Healthcare Services Group (Healthcare Services Group) Days Inventory

: 4.90 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Healthcare Services Group's Average Total Inventories for the three months ended in Dec. 2023 was $19 Mil. Healthcare Services Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $350 Mil. Hence, Healthcare Services Group's Days Inventory for the three months ended in Dec. 2023 was 4.90.

The historical rank and industry rank for Healthcare Services Group's Days Inventory or its related term are showing as below:

HCSG' s Days Inventory Range Over the Past 10 Years
Min: 4.96 Med: 8.74 Max: 10.73
Current: 4.96

During the past 13 years, Healthcare Services Group's highest Days Inventory was 10.73. The lowest was 4.96. And the median was 8.74.

HCSG's Days Inventory is ranked better than
89.77% of 469 companies
in the Healthcare Providers & Services industry
Industry Median: 31.81 vs HCSG: 4.96

Healthcare Services Group's Days Inventory declined from Dec. 2022 (5.45) to Dec. 2023 (4.90).

Inventory Turnover measures how fast the company turns over its inventory within a year. Healthcare Services Group's Inventory Turnover for the three months ended in Dec. 2023 was 18.60.

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. Healthcare Services Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.04.

Healthcare Services Group Days Inventory Historical Data

The historical data trend for Healthcare Services Group'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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Healthcare Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

8.82

8.33

7.45

5.75

4.97

Healthcare Services Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																5.45	5.23	4.99	4.73	4.90

Competitive Comparison

For the Medical Care Facilities subindustry, Healthcare Services Group'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.

Healthcare Services Group Days Inventory Distribution

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

* The bar in red indicates where Healthcare Services Group's Days Inventory falls into.

Healthcare Services Group Days Inventory Calculation

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

Healthcare Services Group'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
=	( (21.164	+	18.479)	/	2 )	/	1456.643	*	365
=	19.8215					/	1456.643	*	365
=	4.97

Healthcare Services Group'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (19.188	+	18.479)	/	2 )	/	350.383	*	365 / 4
=	18.8335					/	350.383	*	365 / 4
=	4.90

Healthcare Services Group (NAS:HCSG) 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.

Healthcare Services Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	350.383	/	18.8335
	=	18.60

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.

Healthcare Services Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18.8335	/	423.84
	=	0.04

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.

Healthcare Services Group Days Inventory Related Terms

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

Healthcare Services Group (Healthcare Services Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Healthcare Services Group Inc (NAS:HCSG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3220 Tillman Drive, Suite 300, Bensalem, PA, USA, 19020

Website

https://www.hcsg.com

Healthcare Services Group Inc is a provider of housekeeping and facility management services to the healthcare industry. The company operates two business segments, both contributing roughly equally to the company's revenue: Housekeeping, laundry, linen, and other services; and Dietary department services. Housekeeping includes management of clients' housekeeping departments, cleaning, disinfecting and sanitizing, laundry, bed linen, and uniform services. Dietary consists of food purchasing, meal preparation, and providing dietitian consulting services. Its clients are nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States of America.

Executives

Kurt Jr Simmons	director	3220 TILLMAN DRIVE, BENSALEM PA 19020
Andrew M Brophy	officer: Acting Accounting Officer	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
John Briggs	director	3220 TILLMAN DRIVE SUITE 300, BENSALEM PA 19020
Patrick J Orr	officer: EVP & Chief Revenue Officer	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
Andrew Kush	officer: Executive Vice President	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
Dino D Ottaviano	director	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
Michael E Mcbryan	director, officer: Executive Vice President	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
Robert L Frome	director	3220 TILLMAN DRIVE SUITE 300, BENSALEM PA 19020
Laura K Grant	director	3220 TILLMAN, DRIVE, BENSALEM PA 19020
Robert J Moss	director	3220 TILLMAN DRIVE SUITE 300, BENSALEM PA 19020
Daniela Castagnino	director	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
Diane S Casey	director	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
John Christopher Shea	officer: Chief Financial Officer	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
David Hurlock	officer: Executive Vice President & COO	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
Daniel P Mccartney	director, officer: Chief Executive Officer	3220 TILLMAN DR, SUITE 300, BENSALEM PA 19020