Hangzhou Tigermed Consulting Co (HKSE:03347) Days Inventory : 1.87 (As of Sep. 2024)

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What is Hangzhou Tigermed Consulting Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hangzhou Tigermed Consulting Co's Average Total Inventories for the three months ended in Sep. 2024 was HK$24 Mil. Hangzhou Tigermed Consulting Co's Cost of Goods Sold for the three months ended in Sep. 2024 was HK$1,180 Mil. Hence, Hangzhou Tigermed Consulting Co's Days Inventory for the three months ended in Sep. 2024 was 1.87.

The historical rank and industry rank for Hangzhou Tigermed Consulting Co's Days Inventory or its related term are showing as below:

HKSE:03347' s Days Inventory Range Over the Past 10 Years
Min: 0.01 Med: 0.31 Max: 2.03
Current: 2.03

During the past 13 years, Hangzhou Tigermed Consulting Co's highest Days Inventory was 2.03. The lowest was 0.01. And the median was 0.31.

HKSE:03347's Days Inventory is ranked better than
97.3% of 185 companies
in the Medical Diagnostics & Research industry
Industry Median: 65.79 vs HKSE:03347: 2.03

Hangzhou Tigermed Consulting Co's Days Inventory declined from Sep. 2023 (2.17) to Sep. 2024 (1.87).

Inventory Turnover measures how fast the company turns over its inventory within a year. Hangzhou Tigermed Consulting Co's Inventory Turnover for the three months ended in Sep. 2024 was 48.91.

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. Hangzhou Tigermed Consulting Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.01.

Hangzhou Tigermed Consulting Co Days Inventory Historical Data

The historical data trend for Hangzhou Tigermed Consulting 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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Hangzhou Tigermed Consulting Co Days Inventory Chart

Hangzhou Tigermed Consulting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.21

0.64

0.66

1.23

1.85

Hangzhou Tigermed Consulting Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															2.17	1.96	2.09	2.11	1.87

Competitive Comparison of Hangzhou Tigermed Consulting Co's Days Inventory

For the Diagnostics & Research subindustry, Hangzhou Tigermed Consulting 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.

Hangzhou Tigermed Consulting Co's Days Inventory Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Hangzhou Tigermed Consulting Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hangzhou Tigermed Consulting Co's Days Inventory falls into.

Hangzhou Tigermed Consulting Co Days Inventory Calculation

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

Hangzhou Tigermed Consulting 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
=	( (24.796	+	25.592)	/	2 )	/	4960.845	*	365
=	25.194					/	4960.845	*	365
=	1.85

Hangzhou Tigermed Consulting Co's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (23.831	+	24.439)	/	2 )	/	1180.472	*	365 / 4
=	24.135					/	1180.472	*	365 / 4
=	1.87

Hangzhou Tigermed Consulting Co (HKSE:03347) 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.

Hangzhou Tigermed Consulting Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1180.472	/	24.135
	=	48.91

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.

Hangzhou Tigermed Consulting Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	24.135	/	1882.096
	=	0.01

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.

Hangzhou Tigermed Consulting Co Days Inventory Related Terms

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

Hangzhou Tigermed Consulting Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Hangzhou Tigermed Consulting Co Ltd (HKSE:03347) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

HNGZY:USA 300347:China

Address

Block 8, No. 19 Jugong Road, Room 2001-2010, 20th Floor, Xixing Sub-District, Binjiang District, Hangzhou, CHN, 310053

Website

https://www.tigermed.net

Hangzhou Tigermed Consulting Co Ltd is a China-based Contract Research Organization. The company's segment includes Clinical trial solutions and Clinical-related and laboratory services. It generates maximum revenue from the Clinical trial solutions segment. The company's offered services include bioanalytical, medical writing, biostatistics analysis, and medical imaging. The therapeutic areas of the company include Infections, Hematology, Cardiovascular, Endocrinology, Rheumatology, Nephrology, and Central Nervous System (CNS) among others.

Executives

Yi Fang Da Ji Jin Guan Li You Xian Gong Si	2102 Investment manager
Sands Capital Management, Llc	2101 Beneficial owner
Sands Capital Management, Lp	2201 Interest of corporation controlled by you
Sands Family Trust, Llc	2201 Interest of corporation controlled by you
Sands Frank Melville Jr.	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
F-j Sands Family I, Llc	2201 Interest of corporation controlled by you
2017 Eagle Holdings Llc	2201 Interest of corporation controlled by you
Citigroup Inc.	2201 Interest of corporation controlled by you
Ubs Group Ag	2201 Interest of corporation controlled by you
Blackrock, Inc.	2201 Interest of corporation controlled by you
Brown Brothers Harriman & Co.	2502 Approved lending agent
Ninety One Plc/ Ninety One Ltd	2102 Investment manager
Ninety One Uk Limited	2102 Investment manager
Baillie Gifford & Co	2102 Investment manager

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