Guanze Medical Information Industry (Holding) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Guanze Medical Information Industry (Holding) Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$12.8 Mil. Guanze Medical Information Industry (Holding) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$43.2 Mil. Hence, Guanze Medical Information Industry (Holding) Co's Days Inventory for the six months ended in Dec. 2023 was 54.01.

The historical rank and industry rank for Guanze Medical Information Industry (Holding) Co's Days Inventory or its related term are showing as below:

HKSE:02427' s Days Inventory Range Over the Past 10 Years
Min: 45.18 Med: 68.74 Max: 132.34
Current: 67.32

During the past 5 years, Guanze Medical Information Industry (Holding) Co's highest Days Inventory was 132.34. The lowest was 45.18. And the median was 68.74.

HKSE:02427's Days Inventory is ranked better than
52.41% of 187 companies
in the Medical Diagnostics & Research industry
Industry Median: 72.3 vs HKSE:02427: 67.32

Guanze Medical Information Industry (Holding) Co's Days Inventory increased from Dec. 2022 (46.69) to Dec. 2023 (54.01). It might indicate that Guanze Medical Information Industry (Holding) Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Guanze Medical Information Industry (Holding) Co's Inventory Turnover for the six months ended in Dec. 2023 was 3.38.

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. Guanze Medical Information Industry (Holding) Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.14.

Guanze Medical Information Industry (Holding) Co Days Inventory Historical Data

The historical data trend for Guanze Medical Information Industry (Holding) 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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Guanze Medical Information Industry (Holding) Co Days Inventory Chart

Guanze Medical Information Industry (Holding) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

132.34

79.86

45.18

55.41

68.74

Guanze Medical Information Industry (Holding) Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			35.28	25.61	46.69	82.54	54.01

Competitive Comparison of Guanze Medical Information Industry (Holding) Co's Days Inventory

For the Diagnostics & Research subindustry, Guanze Medical Information Industry (Holding) 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.

Guanze Medical Information Industry (Holding) Co's Days Inventory Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Guanze Medical Information Industry (Holding) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Guanze Medical Information Industry (Holding) Co's Days Inventory falls into.

Guanze Medical Information Industry (Holding) Co Days Inventory Calculation

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

Guanze Medical Information Industry (Holding) 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
=	( (17.203	+	11.912)	/	2 )	/	77.294	*	365
=	14.5575					/	77.294	*	365
=	68.74

Guanze Medical Information Industry (Holding) Co'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
=	( (13.651	+	11.912)	/	2 )	/	43.186	*	365 / 2
=	12.7815					/	43.186	*	365 / 2
=	54.01

Guanze Medical Information Industry (Holding) Co (HKSE:02427) 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.

Guanze Medical Information Industry (Holding) Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	43.186	/	12.7815
	=	3.38

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.

Guanze Medical Information Industry (Holding) Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.7815	/	89.317
	=	0.14

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.

Guanze Medical Information Industry (Holding) Co Days Inventory Related Terms

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

Guanze Medical Information Industry (Holding) Co (HKSE:02427) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Guanze Medical Information Industry (Holding) Co Ltd (HKSE:02427) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2966 Chunhui Road, Room 501-A, Block 10 Strategic Emerging Industry Base, High-tech Zone, Shandong Province, Jinan, CHN

Website

https://www.guanzegroup.com

Guanze Medical Information Industry (Holding) Co Ltd is a medical imaging solutions provider, principally engaged in providing medical imaging film products and medical imaging cloud services in Shandong Province.

Executives

Meng A Capital Limited	2101 Beneficial owner
Meng Xianzhen	2201 Interest of corporation controlled by you
Yang Duanling	2202 Interest of your spouse

Guanze Medical Information Industry (Holding) Co (HKSE:02427) Headlines

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