What is Shanghai HeartCare Medical Technology 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 HeartCare Medical Technology's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$167.2 Mil. Shanghai HeartCare Medical Technology's Revenue for the
six
months ended in Dec. 2023 was HK$134.3 Mil.
Shanghai HeartCare Medical Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.25.
Shanghai HeartCare Medical Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023
declined
from Jun. 2023 (1.34) to Jun. 2023 (1.25)
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 HeartCare Medical Technology's Days Inventory for the
six
months ended in Dec. 2023 was 720.66.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Shanghai HeartCare Medical Technology's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.25.
Shanghai HeartCare Medical Technology Inventory-to-Revenue Historical Data
* 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 HeartCare Medical Technology Inventory-to-Revenue Chart
Shanghai HeartCare Medical Technology Annual Data
Trend
Dec19
Dec20
Dec21
Dec22
Dec23
Inventory-to-Revenue
-
0.31
0.23
0.46
0.61
Shanghai HeartCare Medical Technology Semi-Annual Data
Competitive Comparison of Shanghai HeartCare Medical Technology's Inventory-to-Revenue
For the Medical Devices subindustry, Shanghai HeartCare Medical Technology'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 HeartCare Medical Technology's Inventory-to-Revenue Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Shanghai HeartCare Medical Technology's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Shanghai HeartCare Medical Technology's Inventory-to-Revenue falls into.
Shanghai HeartCare Medical Technology Inventory-to-Revenue Calculation
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.
* 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.
Shanghai HeartCare Medical Technology (HKSE:06609) 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:
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.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Shanghai HeartCare Medical Technology's Days Inventory for the
six
months ended in Dec. 2023 is calculated as:
* 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.
Shanghai HeartCare Medical Technology Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Shanghai HeartCare Medical Technology's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Shanghai HeartCare Medical Technology (HKSE:06609) Business Description
Shanghai HeartCare Medical Technology Corp Ltd is an innovative neuro-interventional medical device company. The company is committed to creating high-quality products for the prevention and treatment of stroke. Geographically, the Group's revenue is derived from Mainland China.
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