Ramsay Health Care (ASX:RHC) Days Inventory : 38.85 (As of Dec. 2023)

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What is Ramsay Health Care Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ramsay Health Care's Average Total Inventories for the six months ended in Dec. 2023 was A$386 Mil. Ramsay Health Care's Cost of Goods Sold for the six months ended in Dec. 2023 was A$1,815 Mil. Hence, Ramsay Health Care's Days Inventory for the six months ended in Dec. 2023 was 38.85.

The historical rank and industry rank for Ramsay Health Care's Days Inventory or its related term are showing as below:

ASX:RHC' s Days Inventory Range Over the Past 10 Years
Min: 30.56 Med: 42.36 Max: 50.65
Current: 39.61

During the past 13 years, Ramsay Health Care's highest Days Inventory was 50.65. The lowest was 30.56. And the median was 42.36.

ASX:RHC's Days Inventory is ranked worse than
56.38% of 470 companies
in the Healthcare Providers & Services industry
Industry Median: 32.7 vs ASX:RHC: 39.61

Ramsay Health Care's Days Inventory declined from Dec. 2022 (44.37) to Dec. 2023 (38.85).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ramsay Health Care's Inventory Turnover for the six months ended in Dec. 2023 was 4.70.

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. Ramsay Health Care's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.05.

Ramsay Health Care Days Inventory Historical Data

The historical data trend for Ramsay Health Care'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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Ramsay Health Care Days Inventory Chart

Ramsay Health Care Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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43.72

50.65

49.76

46.17

41.73

Ramsay Health Care 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															48.61	45.84	44.37	40.40	38.85

Competitive Comparison of Ramsay Health Care's Days Inventory

For the Medical Care Facilities subindustry, Ramsay Health Care'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.

Ramsay Health Care's Days Inventory Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Ramsay Health Care's Days Inventory falls into.

Ramsay Health Care Days Inventory Calculation

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

Ramsay Health Care'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
=	( (376.8	+	388.6)	/	2 )	/	3347.7	*	365
=	382.7					/	3347.7	*	365
=	41.73

Ramsay Health Care'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
=	( (388.6	+	383.9)	/	2 )	/	1814.5	*	365 / 2
=	386.25					/	1814.5	*	365 / 2
=	38.85

Ramsay Health Care (ASX:RHC) 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.

Ramsay Health Care's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1814.5	/	386.25
	=	4.70

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.

Ramsay Health Care's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	386.25	/	8085.1
	=	0.05

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.

Ramsay Health Care Days Inventory Related Terms

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

Ramsay Health Care (ASX:RHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ramsay Health Care Ltd (ASX:RHC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

RMYHY:USA RMSYF:USA RMY:Germany RHCPA.PFD:Australia

Address

126 Phillip Street, Suite 18.03, Level 18, Deutsche Bank Place, Sydney, NSW, AUS, 2000

Website

https://www.ramsayhealth.com

Ramsay Health Care is one of the largest private healthcare providers in the world, with over 460 facilities across 10 countries. The key markets in which it operates are Australia, France, the U.K., and Sweden. It is the largest private hospital group in each of these markets except for the U.K. where it ranks fifth. Ramsay Sante, which operates the European regions other than the U.K., is a 52.5%-owned subsidiary of Ramsay Health Care. The company typically earns about 60% of consolidated earnings in Australia and 30% in France. Ramsay Health Care undertakes both private and publicly funded healthcare.

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