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Kindstar Globalgene Technology (Kindstar Globalgene Technology) Days Inventory : 34.16 (As of Dec. 2023)


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What is Kindstar Globalgene Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kindstar Globalgene Technology's Average Total Inventories for the six months ended in Dec. 2023 was $7.0 Mil. Kindstar Globalgene Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was $37.4 Mil. Hence, Kindstar Globalgene Technology's Days Inventory for the six months ended in Dec. 2023 was 34.16.

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

KDGTF' s Days Inventory Range Over the Past 10 Years
Min: 26.65   Med: 35.2   Max: 38.7
Current: 37.75

During the past 6 years, Kindstar Globalgene Technology's highest Days Inventory was 38.70. The lowest was 26.65. And the median was 35.20.

KDGTF's Days Inventory is ranked better than
68.82% of 186 companies
in the Medical Diagnostics & Research industry
Industry Median: 70.14 vs KDGTF: 37.75

Kindstar Globalgene Technology's Days Inventory increased from Dec. 2022 (24.17) to Dec. 2023 (34.16). It might indicate that Kindstar Globalgene Technology's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kindstar Globalgene Technology's Inventory Turnover for the six months ended in Dec. 2023 was 5.34.

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. Kindstar Globalgene Technology's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.11.

Kindstar Globalgene Technology Days Inventory Historical Data

The historical data trend for Kindstar Globalgene 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.

Kindstar Globalgene Technology Days Inventory Chart

Kindstar Globalgene Technology Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 34.91 35.35 38.81 26.62 38.47

Kindstar Globalgene Technology Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.96 26.45 24.17 41.00 34.16

Competitive Comparison of Kindstar Globalgene Technology's Days Inventory

For the Diagnostics & Research subindustry, Kindstar Globalgene 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.

Kindstar Globalgene Technology's Days Inventory Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Kindstar Globalgene Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kindstar Globalgene Technology's Days Inventory falls into.


Kindstar Globalgene Technology Days Inventory Calculation

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

Kindstar Globalgene 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
=( (8.418 + 6.821) / 2 ) / 72.285*365
=7.6195 / 72.285*365
=38.47

Kindstar Globalgene 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
=( (7.195 + 6.821) / 2 ) / 37.435*365 / 2
=7.008 / 37.435*365 / 2
=34.16

* 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.

Kindstar Globalgene Technology  (OTCPK:KDGTF) 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.

Kindstar Globalgene Technology's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=37.435 / 7.008
=5.34

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.

Kindstar Globalgene Technology's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=7.008 / 66.455
=0.11

* 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.

Kindstar Globalgene Technology Days Inventory Related Terms

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

Kindstar Globalgene Technology (Kindstar Globalgene Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Kindstar Globalgene Technology Inc (OTCPK:KDGTF) » Definitions » Days Inventory
Comparable Companies
HKSE:06667 HKSE:08037 HKSE:02427 HKSE:08225 HKSE:08247 HKSE:00928 HKSE:02325 TMO DHR SHSE:603259 IQV IDXX A XSWX:LONN MTD ICLR LH ILMN DGX WAT
Traded in Other Exchanges
09960:Hong Kong
Address
Biolake D2-1, 666 Gaoxin Road, East Lake High Tech Zone, Hubei Province, Wuhan, CHN
Website
https://www.kindstar.com.cn
Kindstar Globalgene Technology Inc is principally engaged in the provision of clinical testing services. It organizes the business into nine segments, including hematology testing, genetic disease and rare disease testing, infectious disease testing, oncology testing, neurology testing, maternity-related testing, COVID-19-related testing, routine testing, and Other segment provides Testing services for R&D projects and others and miscellaneous services.

Kindstar Globalgene Technology (Kindstar Globalgene Technology) Headlines

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