China National Accord Medicines (SZSE:200028) Days Inventory : 43.67 (As of Mar. 2024)

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What is China National Accord Medicines Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China National Accord Medicines's Average Total Inventories for the three months ended in Mar. 2024 was HK$8,847 Mil. China National Accord Medicines's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$18,486 Mil. Hence, China National Accord Medicines's Days Inventory for the three months ended in Mar. 2024 was 43.67.

The historical rank and industry rank for China National Accord Medicines's Days Inventory or its related term are showing as below:

SZSE:200028' s Days Inventory Range Over the Past 10 Years
Min: 34.45 Med: 39.3 Max: 45.69
Current: 45.69

During the past 13 years, China National Accord Medicines's highest Days Inventory was 45.69. The lowest was 34.45. And the median was 39.30.

SZSE:200028's Days Inventory is ranked better than
59.57% of 94 companies
in the Medical Distribution industry
Industry Median: 62.15 vs SZSE:200028: 45.69

China National Accord Medicines's Days Inventory declined from Mar. 2023 (44.98) to Mar. 2024 (43.67).

Inventory Turnover measures how fast the company turns over its inventory within a year. China National Accord Medicines's Inventory Turnover for the three months ended in Mar. 2024 was 2.09.

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. China National Accord Medicines's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.43.

China National Accord Medicines Days Inventory Historical Data

The historical data trend for China National Accord Medicines'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.

China National Accord Medicines Days Inventory Chart

China National Accord Medicines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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37.15

38.30

41.46

45.81

43.93

China National Accord Medicines 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															44.98	45.95	48.62	45.43	43.67

Competitive Comparison of China National Accord Medicines's Days Inventory

For the Medical Distribution subindustry, China National Accord Medicines'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.

China National Accord Medicines's Days Inventory Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, China National Accord Medicines's Days Inventory distribution charts can be found below:

* The bar in red indicates where China National Accord Medicines's Days Inventory falls into.

China National Accord Medicines Days Inventory Calculation

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

China National Accord Medicines'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
=	( (8750.547	+	8738.201)	/	2 )	/	72654.728	*	365
=	8744.374					/	72654.728	*	365
=	43.93

China National Accord Medicines'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
=	( (8738.201	+	8956.125)	/	2 )	/	18485.697	*	365 / 4
=	8847.163					/	18485.697	*	365 / 4
=	43.67

China National Accord Medicines (SZSE:200028) 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.

China National Accord Medicines's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	18485.697	/	8847.163
	=	2.09

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.

China National Accord Medicines's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8847.163	/	20738.017
	=	0.43

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.

China National Accord Medicines Days Inventory Related Terms

Thank you for viewing the detailed overview of China National Accord Medicines's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

China National Accord Medicines (SZSE:200028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » China National Accord Medicines Corp Ltd (SZSE:200028) » Definitions » Days Inventory

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000028:China

Address

No. 15, Ba Gua Si 4th Road, Accord Pharmaceutical Building, Futian District, Guangdong Province, Shenzhen, CHN, 518029

Website

http://www.szaccord.com.cn

China National Accord Medicines Corp Ltd develops and manufactures pharmaceuticals in China. The company engaged in the wholesale of Chinese patent drugs, traditional Chinese medicines, chemical medicine preparations, antibiotics, biochemical drugs and cerebrovascular system drugs. It operates through the following segments: The Head office segment engages in investing and managing the business; The Pharmaceutical Distribution segment engages in the distribution of medicine and pharmaceutical products to customers, including hospitals, other distributors, retail drug stores, and clinics, and Retail pharmacy segment, which is managing the operation of Guoda Pharmacy. It generates maximum revenue from the Pharmaceutical Distribution segment.

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