Dentalcorp Holdings (TSX:DNTL) Days Inventory : 18.53 (As of Sep. 2024)

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What is Dentalcorp Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Dentalcorp Holdings's Average Total Inventories for the three months ended in Sep. 2024 was C$38 Mil. Dentalcorp Holdings's Cost of Goods Sold for the three months ended in Sep. 2024 was C$189 Mil. Hence, Dentalcorp Holdings's Days Inventory for the three months ended in Sep. 2024 was 18.53.

The historical rank and industry rank for Dentalcorp Holdings's Days Inventory or its related term are showing as below:

TSX:DNTL' s Days Inventory Range Over the Past 10 Years
Min: 18.37 Med: 24.57 Max: 33.64
Current: 18.37

During the past 5 years, Dentalcorp Holdings's highest Days Inventory was 33.64. The lowest was 18.37. And the median was 24.57.

TSX:DNTL's Days Inventory is ranked better than
66.39% of 476 companies
in the Healthcare Providers & Services industry
Industry Median: 31.015 vs TSX:DNTL: 18.37

Dentalcorp Holdings's Days Inventory declined from Sep. 2023 (21.49) to Sep. 2024 (18.53).

Inventory Turnover measures how fast the company turns over its inventory within a year. Dentalcorp Holdings's Inventory Turnover for the three months ended in Sep. 2024 was 4.93.

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. Dentalcorp Holdings's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.10.

Dentalcorp Holdings Days Inventory Historical Data

The historical data trend for Dentalcorp Holdings'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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Dentalcorp Holdings Days Inventory Chart

Dentalcorp Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

24.57

33.64

24.99

20.38

18.85

Dentalcorp Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															21.49	18.61	19.19	17.42	18.53

Competitive Comparison of Dentalcorp Holdings's Days Inventory

For the Medical Care Facilities subindustry, Dentalcorp Holdings'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.

Dentalcorp Holdings's Days Inventory Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Dentalcorp Holdings's Days Inventory falls into.

Dentalcorp Holdings Days Inventory Calculation

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

Dentalcorp Holdings'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
=	( (35.8	+	39.5)	/	2 )	/	728.9	*	365
=	37.65					/	728.9	*	365
=	18.85

Dentalcorp Holdings's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (38.7	+	38)	/	2 )	/	188.9	*	365 / 4
=	38.35					/	188.9	*	365 / 4
=	18.53

Dentalcorp Holdings (TSX:DNTL) 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.

Dentalcorp Holdings's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	188.9	/	38.35
	=	4.93

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.

Dentalcorp Holdings's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	38.35	/	375.4
	=	0.10

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.

Dentalcorp Holdings Days Inventory Related Terms

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

Dentalcorp Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Dentalcorp Holdings Ltd (TSX:DNTL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

DNTCF:USA

Address

181 Bay Street, Suite 2600, Toronto, ON, CAN, M5J 2T3

Website

https://www.dentalcorp.ca

Dentalcorp Holdings Ltd is engaged in acquiring dental practices and providing health care services in Canada. It recognizes revenue for the provision of dental services that are rendered to patients by Partner dentists and dental practitioners contracted by Professional Corporations and health care services rendered by employees or contractors of the company.

Dentalcorp Holdings Headlines

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