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MicroTech Medical (Hangzhou) Co (HKSE:02235) Days Inventory : 120.27 (As of Dec. 2023)


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What is MicroTech Medical (Hangzhou) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). MicroTech Medical (Hangzhou) Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$51.8 Mil. MicroTech Medical (Hangzhou) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$78.7 Mil. Hence, MicroTech Medical (Hangzhou) Co's Days Inventory for the six months ended in Dec. 2023 was 120.27.

The historical rank and industry rank for MicroTech Medical (Hangzhou) Co's Days Inventory or its related term are showing as below:

HKSE:02235' s Days Inventory Range Over the Past 10 Years
Min: 113.49   Med: 125.01   Max: 209.91
Current: 159.03

During the past 5 years, MicroTech Medical (Hangzhou) Co's highest Days Inventory was 209.91. The lowest was 113.49. And the median was 125.01.

HKSE:02235's Days Inventory is ranked better than
61.67% of 780 companies
in the Medical Devices & Instruments industry
Industry Median: 192.715 vs HKSE:02235: 159.03

MicroTech Medical (Hangzhou) Co's Days Inventory declined from Dec. 2022 (234.75) to Dec. 2023 (120.27).

Inventory Turnover measures how fast the company turns over its inventory within a year. MicroTech Medical (Hangzhou) Co's Inventory Turnover for the six months ended in Dec. 2023 was 1.52.

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. MicroTech Medical (Hangzhou) Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.34.

MicroTech Medical (Hangzhou) Co Days Inventory Historical Data

The historical data trend for MicroTech Medical (Hangzhou) 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.

* Premium members only.

MicroTech Medical (Hangzhou) Co Days Inventory Chart

MicroTech Medical (Hangzhou) Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
113.49 125.01 117.86 209.91 161.70

MicroTech Medical (Hangzhou) Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial 118.50 220.28 234.75 208.29 120.27

Competitive Comparison of MicroTech Medical (Hangzhou) Co's Days Inventory

For the Medical Devices subindustry, MicroTech Medical (Hangzhou) 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.

MicroTech Medical (Hangzhou) Co's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MicroTech Medical (Hangzhou) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where MicroTech Medical (Hangzhou) Co's Days Inventory falls into.


MicroTech Medical (Hangzhou) Co Days Inventory Calculation

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

MicroTech Medical (Hangzhou) 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
=( (75.194 + 46.064) / 2 ) / 136.859*365
=60.629 / 136.859*365
=161.70

MicroTech Medical (Hangzhou) 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
=( (57.628 + 46.064) / 2 ) / 78.67*365 / 2
=51.846 / 78.67*365 / 2
=120.27

* 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.

MicroTech Medical (Hangzhou) Co  (HKSE:02235) 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.

MicroTech Medical (Hangzhou) Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=78.67 / 51.846
=1.52

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.

MicroTech Medical (Hangzhou) Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=51.846 / 150.43
=0.34

* 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.

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.

MicroTech Medical (Hangzhou) Co Days Inventory Related Terms

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

MicroTech Medical (Hangzhou) Co (HKSE:02235) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MicroTech Medical (Hangzhou) Co Ltd (HKSE:02235) » Definitions » Days Inventory
Comparable Companies
HKSE:02500 HKSE:01696 HKSE:06118 HKSE:06609 HKSE:02170 HKSE:02297 HKSE:02216 HKSE:02393 HKSE:01612 HKSE:02190 ABT SYK MDT BSX SZSE:300760 EW DXCM ZBH STE XAMS:PHIA
Traded in Other Exchanges
N/A
Address
No. 108 Liuze Street, Cangqian Street, Yuhang District, Zhejiang Province, Hangzhou, CHN
Website
https://www.microtechmd.com
MicroTech Medical (Hangzhou) Co Ltd is engaged in the research and development and manufacturing and commercialization of diabetes management, providing both diabetes treatment and diabetes monitoring medical devices to improve diabetes management in China and the rest of the world. The company derives a majority of its revenue from China.

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