Sipai Health Technology Co (HKSE:00314) Days Inventory : 23.69 (As of Dec. 2023)

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What is Sipai Health Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sipai Health Technology Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$295 Mil. Sipai Health Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,272 Mil. Hence, Sipai Health Technology Co's Days Inventory for the six months ended in Dec. 2023 was 23.69.

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

HKSE:00314' s Days Inventory Range Over the Past 10 Years
Min: 22.6 Med: 27.76 Max: 30.78
Current: 23.37

During the past 3 years, Sipai Health Technology Co's highest Days Inventory was 30.78. The lowest was 22.60. And the median was 27.76.

HKSE:00314's Days Inventory is ranked better than
85.11% of 94 companies
in the Medical Distribution industry
Industry Median: 61.46 vs HKSE:00314: 23.37

Sipai Health Technology Co's Days Inventory declined from Dec. 2022 (24.70) to Dec. 2023 (23.69).

Inventory Turnover measures how fast the company turns over its inventory within a year. Sipai Health Technology Co's Inventory Turnover for the six months ended in Dec. 2023 was 7.70.

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. Sipai Health Technology Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.12.

Sipai Health Technology Co Days Inventory Historical Data

The historical data trend for Sipai Health Technology Co'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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Sipai Health Technology Co Days Inventory Chart

Sipai Health Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

30.78

27.76

22.60

Sipai Health Technology Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	-	29.98	24.70	23.82	23.69

Competitive Comparison of Sipai Health Technology Co's Days Inventory

For the Medical Distribution subindustry, Sipai Health Technology Co'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.

Sipai Health Technology Co's Days Inventory Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Sipai Health Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sipai Health Technology Co's Days Inventory falls into.

Sipai Health Technology Co Days Inventory Calculation

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

Sipai Health Technology Co'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
=	( (313.051	+	269.133)	/	2 )	/	4700.415	*	365
=	291.092					/	4700.415	*	365
=	22.60

Sipai Health Technology Co'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
=	( (320.867	+	269.133)	/	2 )	/	2272.372	*	365 / 2
=	295					/	2272.372	*	365 / 2
=	23.69

Sipai Health Technology Co (HKSE:00314) 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.

Sipai Health Technology Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2272.372	/	295
	=	7.70

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.

Sipai Health Technology Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	295	/	2487.418
	=	0.12

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.

Sipai Health Technology Co Days Inventory Related Terms

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

Sipai Health Technology Co (HKSE:00314) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Sipai Health Technology Co Ltd (HKSE:00314) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AX1:Germany

Address

No. 1888, Caoyang Road, 7/F, Building 3, Xingguangyao Plaza, Putuo District, Shanghai, CHN

Website

https://www.medbankshealthtech.com

Sipai Health Technology Co Ltd is a medical technology and health management company in China. It has three reportable operating segments: Specialty Pharmacy Business - operation and distribution of specialty pharmacy stores and pharmaceutical products; Physician Research Assistance Business - offering pharmaceutical companies and other clinical trial institutions site management organization services; Health Insurance Services Business - rendering insurance brokerage services to insurance companies. The company generates key revenue from Specialty Pharmacy Business. Almost all of the company's revenues were derived from operations in the PRC.

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