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Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Days Inventory : 9.06 (As of Dec. 2023)


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What is Meihua International Medical Technologies Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Meihua International Medical Technologies Co's Average Total Inventories for the six months ended in Dec. 2023 was $1.63 Mil. Meihua International Medical Technologies Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $32.88 Mil. Hence, Meihua International Medical Technologies Co's Days Inventory for the six months ended in Dec. 2023 was 9.06.

The historical rank and industry rank for Meihua International Medical Technologies Co's Days Inventory or its related term are showing as below:

MHUA' s Days Inventory Range Over the Past 10 Years
Min: 6.64   Med: 7.82   Max: 8.35
Current: 8.35

During the past 5 years, Meihua International Medical Technologies Co's highest Days Inventory was 8.35. The lowest was 6.64. And the median was 7.82.

MHUA's Days Inventory is ranked better than
99.36% of 776 companies
in the Medical Devices & Instruments industry
Industry Median: 189.595 vs MHUA: 8.35

Meihua International Medical Technologies Co's Days Inventory increased from Dec. 2022 (6.76) to Dec. 2023 (9.06). It might indicate that Meihua International Medical Technologies Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meihua International Medical Technologies Co's Inventory Turnover for the six months ended in Dec. 2023 was 20.15.

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. Meihua International Medical Technologies Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.03.


Meihua International Medical Technologies Co Days Inventory Historical Data

The historical data trend for Meihua International Medical Technologies Co'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.

Meihua International Medical Technologies Co Days Inventory Chart

Meihua International Medical Technologies Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
7.89 8.27 7.32 6.64 7.82

Meihua International Medical Technologies Co Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only 6.82 6.58 6.76 8.15 9.06

Competitive Comparison of Meihua International Medical Technologies Co's Days Inventory

For the Medical Instruments & Supplies subindustry, Meihua International Medical Technologies Co'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.


Meihua International Medical Technologies Co's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Meihua International Medical Technologies Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Meihua International Medical Technologies Co's Days Inventory falls into.



Meihua International Medical Technologies Co Days Inventory Calculation

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

Meihua International Medical Technologies Co'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
=( (1.122 + 1.617) / 2 ) / 63.901*365
=1.3695 / 63.901*365
=7.82

Meihua International Medical Technologies Co'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
=( (1.647 + 1.617) / 2 ) / 32.881*365 / 2
=1.632 / 32.881*365 / 2
=9.06

* 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.


Meihua International Medical Technologies Co  (NAS:MHUA) 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.

Meihua International Medical Technologies Co'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.

Meihua International Medical Technologies Co'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.


Meihua International Medical Technologies Co Days Inventory Related Terms

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Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Business Description

Traded in Other Exchanges
N/A
Address
88 Tongda Road, Touqiao Town, Guangling District, Yangzhou, CHN, 225000
Meihua International Medical Technologies Co Ltd is engaged in providing disposable medical devices. It serves hospitals, pharmacies, medical institutions, and medical equipment companies. Its product offerings include a Disposable Medical mask, Disposable ID Bracelet, Disposable Artificial Anal bag, Disposable Catheter, and Electonic pump among others.

Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Headlines

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