New Frontier Health (New Frontier Health) Days Inventory : 61.14 (As of Dec. 2020)

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What is New Frontier Health Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). New Frontier Health's Average Total Inventories for the three months ended in Dec. 2020 was $13.1 Mil. New Frontier Health's Cost of Goods Sold for the three months ended in Dec. 2020 was $19.5 Mil. Hence, New Frontier Health's Days Inventory for the three months ended in Dec. 2020 was 61.14.

The historical rank and industry rank for New Frontier Health's Days Inventory or its related term are showing as below:

NFH's Days Inventory is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 32.7
* Ranked among companies with meaningful Days Inventory only.

New Frontier Health's Days Inventory increased from Dec. 2019 (55.31) to Dec. 2020 (61.14). It might indicate that New Frontier Health's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. New Frontier Health's Inventory Turnover for the three months ended in Dec. 2020 was 1.49.

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. New Frontier Health's Inventory-to-Revenue for the three months ended in Dec. 2020 was 0.13.

New Frontier Health Days Inventory Historical Data

The historical data trend for New Frontier Health'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.

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New Frontier Health Days Inventory Chart

New Frontier Health Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Days Inventory

68.90

54.94

62.96

New Frontier Health Quarterly Data
	Dec17	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Days Inventory	Get a 7-Day Free Trial							55.31	72.44	57.01	57.98	61.14

Competitive Comparison of New Frontier Health's Days Inventory

For the Medical Care Facilities subindustry, New Frontier Health'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.

New Frontier Health's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, New Frontier Health's Days Inventory distribution charts can be found below:

* The bar in red indicates where New Frontier Health's Days Inventory falls into.

New Frontier Health Days Inventory Calculation

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

New Frontier Health's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (8.069	+	14.11)	/	2 )	/	64.287	*	365
=	11.0895					/	64.287	*	365
=	62.96

New Frontier Health's Days Inventory for the quarter that ended in Dec. 2020 is calculated as:

	Days Inventory (Q: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2020 )	+	Total Inventories (Q: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
=	( (12.017	+	14.11)	/	2 )	/	19.498	*	365 / 4
=	13.0635					/	19.498	*	365 / 4
=	61.14

New Frontier Health (NYSE:NFH) 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.

New Frontier Health's Inventory Turnover for the three months ended in Dec. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19.498	/	13.0635
	=	1.49

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.

New Frontier Health's Inventory to Revenue for the three months ended in Dec. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	13.0635	/	100.018
	=	0.13

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.

New Frontier Health Days Inventory Related Terms

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

New Frontier Health (New Frontier Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » New Frontier Health Corp (NYSE:NFH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Jiuxianqiao Road, B7 Building, 1ST Floor, Hengtong Business Park, Chaoyang District, Beijing, CHN, 100015

Website

https://www.nfh.com.cn

New Frontier Health Corp is a comprehensive private medical service platform. Through its subsidiary, it provides healthcare services throughout the life cycle in China. The firm's operating segments are Operating assets Tier 1, and Operating assets Tier 2 and other assets and Expansion assets. Tier 1 segment consists of the group's existing general hospitals and clinics located in tier 1 cities in China, such as Beijing and Shanghai whereas, tier 2 and other assets segment consists of the group's existing general hospitals and clinics located in tier 2 cities in China, such as Tianjin and Qingdao, and specialized healthcare facilities. The company generates a majority of its revenue from the Tier 1 segment.