Qingdao Haier Biomedical Co (SHSE:688139) Days Inventory : 65.74 (As of Mar. 2024)

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What is Qingdao Haier Biomedical Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Qingdao Haier Biomedical Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥249 Mil. Qingdao Haier Biomedical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥346 Mil. Hence, Qingdao Haier Biomedical Co's Days Inventory for the three months ended in Mar. 2024 was 65.74.

The historical rank and industry rank for Qingdao Haier Biomedical Co's Days Inventory or its related term are showing as below:

SHSE:688139' s Days Inventory Range Over the Past 10 Years
Min: 48.37 Med: 68.56 Max: 102.23
Current: 72.21

During the past 8 years, Qingdao Haier Biomedical Co's highest Days Inventory was 102.23. The lowest was 48.37. And the median was 68.56.

SHSE:688139's Days Inventory is ranked better than
91.11% of 776 companies
in the Medical Devices & Instruments industry
Industry Median: 189.595 vs SHSE:688139: 72.21

Qingdao Haier Biomedical Co's Days Inventory declined from Mar. 2023 (66.25) to Mar. 2024 (65.74).

Inventory Turnover measures how fast the company turns over its inventory within a year. Qingdao Haier Biomedical Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.39.

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. Qingdao Haier Biomedical Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.36.

Qingdao Haier Biomedical Co Days Inventory Historical Data

The historical data trend for Qingdao Haier Biomedical 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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Qingdao Haier Biomedical Co Days Inventory Chart

Qingdao Haier Biomedical Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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61.37

92.95

102.23

75.75

84.05

Qingdao Haier Biomedical Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															66.25	70.13	65.44	89.10	65.74

Competitive Comparison of Qingdao Haier Biomedical Co's Days Inventory

For the Medical Devices subindustry, Qingdao Haier Biomedical 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.

Qingdao Haier Biomedical Co's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Qingdao Haier Biomedical Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Qingdao Haier Biomedical Co's Days Inventory falls into.

Qingdao Haier Biomedical Co Days Inventory Calculation

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

Qingdao Haier Biomedical 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
=	( (270.547	+	248.019)	/	2 )	/	1125.978	*	365
=	259.283					/	1125.978	*	365
=	84.05

Qingdao Haier Biomedical Co'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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (248.019	+	250.845)	/	2 )	/	346.205	*	365 / 4
=	249.432					/	346.205	*	365 / 4
=	65.74

Qingdao Haier Biomedical Co (SHSE:688139) 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.

Qingdao Haier Biomedical Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	346.205	/	249.432
	=	1.39

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.

Qingdao Haier Biomedical Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	249.432	/	686.909
	=	0.36

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.

Qingdao Haier Biomedical Co Days Inventory Related Terms

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Qingdao Haier Biomedical Co (SHSE:688139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Qingdao Haier Biomedical Co Ltd (SHSE:688139) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Haier Road, Branding Building, Qingdao, CHN, 266101

Website

http://www.haiermedical.com

Qingdao Haier Biomedical Co Ltd is engaged in designing, manufacturing, marketing and sales of low temperature storage equipment for biomedical samples. The company provides provides complete storage solutions for biological sample banks, blood safety, vaccine safety, medical supplies and reagent safety.

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