Patient Access Solutions (Patient Access Solutions) Days Inventory : 48.03 (As of Jul. 2008)

View and export this data going back to 2007. Start your Free Trial

What is Patient Access Solutions Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Patient Access Solutions's Average Total Inventories for the three months ended in Jul. 2008 was $0.03 Mil. Patient Access Solutions's Cost of Goods Sold for the three months ended in Jul. 2008 was $0.06 Mil. Hence, Patient Access Solutions's Days Inventory for the three months ended in Jul. 2008 was 48.03.

The historical rank and industry rank for Patient Access Solutions's Days Inventory or its related term are showing as below:

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

Patient Access Solutions's Days Inventory increased from Jul. 2007 (0.00) to Jul. 2008 (48.03). It might indicate that Patient Access Solutions's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Patient Access Solutions's Inventory Turnover for the three months ended in Jul. 2008 was 1.90.

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. Patient Access Solutions's Inventory-to-Revenue for the three months ended in Jul. 2008 was 0.30.

Patient Access Solutions Days Inventory Historical Data

The historical data trend for Patient Access Solutions'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.

Patient Access Solutions Days Inventory Chart

Patient Access Solutions Annual Data

Trend

Oct06

Oct07

Oct08

Days Inventory

Patient Access Solutions Quarterly Data
	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08
Days Inventory	Get a 7-Day Free Trial			-	-	-	96.32	48.03

Competitive Comparison of Patient Access Solutions's Days Inventory

For the Health Information Services subindustry, Patient Access Solutions'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.

Patient Access Solutions's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Patient Access Solutions's Days Inventory distribution charts can be found below:

* The bar in red indicates where Patient Access Solutions's Days Inventory falls into.

Patient Access Solutions Days Inventory Calculation

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

Patient Access Solutions's Days Inventory for the fiscal year that ended in Oct. 2008 is calculated as

	Days Inventory (A: Oct. 2008 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Oct. 2007 )	+	Total Inventories (A: Oct. 2008 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2008 )	*	Days in Period
=	( (0	+	0.041)	/	1 )	/	0	*	365
=	0.041					/	0	*	365
=	N/A

Patient Access Solutions's Days Inventory for the quarter that ended in Jul. 2008 is calculated as:

	Days Inventory (Q: Jul. 2008 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Apr. 2008 )	+	Total Inventories (Q: Jul. 2008 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2008 )	*	Days in Period
=	( (0.019	+	0.041)	/	2 )	/	0.057	*	365 / 4
=	0.03					/	0.057	*	365 / 4
=	48.03

Patient Access Solutions (OTCPK:PASO) 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.

Patient Access Solutions's Inventory Turnover for the three months ended in Jul. 2008 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.057	/	0.03
	=	1.90

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.

Patient Access Solutions's Inventory to Revenue for the three months ended in Jul. 2008 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.03	/	0.1
	=	0.30

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.

Patient Access Solutions Days Inventory Related Terms

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

Patient Access Solutions (Patient Access Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Patient Access Solutions Inc (OTCPK:PASO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Veterans Highway, Unit 1124, Commack, NY, USA, 11725

Website

http://www.pashealth.com

Patient Access Solutions Inc is a technology solutions provider focused on service within the healthcare community, with a focus of using technology to facilitate their customers' needs. The company develops and markets the PASHealth Web Portal System.

Patient Access Solutions (Patient Access Solutions) Headlines

From GuruFocus

Patient Access Solutions Inc. Issues Statement Regarding OTC Status and Trading Activity

By Marketwired Marketwired • 01-28-2019