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OrbusNeich Medical Group Holdings (HKSE:06929) Days Inventory : 356.33 (As of Jun. 2024)


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What is OrbusNeich Medical Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). OrbusNeich Medical Group Holdings's Average Total Inventories for the six months ended in Jun. 2024 was HK$353 Mil. OrbusNeich Medical Group Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$181 Mil. Hence, OrbusNeich Medical Group Holdings's Days Inventory for the six months ended in Jun. 2024 was 356.33.

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

OrbusNeich Medical Group Holdings's Days Inventory increased from Jun. 2023 (246.51) to Jun. 2024 (356.33). It might indicate that OrbusNeich Medical Group Holdings's sales slowed down.

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

The historical data trend for OrbusNeich Medical Group Holdings'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.

OrbusNeich Medical Group Holdings Days Inventory Chart

OrbusNeich Medical Group Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Inventory
Get a 7-Day Free Trial 337.11 307.32 242.79 272.53 360.18

OrbusNeich Medical Group Holdings Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only 225.97 246.51 281.79 356.33 363.24

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.

OrbusNeich Medical Group Holdings'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
=( (228.891 + 323.529) / 2 ) / 369.927*365
=276.21 / 369.927*365
=272.53

OrbusNeich Medical Group Holdings's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (323.529 + 382.018) / 2 ) / 180.676*365 / 2
=352.7735 / 180.676*365 / 2
=356.33

* 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

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OrbusNeich Medical Group Holdings Business Description

Traded in Other Exchanges
N/A
Address
3rd Floor, Building 20E, Units 303 and 305, Hong Kong Science Park, Shatin New Town, Hong Kong, HKG
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.
Executives
Harmony Tree Limited 2101 Beneficial owner
Shenzhen Capital Group Co., Ltd. 2201 Interest of corporation controlled by you
Suzhou Red Earth Yeju Investment Ltd. 2101 Beneficial owner
Chien David 2201 Interest of corporation controlled by you
Lau Kwai Ching Denise 2201 Interest of corporation controlled by you
Shen Chuang Tou Zhi Zao Ye Zhuan Xing Sheng Ji Xin Cai Liao Ji Jin You Xian He Huo 2201 Interest of corporation controlled by you
Shen Chuang Tou Hong Tu Si Mu Gu Quan Tou Zi Ji Jin Guan Li Shen Zhen You Xian Gong Si 2201 Interest of corporation controlled by you
Su Zhou Hong Tu Ye Ju Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you

OrbusNeich Medical Group Holdings Headlines

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