Hydreight Technologies (TSXV:NURS) Days Inventory : 3.00 (As of Sep. 2024)

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What is Hydreight Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hydreight Technologies's Average Total Inventories for the three months ended in Sep. 2024 was C$0.10 Mil. Hydreight Technologies's Cost of Goods Sold for the three months ended in Sep. 2024 was C$2.99 Mil. Hence, Hydreight Technologies's Days Inventory for the three months ended in Sep. 2024 was 3.00.

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

TSXV:NURS' s Days Inventory Range Over the Past 10 Years
Min: 3.49 Med: 10.71 Max: 15.61
Current: 3.49

During the past 5 years, Hydreight Technologies's highest Days Inventory was 15.61. The lowest was 3.49. And the median was 10.71.

TSXV:NURS's Days Inventory is ranked better than
92.42% of 488 companies
in the Healthcare Providers & Services industry
Industry Median: 30.56 vs TSXV:NURS: 3.49

Hydreight Technologies's Days Inventory increased from Sep. 2023 (2.46) to Sep. 2024 (3.00). It might indicate that Hydreight Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hydreight Technologies's Inventory Turnover for the three months ended in Sep. 2024 was 30.39.

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. Hydreight Technologies's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.02.

Hydreight Technologies Days Inventory Historical Data

The historical data trend for Hydreight Technologies'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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Hydreight Technologies Days Inventory Chart

Hydreight Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

15.61

5.80

Hydreight Technologies Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial										2.46	3.87	4.40	3.72	3.00

Competitive Comparison of Hydreight Technologies's Days Inventory

For the Health Information Services subindustry, Hydreight Technologies'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.

Hydreight Technologies's Days Inventory Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Hydreight Technologies's Days Inventory falls into.

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Hydreight Technologies Days Inventory Calculation

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

Hydreight Technologies'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
=	( (0.104	+	0.104)	/	2 )	/	6.548	*	365
=	0.104					/	6.548	*	365
=	5.80

Hydreight Technologies'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
=	( (0.104	+	0.093)	/	2 )	/	2.993	*	365 / 4
=	0.0985					/	2.993	*	365 / 4
=	3.00

Hydreight Technologies (TSXV:NURS) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.993	/	0.0985
	=	30.39

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0985	/	4.526
	=	0.02

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.

Hydreight Technologies Days Inventory Related Terms

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

Hydreight Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Hydreight Technologies Inc (TSXV:NURS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

HYDTF:USA

Address

1500 West Georgia Street, Suite 800, Vancouver, BC, CAN, V6G 2Z6

Website

https://www.hydreight.com

Hydreight Technologies Inc is a home healthcare and wellness platform that bridges the gap between provider compliance and patient convenience, empowering nurses, med spa technicians, and other licensed healthcare professionals. It delivers services independently, on its own terms, or adds mobile services to existing location-based operations. The platform includes a built-in, easy-to-use suite of fully-integrated tools for accounting, documentation, sales, inventory, booking, managing patient data, and more, Hydreight has a 503B pharmacy license and is a U.S. certified e-script and telemedicine provider that allows it to provide services in over 50 states.

Executives

Gabi Kabazo

Director

Hydreight Technologies Headlines

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