Shanghai INT Medical Instruments Co (HKSE:01501) Inventory-to-Revenue : 0.34 (As of Dec. 2023)

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What is Shanghai INT Medical Instruments Co Inventory-to-Revenue?

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. Shanghai INT Medical Instruments Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$154.8 Mil. Shanghai INT Medical Instruments Co's Revenue for the six months ended in Dec. 2023 was HK$451.8 Mil. Shanghai INT Medical Instruments Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.34.

Shanghai INT Medical Instruments Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Jun. 2023 (0.46) to Jun. 2023 (0.34)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai INT Medical Instruments Co's Days Inventory for the six months ended in Dec. 2023 was 147.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanghai INT Medical Instruments Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.24.

Shanghai INT Medical Instruments Co Inventory-to-Revenue Historical Data

The historical data trend for Shanghai INT Medical Instruments Co's Inventory-to-Revenue 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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Shanghai INT Medical Instruments Co Inventory-to-Revenue Chart

Shanghai INT Medical Instruments Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.15

0.13

0.16

0.22

0.19

Shanghai INT Medical Instruments Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial								0.31	0.50	0.40	0.46	0.34

Competitive Comparison of Shanghai INT Medical Instruments Co's Inventory-to-Revenue

For the Medical Instruments & Supplies subindustry, Shanghai INT Medical Instruments Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

Shanghai INT Medical Instruments Co's Inventory-to-Revenue Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shanghai INT Medical Instruments Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Shanghai INT Medical Instruments Co's Inventory-to-Revenue falls into.

Shanghai INT Medical Instruments Co Inventory-to-Revenue Calculation

Shanghai INT Medical Instruments Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (172.283	+	140.846)	/	2 )	/	823.436
=	156.5645					/	823.436
=	0.19

Shanghai INT Medical Instruments Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (168.666	+	140.846)	/	2 )	/	451.809
=	154.756					/	451.809
=	0.34

Shanghai INT Medical Instruments Co (HKSE:01501) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

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

Shanghai INT Medical Instruments Co's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	154.756	/	191.796	*	365 / 2
	=	147.26

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Shanghai INT Medical Instruments Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	191.796	/	154.756
	=	1.24

Shanghai INT Medical Instruments Co Inventory-to-Revenue Related Terms

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Shanghai INT Medical Instruments Co (HKSE:01501) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai INT Medical Instruments Co Ltd (HKSE:01501) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 925 Jin Yuan Yi Road, Block 2, Jiading District, Shanghai, CHN, 201803

Website

https://www.kdl-int.com

Shanghai INT Medical Instruments Co Ltd formerly Shanghai Kindly Medical Instruments Co Ltd is a manufacturer of cardiovascular interventional devices, which are mainly used in cardiovascular surgeries, and in particular, PCI procedures in China. It is engaged in the sales, manufacture, research, and development of cardiovascular interventional medical devices as well as related accessories and molds. It is also engaged in the research and development of other interventional and implantable medical devices, such as neurological interventional medical devices and endocardia implantable medical devices, among others. Geographically, it has operations in Mainland China, Europe, the United States, and Other countries.

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