Pro Medicus (ASX:PME) Days Inventory : 65.64 (As of Dec. 2023)

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What is Pro Medicus Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pro Medicus's Average Total Inventories for the six months ended in Dec. 2023 was A$0.1 Mil. Pro Medicus's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.2 Mil. Hence, Pro Medicus's Days Inventory for the six months ended in Dec. 2023 was 65.64.

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

ASX:PME' s Days Inventory Range Over the Past 10 Years
Min: 11.01 Med: 46.66 Max: 187.41
Current: 49.8

During the past 13 years, Pro Medicus's highest Days Inventory was 187.41. The lowest was 11.01. And the median was 46.66.

ASX:PME's Days Inventory is ranked worse than
64.47% of 470 companies
in the Healthcare Providers & Services industry
Industry Median: 32.7 vs ASX:PME: 49.80

Pro Medicus's Days Inventory increased from Dec. 2022 (41.62) to Dec. 2023 (65.64). It might indicate that Pro Medicus's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pro Medicus's Inventory Turnover for the six months ended in Dec. 2023 was 2.78.

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. Pro Medicus's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

Pro Medicus Days Inventory Historical Data

The historical data trend for Pro Medicus'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.

Pro Medicus Days Inventory Chart

Pro Medicus Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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11.01

33.93

25.70

43.56

44.28

Pro Medicus Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															31.74	98.91	41.62	38.05	65.64

Competitive Comparison of Pro Medicus's Days Inventory

For the Health Information Services subindustry, Pro Medicus'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.

Pro Medicus's Days Inventory Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Pro Medicus's Days Inventory falls into.

Pro Medicus Days Inventory Calculation

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

Pro Medicus's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.077	+	0.055)	/	2 )	/	0.54400000000001	*	365
=	0.066					/	0.54400000000001	*	365
=	44.28

Pro Medicus's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.055	+	0.068)	/	2 )	/	0.17099999999999	*	365 / 2
=	0.0615					/	0.17099999999999	*	365 / 2
=	65.64

Pro Medicus (ASX:PME) 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.

Pro Medicus's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.17099999999999	/	0.0615
	=	2.78

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.

Pro Medicus's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0615	/	74.074
	=	0.00

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.

Pro Medicus Days Inventory Related Terms

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

Pro Medicus (ASX:PME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pro Medicus Ltd (ASX:PME) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

PMCUF:USA PMC:Germany

Address

450 Swan Street, Richmond, Melbourne, VIC, AUS, 3121

Website

https://www.promed.com.au

Pro Medicus is a healthcare IT company specializing in radiology imaging software. Its main product, Visage 7, is a clinical desktop application that radiologists use to view, enhance, and manipulate images from any device and make a diagnosis. Its main customers are U.S. private academic hospitals. In fiscal 2022, Pro Medicus earned 79% of revenue in North America, 16% from Australia, and the remaining 6% in Europe.