Shanghai HeartCare Medical Technology (HKSE:06609) Days Inventory : 720.66 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Shanghai HeartCare Medical Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shanghai HeartCare Medical Technology's Average Total Inventories for the six months ended in Dec. 2023 was HK$167.2 Mil. Shanghai HeartCare Medical Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$42.3 Mil. Hence, Shanghai HeartCare Medical Technology's Days Inventory for the six months ended in Dec. 2023 was 720.66.

The historical rank and industry rank for Shanghai HeartCare Medical Technology's Days Inventory or its related term are showing as below:

HKSE:06609' s Days Inventory Range Over the Past 10 Years
Min: 210.29 Med: 368.49 Max: 781.79
Current: 781.79

During the past 5 years, Shanghai HeartCare Medical Technology's highest Days Inventory was 781.79. The lowest was 210.29. And the median was 368.49.

HKSE:06609's Days Inventory is ranked worse than
93.71% of 779 companies
in the Medical Devices & Instruments industry
Industry Median: 192.49 vs HKSE:06609: 781.79

Shanghai HeartCare Medical Technology's Days Inventory increased from Dec. 2022 (561.15) to Dec. 2023 (720.66). It might indicate that Shanghai HeartCare Medical Technology's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanghai HeartCare Medical Technology's Inventory Turnover for the six months ended in Dec. 2023 was 0.25.

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. Shanghai HeartCare Medical Technology's Inventory-to-Revenue for the six months ended in Dec. 2023 was 1.25.

Shanghai HeartCare Medical Technology Days Inventory Historical Data

The historical data trend for Shanghai HeartCare Medical Technology'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.

* Premium members only.

Shanghai HeartCare Medical Technology Days Inventory Chart

Shanghai HeartCare Medical Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

216.57

210.29

520.41

747.64

Shanghai HeartCare Medical Technology Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial				165.43	353.43	561.15	900.24	720.66

Competitive Comparison of Shanghai HeartCare Medical Technology's Days Inventory

For the Medical Devices subindustry, Shanghai HeartCare Medical Technology'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.

Shanghai HeartCare Medical Technology's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shanghai HeartCare Medical Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shanghai HeartCare Medical Technology's Days Inventory falls into.

Shanghai HeartCare Medical Technology Days Inventory Calculation

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

Shanghai HeartCare Medical Technology'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
=	( (147.583	+	159.734)	/	2 )	/	75.017	*	365
=	153.6585					/	75.017	*	365
=	747.64

Shanghai HeartCare Medical Technology'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
=	( (174.717	+	159.734)	/	2 )	/	42.348	*	365 / 2
=	167.2255					/	42.348	*	365 / 2
=	720.66

Shanghai HeartCare Medical Technology (HKSE:06609) 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.

Shanghai HeartCare Medical Technology's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42.348	/	167.2255
	=	0.25

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.

Shanghai HeartCare Medical Technology's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	167.2255	/	134.27
	=	1.25

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.

Shanghai HeartCare Medical Technology Days Inventory Related Terms

Thank you for viewing the detailed overview of Shanghai HeartCare Medical Technology's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai HeartCare Medical Technology (HKSE:06609) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai HeartCare Medical Technology Corp Ltd (HKSE:06609) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 356, Zhengbo Road, Floor 1 and 3, Building 38, Pilot Free Trade Zone, Lingang New District, Shanghai, CHN

Website

http://www.strokemedical.com

Shanghai HeartCare Medical Technology Corp Ltd is an innovative neuro-interventional medical device company. The company is committed to creating high-quality products for the prevention and treatment of stroke. Geographically, the Group's revenue is derived from Mainland China.

Shanghai HeartCare Medical Technology (HKSE:06609) Headlines

No Headlines