BIMI International Medical (BIMI International Medical) Days Inventory : 270.38 (As of Sep. 2023)

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What is BIMI International Medical Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). BIMI International Medical's Average Total Inventories for the three months ended in Sep. 2023 was $7.14 Mil. BIMI International Medical's Cost of Goods Sold for the three months ended in Sep. 2023 was $2.41 Mil. Hence, BIMI International Medical's Days Inventory for the three months ended in Sep. 2023 was 270.38.

The historical rank and industry rank for BIMI International Medical's Days Inventory or its related term are showing as below:

BIMI' s Days Inventory Range Over the Past 10 Years
Min: 25.79 Med: 173.94 Max: 417.66
Current: 306.04

During the past 13 years, BIMI International Medical's highest Days Inventory was 417.66. The lowest was 25.79. And the median was 173.94.

BIMI's Days Inventory is ranked worse than
95.74% of 469 companies
in the Healthcare Providers & Services industry
Industry Median: 32.49 vs BIMI: 306.04

BIMI International Medical's Days Inventory increased from Sep. 2022 (45.94) to Sep. 2023 (270.38). It might indicate that BIMI International Medical's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. BIMI International Medical's Inventory Turnover for the three months ended in Sep. 2023 was 0.34.

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. BIMI International Medical's Inventory-to-Revenue for the three months ended in Sep. 2023 was 2.83.

BIMI International Medical Days Inventory Historical Data

The historical data trend for BIMI International Medical'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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BIMI International Medical Days Inventory Chart

BIMI International Medical Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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25.79

28.73

182.74

BIMI International Medical Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															45.94	425.77	487.69	266.99	270.38

Competitive Comparison of BIMI International Medical's Days Inventory

For the Pharmaceutical Retailers subindustry, BIMI International Medical'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.

BIMI International Medical's Days Inventory Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where BIMI International Medical's Days Inventory falls into.

BIMI International Medical Days Inventory Calculation

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

BIMI International Medical's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (2.239	+	7.654)	/	2 )	/	9.88	*	365
=	4.9465					/	9.88	*	365
=	182.74

BIMI International Medical's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (7.183	+	7.087)	/	2 )	/	2.408	*	365 / 4
=	7.135					/	2.408	*	365 / 4
=	270.38

BIMI International Medical (NAS:BIMI) 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.

BIMI International Medical's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.408	/	7.135
	=	0.34

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.

BIMI International Medical's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.135	/	2.523
	=	2.83

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.

BIMI International Medical Days Inventory Related Terms

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

BIMI International Medical (BIMI International Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » BIMI International Medical Inc (NAS:BIMI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chongqing Corporation Avenue, 9th Floor, Building 2, Yuzhong District, Chongqing, CHN, 400010

Website

https://www.usbimi.com

BIMI International Medical Inc is a healthcare product and provider, offering a broad range of healthcare products and related services and operates private hospitals in China. The company is engaged in four business segments, Pharmaceuticals wholesale, Medical devices wholesale, Medical services, and Pharmacy retail. It generates maximum revenue from the pharmaceuticals wholesale segment. It mainly sources its products from large state-owned pharmaceutical manufacturers and wholesalers and mid-sized or small private pharmaceutical manufacturers and wholesalers. The Company's revenues were generated in the PRC.

Executives

Ang Sammi Ean Seok	director	2658 VISTA MONTE CIRCLE, CHINO HILLS CA 91709
Fnu Oudom	director	7700 IRVINE CENTRE DRIVE, SUITE 800, IRVINE CA 92618
Xiaoping Wang	director	ROOM 4-6,NO.88-4 HUAYAN FIRST VILLAGE, SHAPINGBA DISTRICT, CHONGQING F4 400037
Baiqun Zhong	officer: CFO	1-7, NO.27, HUAYAN NEW VILLAGE, JIULONGPO DISTRICT, CHONGQING F4 400039
Zhang Tingting	director, officer: Chief Financial Officer	3708, FULI CENTER, NO.6 GANGXING ROOD, ZHANGSHANG DISTRICT, DALIAN, LIAONING F4 116001
Song Tiewei	director	17 FLOOR, FULI CENTER NO.6,GANGXING ROOD, ZHANGSHANG DISTRICT, DALIAN, LIAONING F4 116001
Yongquan Bi	10 percent owner	ROOM 3708, WANDA PLACE, 6 GANGWAN ROAD, ZHONGSHAN DISTRICT, DALIAN CITY, LIAONING PROVINCE F4 116001
Wang Lihua	director, 10 percent owner, officer: Chief Financial Officer	NO 4 4 12 58 BAJING ROAD, HEPING DISTRICT SHENYANG CITY, LIAONING PROVINCW F4 110003
Li Gang	director, 10 percent owner, officer: President and CEO	19B3 62 WEST HINHE ROAD, SHENHE DISTRICT SHENYANG CITY, LIAONING PROVINCE F4 110000
Jiuding Yan	director	C/O NF ENERGY SAVING CORPORATION, 21 - JIA BEI SI DONG ROAD, SHENYANG F4 110021
Lesley Jin	director	C/O NF ENERGY SAVING CORPORATION, 21 - JIA BEI SI DONG ROAD, SHENYANG F4 110021
Maclean John Coleman	director	112 E 4TH AVE, SUITE 206, OLYMPIA WA 98501
Zhongmin Wang	director	C/O NF ENERGY SAVING CORPORATION, 21 - JIA BEI SI DONG ROAD, SHENYANG F4 110021
Jianxin Wang	director	C/O NF ENERGY SAVING CORPORATION, 21 - JIA BEI SI DONG ROAD, TIE XI QU, SHENYANG F4 110021
Mia Kuang Ching	director	C/O NF ENERGY SAVING CORPORATION, 21 - JIA BEI SI DONG ROAD, TIE XI QU, SHENYANG F4 110021