Days Inventory is also known as Days Sales of Inventory (DSI). Mega Genomics's Average Total Inventories for the
six
months ended in Dec. 2023 was HK$4.2 Mil. Mega Genomics's Cost of Goods Sold for the
six
months ended in Dec. 2023 was HK$32.2 Mil.
Hence, Mega Genomics's Days Inventory for the
six
months ended in Dec. 2023 was 23.74.
The historical rank and industry rank for Mega Genomics's Days Inventory or its related term are showing as below:
HKSE:06667'
s Days Inventory Range Over the Past 10 Years
Min: 15.95 Med: 19.69 Max: 23.14
Current: 21.7
During the past 5 years, Mega Genomics's highest Days Inventory was 23.14. The lowest was 15.95. And the median was 19.69.
HKSE:06667's Days Inventory is ranked better than 83.07% of 189
companies
in the Medical Diagnostics & Research industry
Industry Median: 68.6
vs HKSE:06667: 21.70
Mega Genomics's Days Inventory
increased
from Dec. 2022 (23.36) to Dec. 2023 (23.74).
It might indicate that Mega Genomics's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Mega Genomics's Inventory Turnover for the
six
months ended in Dec. 2023 was 7.69.
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.
Mega Genomics's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.07.
Mega Genomics Days Inventory Historical Data
The historical data trend for Mega Genomics'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.
Competitive Comparison of Mega Genomics's Days Inventory
For the Diagnostics & Research subindustry, Mega Genomics'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.
Mega Genomics's Days Inventory Distribution in the Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Mega Genomics's Days Inventory distribution charts can be found below:
* The bar in red indicates where Mega Genomics's Days Inventory falls into.
Mega Genomics Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Mega Genomics's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Mega Genomics (HKSE:06667) 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.
Mega Genomics's Inventory Turnover for the
six
months ended in Dec. 2023 is calculated as
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.
Mega Genomics's Inventory to Revenue for the
six
months ended in Dec. 2023 is calculated as
* 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.
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.
Mega Genomics Days Inventory Related Terms
Thank you for viewing the detailed overview of Mega Genomics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Mega Genomics Ltd is a genetic testing platform company in China with a focus on consumer genetic testing and cancer screening services. The company has launched dozens of testing services, covering a wide range of fields such as nutrition and metabolism, cancer risk assessment, chronic disease susceptibility, cancer screening and infectious disease diagnosis, to meet consumers' growing preventive medical needs.
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