C-Mer Eye Care Holdings (HKSE:03309) Days Inventory : 10.63 (As of Dec. 2023)

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What is C-Mer Eye Care Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). C-Mer Eye Care Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$38 Mil. C-Mer Eye Care Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$655 Mil. Hence, C-Mer Eye Care Holdings's Days Inventory for the six months ended in Dec. 2023 was 10.63.

The historical rank and industry rank for C-Mer Eye Care Holdings's Days Inventory or its related term are showing as below:

HKSE:03309' s Days Inventory Range Over the Past 10 Years
Min: 4.55 Med: 10.75 Max: 13.04
Current: 11.91

During the past 10 years, C-Mer Eye Care Holdings's highest Days Inventory was 13.04. The lowest was 4.55. And the median was 10.75.

HKSE:03309's Days Inventory is ranked better than
78.72% of 470 companies
in the Healthcare Providers & Services industry
Industry Median: 32.575 vs HKSE:03309: 11.91

C-Mer Eye Care Holdings's Days Inventory declined from Dec. 2022 (16.24) to Dec. 2023 (10.63).

Inventory Turnover measures how fast the company turns over its inventory within a year. C-Mer Eye Care Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 17.16.

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. C-Mer Eye Care Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.04.

C-Mer Eye Care Holdings Days Inventory Historical Data

The historical data trend for C-Mer Eye Care Holdings'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.

C-Mer Eye Care Holdings Days Inventory Chart

C-Mer Eye Care Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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11.05

12.50

13.04

12.05

12.62

C-Mer Eye Care Holdings Semi-Annual Data
	Dec14	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													14.32	14.00	16.24	12.47	10.63

Competitive Comparison of C-Mer Eye Care Holdings's Days Inventory

For the Medical Care Facilities subindustry, C-Mer Eye Care Holdings'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.

C-Mer Eye Care Holdings's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, C-Mer Eye Care Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where C-Mer Eye Care Holdings's Days Inventory falls into.

C-Mer Eye Care Holdings Days Inventory Calculation

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

C-Mer Eye Care Holdings'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
=	( (51.378	+	38.849)	/	2 )	/	1305.002	*	365
=	45.1135					/	1305.002	*	365
=	12.62

C-Mer Eye Care Holdings'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
=	( (37.471	+	38.849)	/	2 )	/	654.891	*	365 / 2
=	38.16					/	654.891	*	365 / 2
=	10.63

C-Mer Eye Care Holdings (HKSE:03309) 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.

C-Mer Eye Care Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	654.891	/	38.16
	=	17.16

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.

C-Mer Eye Care Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	38.16	/	973.701
	=	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.

C-Mer Eye Care Holdings Days Inventory Related Terms

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

C-Mer Eye Care Holdings (HKSE:03309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » C-Mer Eye Care Holdings Ltd (HKSE:03309) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-3 Pedder Street, Suite 1335, Central Building, Central, Hong Kong, HKG

Website

https://www.cmereye.com

C-Mer Eye Care Holdings Ltd provides general medical and surgical hospital services. It provides ophthalmic health care, diagnosis, treatment, surgical treatment services, and the sale of vision aid and pharmaceutical products in Hong Kong and the People's Republic of China. The company offers cataract, cornea, and ocular surface diseases, glaucoma, vitreoretinal and macular diseases, other eye diseases diagnosis and treatment services, and Chinese medicine treatment of eye diseases. Its segments include Sales of medical consumables, Mainland China ophthalmic business and Mainland China dental business. It generates a vast majority of its revenue from the provision of the ophthalmic services segment.

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