The historical rank and industry rank for OrbusNeich Medical Group Holdings's Days Inventory or its related term are showing as below:
HKSE:06929'
s Days Inventory Range Over the Past 10 Years
Min: 242.79 Med: 307.32 Max: 359.81
Current: 359.81
During the past 6 years, OrbusNeich Medical Group Holdings's highest Days Inventory was 359.81. The lowest was 242.79. And the median was 307.32.
HKSE:06929's Days Inventory is ranked worse than 81.12% of 784
companies
in the Medical Devices & Instruments industry
Industry Median: 186.345
vs HKSE:06929: 359.81
Inventory Turnover measures how fast the company turns over its inventory within a year.
OrbusNeich Medical Group Holdings's Inventory Turnover for the
six
months ended in Jun. 2024 was 0.51.
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.
OrbusNeich Medical Group Holdings's Inventory-to-Revenue for the
six
months ended in Jun. 2024 was 0.57.
OrbusNeich Medical Group Holdings Days Inventory Historical Data
* 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.
OrbusNeich Medical Group Holdings Days Inventory Chart
Competitive Comparison of OrbusNeich Medical Group Holdings's Days Inventory
For the Medical Instruments & Supplies subindustry, OrbusNeich Medical Group Holdings'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.
OrbusNeich Medical Group Holdings's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, OrbusNeich Medical Group Holdings's Days Inventory distribution charts can be found below:
* The bar in red indicates where OrbusNeich Medical Group Holdings's Days Inventory falls into.
OrbusNeich Medical Group Holdings Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
* 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.
OrbusNeich Medical Group Holdings (HKSE:06929) 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.
OrbusNeich Medical Group Holdings's Inventory Turnover for the
six
months ended in Jun. 2024 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.
OrbusNeich Medical Group Holdings's Inventory to Revenue for the
six
months ended in Jun. 2024 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.
OrbusNeich Medical Group Holdings Days Inventory Related Terms
Thank you for viewing the detailed overview of OrbusNeich Medical Group Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
OrbusNeich Medical Group Holdings Business Description
OrbusNeich is a China-based global medical device maker of endovascular interventional instruments with global reach. It launched its first research base in 2001 and was listed on the Hong Kong Exchange in 2022. As of 2023, OrbusNeich's largest revenue segment by geography is Japan with 24.7% of total revenue followed by Europe, the Middle East, and Africa, with 23.6% of total revenue. The Asia-Pacific region and the United States make up the balance. Its largest product segment is coronary interventional medical devices, such as scoring balloons, non-compliant balloons, or stents, together representing 82.7% of its total revenue.
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