Ping An Healthcare And Technology Co (Ping An Healthcare And Technology Co) Days Inventory : 19.85 (As of Dec. 2023)

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What is Ping An Healthcare And Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ping An Healthcare And Technology Co's Average Total Inventories for the six months ended in Dec. 2023 was $25.3 Mil. Ping An Healthcare And Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $232.2 Mil. Hence, Ping An Healthcare And Technology Co's Days Inventory for the six months ended in Dec. 2023 was 19.85.

The historical rank and industry rank for Ping An Healthcare And Technology Co's Days Inventory or its related term are showing as below:

PIAHY' s Days Inventory Range Over the Past 10 Years
Min: 1.81 Med: 5.35 Max: 27.47
Current: 23.54

During the past 9 years, Ping An Healthcare And Technology Co's highest Days Inventory was 27.47. The lowest was 1.81. And the median was 5.35.

PIAHY's Days Inventory is ranked better than
61.41% of 469 companies
in the Healthcare Providers & Services industry
Industry Median: 32.49 vs PIAHY: 23.54

Ping An Healthcare And Technology Co's Days Inventory increased from Dec. 2022 (13.16) to Dec. 2023 (19.85). It might indicate that Ping An Healthcare And Technology Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ping An Healthcare And Technology Co's Inventory Turnover for the six months ended in Dec. 2023 was 9.20.

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. Ping An Healthcare And Technology Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.07.

Ping An Healthcare And Technology Co Days Inventory Historical Data

The historical data trend for Ping An Healthcare And Technology 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.

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Ping An Healthcare And Technology Co Days Inventory Chart

Ping An Healthcare And Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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5.35

8.40

17.98

27.44

25.98

Ping An Healthcare And Technology Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial											16.39	22.91	13.16	25.15	19.85

Competitive Comparison of Ping An Healthcare And Technology Co's Days Inventory

For the Health Information Services subindustry, Ping An Healthcare And Technology 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.

Ping An Healthcare And Technology Co's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Ping An Healthcare And Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ping An Healthcare And Technology Co's Days Inventory falls into.

Ping An Healthcare And Technology Co Days Inventory Calculation

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

Ping An Healthcare And Technology 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
=	( (35.295	+	27.811)	/	2 )	/	443.272	*	365
=	31.553					/	443.272	*	365
=	25.98

Ping An Healthcare And Technology 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
=	( (22.698	+	27.811)	/	2 )	/	232.24	*	365 / 2
=	25.2545					/	232.24	*	365 / 2
=	19.85

Ping An Healthcare And Technology Co (OTCPK:PIAHY) 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.

Ping An Healthcare And Technology Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	232.24	/	25.2545
	=	9.20

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.

Ping An Healthcare And Technology Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	25.2545	/	343.322
	=	0.07

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.

Ping An Healthcare And Technology Co Days Inventory Related Terms

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

Ping An Healthcare And Technology Co (Ping An Healthcare And Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ping An Healthcare And Technology Co Ltd (OTCPK:PIAHY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

PANHF:USA 01833:Hong Kong 1XZ:Germany

Address

No. 166, Kaibin Road, Shanghai Ping An Building, 17th-19th Floor, Block B, Shanghai, CHN

Website

https://www.pagd.net

Ping An Healthcare and Technology is the parent of Ping An Good Doctor, or PAGD, an online platform offering healthcare services in the form of a health maintenance organization, or HMO, model that provides commercial healthcare services and offers healthcare checkup, healthcare management, and corporate reimbursement for a fee. The company leverages the network of health providers from its parent Ping An Group, where it enters into contracts with physicians, hospitals, and specialists to offer their services to HMO participants. Other than commercial healthcare premium services, PAGD offers online consultations and prescription e-commerce online to individuals. The platform has 978 corporate clients and 43 million paying users. PAGD is 38.43% owned by its parent company.