Canadian Medical Center Co (SAU:9518) Days Inventory : 22.66 (As of Dec. 2023)

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What is Canadian Medical Center Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Canadian Medical Center Co's Average Total Inventories for the six months ended in Dec. 2023 was ﷼4.7 Mil. Canadian Medical Center Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ﷼37.8 Mil. Hence, Canadian Medical Center Co's Days Inventory for the six months ended in Dec. 2023 was 22.66.

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

SAU:9518' s Days Inventory Range Over the Past 10 Years
Min: 1.84 Med: 14.78 Max: 24.67
Current: 24.67

During the past 4 years, Canadian Medical Center Co's highest Days Inventory was 24.67. The lowest was 1.84. And the median was 14.78.

SAU:9518's Days Inventory is ranked better than
60.13% of 469 companies
in the Healthcare Providers & Services industry
Industry Median: 32.13 vs SAU:9518: 24.67

Canadian Medical Center Co's Days Inventory increased from Dec. 2022 (21.67) to Dec. 2023 (22.66). It might indicate that Canadian Medical Center Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Canadian Medical Center Co's Inventory Turnover for the six months ended in Dec. 2023 was 8.05.

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. Canadian Medical Center Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.09.

Canadian Medical Center Co Days Inventory Historical Data

The historical data trend for Canadian Medical Center 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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Canadian Medical Center Co Days Inventory Chart

Canadian Medical Center Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

1.84

8.52

21.04

23.08

Canadian Medical Center Co Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			7.25	15.52	21.67	28.90	22.66

Competitive Comparison of Canadian Medical Center Co's Days Inventory

For the Medical Care Facilities subindustry, Canadian Medical Center 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.

Canadian Medical Center Co's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Canadian Medical Center Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Canadian Medical Center Co's Days Inventory falls into.

Canadian Medical Center Co Days Inventory Calculation

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

Canadian Medical Center 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
=	( (4.567	+	4.133)	/	2 )	/	68.801	*	365
=	4.35					/	68.801	*	365
=	23.08

Canadian Medical Center 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
=	( (5.253	+	4.133)	/	2 )	/	37.796	*	365 / 2
=	4.693					/	37.796	*	365 / 2
=	22.66

Canadian Medical Center Co (SAU:9518) 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.

Canadian Medical Center Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	37.796	/	4.693
	=	8.05

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.

Canadian Medical Center Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.693	/	55.125
	=	0.09

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.

Canadian Medical Center Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Canadian Medical Center Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Canadian Medical Center Co (SAU:9518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Canadian Medical Center Co (SAU:9518) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Khobar - Abqaiq, Dammam, SAU

Website

https://sa.canadian-mc.com

Canadian Medical Center Co is engaged in providing medical services. Activities of the company are management of hospitals and health centers and trade in hospital tools and equipment and ambulances. It has one sector which is the activity of medical services, and geographically only operates in the Kingdom of Saudi Arabia.

Canadian Medical Center Co (SAU:9518) Headlines

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