The historical rank and industry rank for Progressive Care's Days Inventory or its related term are showing as below:
RXMD'
s Days Inventory Range Over the Past 10 Years
Min: 9.14 Med: 10.86 Max: 20.39
Current: 20.39
During the past 13 years, Progressive Care's highest Days Inventory was 20.39. The lowest was 9.14. And the median was 10.86.
RXMD's Days Inventory is ranked better than 64.89% of 470
companies
in the Healthcare Providers & Services industry
Industry Median: 32.7
vs RXMD: 20.39
Progressive Care's Days Inventory
increased
from Dec. 2022 (9.91) to Dec. 2023 (28.44).
It might indicate that Progressive Care's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Progressive Care's Inventory Turnover for the
three
months ended in Dec. 2023 was 3.21.
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.
Progressive Care's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.21.
Progressive Care Days Inventory Historical Data
The historical data trend for Progressive Care'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 Progressive Care's Days Inventory
For the Pharmaceutical Retailers subindustry, Progressive Care'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.
Progressive Care's Days Inventory Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Progressive Care's Days Inventory distribution charts can be found below:
* The bar in red indicates where Progressive Care's Days Inventory falls into.
Progressive Care Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Progressive Care'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.
Progressive Care (OTCPK:RXMD) 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.
Progressive Care's Inventory Turnover for the
three
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.
Progressive Care's Inventory to Revenue for the
three
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.
Progressive Care Days Inventory Related Terms
Thank you for viewing the detailed overview of Progressive Care's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Progressive Care (Progressive Care) Business Description
Progressive Care Inc is a personalized healthcare services and technology company which provides prescription pharmaceutical services, risk management, and data analytics to healthcare organizations and providers. The company through its wholly-owned subsidiary Pharmco, provides prescription pharmaceuticals, compounded medications, tele-pharmacy services, anti-retroviral medications, medication therapy management, the supply of prescription medications to long-term care facilities, and health practice risk management. It also offers certain disease testing and vaccinations. It offers services in a variety of languages, including English, Spanish, French, Creole, Portuguese, Ukrainian, and Russian.
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