Zhaoke Ophthalmology (HKSE:06622) Days Inventory : 277.86 (As of Dec. 2023)

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What is Zhaoke Ophthalmology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zhaoke Ophthalmology's Average Total Inventories for the six months ended in Dec. 2023 was HK$5.58 Mil. Zhaoke Ophthalmology's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3.67 Mil. Hence, Zhaoke Ophthalmology's Days Inventory for the six months ended in Dec. 2023 was 277.86.

The historical rank and industry rank for Zhaoke Ophthalmology's Days Inventory or its related term are showing as below:

HKSE:06622' s Days Inventory Range Over the Past 10 Years
Min: 413.77 Med: 497.81 Max: 497.81
Current: 413.77

During the past 5 years, Zhaoke Ophthalmology's highest Days Inventory was 497.81. The lowest was 413.77. And the median was 497.81.

HKSE:06622's Days Inventory is ranked worse than
77.64% of 653 companies
in the Biotechnology industry
Industry Median: 193.86 vs HKSE:06622: 413.77

Zhaoke Ophthalmology's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (277.86). It might indicate that Zhaoke Ophthalmology's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhaoke Ophthalmology's Inventory Turnover for the six months ended in Dec. 2023 was 0.66.

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. Zhaoke Ophthalmology's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.69.

Zhaoke Ophthalmology Days Inventory Historical Data

The historical data trend for Zhaoke Ophthalmology'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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Zhaoke Ophthalmology Days Inventory Chart

Zhaoke Ophthalmology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

497.81

Zhaoke Ophthalmology Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial				-	-	-	645.42	277.86

Competitive Comparison of Zhaoke Ophthalmology's Days Inventory

For the Biotechnology subindustry, Zhaoke Ophthalmology'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.

Zhaoke Ophthalmology's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Zhaoke Ophthalmology's Days Inventory distribution charts can be found below:

* The bar in red indicates where Zhaoke Ophthalmology's Days Inventory falls into.

Zhaoke Ophthalmology Days Inventory Calculation

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

Zhaoke Ophthalmology'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
=	( (0	+	6.717)	/	1 )	/	4.925	*	365
=	6.717					/	4.925	*	365
=	497.81

Zhaoke Ophthalmology'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
=	( (4.449	+	6.717)	/	2 )	/	3.667	*	365 / 2
=	5.583					/	3.667	*	365 / 2
=	277.86

Zhaoke Ophthalmology (HKSE:06622) 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.

Zhaoke Ophthalmology's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.667	/	5.583
	=	0.66

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.

Zhaoke Ophthalmology's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.583	/	8.144
	=	0.69

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.

Zhaoke Ophthalmology Days Inventory Related Terms

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

Zhaoke Ophthalmology (HKSE:06622) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Zhaoke Ophthalmology Ltd (HKSE:06622) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Meide 3rd Road, Pearl River Industrial Park, Nansha District, Guangdong Province, Guangzhou, CHN

Website

https://www.zkoph.com

Zhaoke Ophthalmology Ltd is an ophthalmic pharmaceutical company. It is dedicated to the research, development, and commercialization of therapies that address unmet medical needs in China. The company has built a comprehensive ophthalmic drug pipeline of 26 candidates that covers ocular indications affecting the front and the back of the eye, through either in-house development or in-licensing. It has also established an ophthalmic manufacturing facility and is assembling an experienced marketing team in anticipation of a near-term product launch.

Executives

Mak Siu Hang Viola	2201 Interest of corporation controlled by you
Apstar Investment Pte Ltd	2201 Interest of corporation controlled by you
Coyote Investment Pte Ltd	2101 Beneficial owner
Gic (ventures) Pte. Ltd.	2201 Interest of corporation controlled by you
Gic Special Investments Private Limited	2102 Investment manager
Gic Private Limited	2201 Interest of corporation controlled by you
Fidelity China Special Situations Plc	2101 Beneficial owner
Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Citigroup Inc.	2502 Approved lending agent
Vms Holdings Limited	2201 Interest of corporation controlled by you
Lee's Pharmaceutical Holdings Limited	2201 Interest of corporation controlled by you
Tpg Asia Genpar Vii, L.p.	2201 Interest of corporation controlled by you
Tpg Holdings Iii-a, L.p.	2201 Interest of corporation controlled by you

Zhaoke Ophthalmology (HKSE:06622) Headlines

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