Days Inventory is also known as Days Sales of Inventory (DSI). MediNet Group's Average Total Inventories for the
three
months ended in Sep. 2023 was HK$0.5 Mil. MediNet Group's Cost of Goods Sold for the
three
months ended in Sep. 2023 was HK$15.1 Mil.
Hence, MediNet Group's Days Inventory for the
three
months ended in Sep. 2023 was 3.19.
The historical rank and industry rank for MediNet Group's Days Inventory or its related term are showing as below:
HKSE:08161'
s Days Inventory Range Over the Past 10 Years
Min: 2.75 Med: 3.95 Max: 63.43
Current: 2.75
During the past 10 years, MediNet Group's highest Days Inventory was 63.43. The lowest was 2.75. And the median was 3.95.
HKSE:08161's Days Inventory is ranked better than 93.36% of 467
companies
in the Healthcare Providers & Services industry
Industry Median: 32.13
vs HKSE:08161: 2.75
MediNet Group's Days Inventory
increased
from Sep. 2022 (2.56) to Sep. 2023 (3.19).
It might indicate that MediNet Group's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
MediNet Group's Inventory Turnover for the
three
months ended in Sep. 2023 was 28.57.
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.
MediNet Group's Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 0.02.
MediNet Group Days Inventory Historical Data
The historical data trend for MediNet Group'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 MediNet Group's Days Inventory
For the Medical Care Facilities subindustry, MediNet Group'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.
MediNet Group's Days Inventory Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, MediNet Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where MediNet Group's Days Inventory falls into.
MediNet Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
MediNet Group's Days Inventory for the fiscal year that ended in Mar. 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.
MediNet Group (HKSE:08161) 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.
MediNet Group's Inventory Turnover for the
three
months ended in Sep. 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.
MediNet Group's Inventory to Revenue for the
three
months ended in Sep. 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.
MediNet Group Days Inventory Related Terms
Thank you for viewing the detailed overview of MediNet Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
MediNet Group Ltd is a provider of corporate healthcare solutions in Hong Kong. The company's operating segment includes Dental business and Medical business. The Dental segment offer dental solutions and dental services by dental clinics owned and operated by the group. Its Medical segment provide outpatient general services and men's health treatments services. It offers services to both plan members and self-paid patient. The company generates revenue by providing Dental business.
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