Third Age Health Services (NZSE:TAH) Days Inventory : 0.00 (As of Mar. 2024)

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What is Third Age Health Services Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Third Age Health Services's Average Total Inventories for the six months ended in Mar. 2024 was NZ$0.00 Mil. Third Age Health Services's Cost of Goods Sold for the six months ended in Mar. 2024 was NZ$3.11 Mil. Hence, Third Age Health Services's Days Inventory for the six months ended in Mar. 2024 was 0.00.

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

NZSE:TAH's Days Inventory is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 32.66
* Ranked among companies with meaningful Days Inventory only.

Third Age Health Services's Days Inventory stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Third Age Health Services's Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.00.

Third Age Health Services Days Inventory Historical Data

The historical data trend for Third Age Health Services'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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Third Age Health Services Days Inventory Chart

Third Age Health Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Inventory

Third Age Health Services Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Third Age Health Services's Days Inventory

For the Medical Care Facilities subindustry, Third Age Health Services'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.

Third Age Health Services's Days Inventory Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Third Age Health Services's Days Inventory falls into.

Third Age Health Services Days Inventory Calculation

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

Third Age Health Services's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	6.735	*	365
=	0					/	6.735	*	365
=	0.00

Third Age Health Services's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	3.108	*	365 / 2
=	0					/	3.108	*	365 / 2
=	0.00

Third Age Health Services (NZSE:TAH) 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.

Third Age Health Services's Inventory Turnover for the six months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.108	/	0
	=

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.

Third Age Health Services's Inventory to Revenue for the six months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	7.81
	=	0.00

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.

Third Age Health Services Days Inventory Related Terms

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

Third Age Health Services (NZSE:TAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Third Age Health Services Ltd (NZSE:TAH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

536 Kennedy Road, Greenmeadows, Napier, NZL, 4112

Website

https://www.thirdagehealth.co.nz

Third Age Health Services Ltd is engaged in providing health care services to older adults residing in Aged Residential Care. Its services include 24/7 access to a doctor, Regular, scheduled rounds by a Practitioner, and Guaranteed locum cover.