The historical rank and industry rank for Angelalign Technology's Days Inventory or its related term are showing as below:
HKSE:06699'
s Days Inventory Range Over the Past 10 Years
Min: 19.49 Med: 40.29 Max: 71.73
Current: 71.73
During the past 6 years, Angelalign Technology's highest Days Inventory was 71.73. The lowest was 19.49. And the median was 40.29.
HKSE:06699's Days Inventory is ranked better than 91.4% of 779
companies
in the Medical Devices & Instruments industry
Industry Median: 193.31
vs HKSE:06699: 71.73
Angelalign Technology's Days Inventory
declined
from Dec. 2022 (64.72) to Dec. 2023 (63.45).
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.
Angelalign Technology's Inventory Turnover for the
six
months ended in Dec. 2023 was 2.88.
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.
Angelalign Technology's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.12.
Angelalign Technology Days Inventory Historical Data
The historical data trend for Angelalign Technology'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.
Competitive Comparison of Angelalign Technology's Days Inventory
For the Medical Instruments & Supplies subindustry, Angelalign Technology'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.
Angelalign Technology's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Angelalign Technology's Days Inventory distribution charts can be found below:
* The bar in red indicates where Angelalign Technology's Days Inventory falls into.
Angelalign Technology Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Angelalign Technology's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Angelalign Technology (HKSE:06699) 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.
Angelalign Technology's Inventory Turnover for the
six
months ended in Dec. 2023 is calculated as
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.
Angelalign Technology's Inventory to Revenue for the
six
months ended in Dec. 2023 is calculated as
* 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.
Angelalign Technology Days Inventory Related Terms
Thank you for viewing the detailed overview of Angelalign Technology's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Angelalign Technology (HKSE:06699) Business Description
Angelalign Technology Inc is an investment holding company. It is principally engaged in clear aligner treatment solutions including treatment planning services, manufacturing, and marketing of clear aligners. The company provides dental professionals with self-developed digital orthodontics solutions. The company's Angelalign clear aligner system facilitates dental professionals throughout the entire clear aligner treatment process, including digitally-assisted case assessment support and treatment planning services, provide dental professionals with digitally-assisted case assessment support and treatment planning services, and helps dental professionals design, review and modify treatment plans.
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