Econ Healthcare (Asia) (SGX:EHG) Days Inventory : 0.46 (As of Sep. 2023)

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What is Econ Healthcare (Asia) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Econ Healthcare (Asia)'s Average Total Inventories for the six months ended in Sep. 2023 was S$0.01 Mil. Econ Healthcare (Asia)'s Cost of Goods Sold for the six months ended in Sep. 2023 was S$3.34 Mil. Hence, Econ Healthcare (Asia)'s Days Inventory for the six months ended in Sep. 2023 was 0.46.

The historical rank and industry rank for Econ Healthcare (Asia)'s Days Inventory or its related term are showing as below:

SGX:EHG' s Days Inventory Range Over the Past 10 Years
Min: 0.52 Med: 0.69 Max: 0.84
Current: 0.61

During the past 7 years, Econ Healthcare (Asia)'s highest Days Inventory was 0.84. The lowest was 0.52. And the median was 0.69.

SGX:EHG's Days Inventory is ranked better than
97.66% of 470 companies
in the Healthcare Providers & Services industry
Industry Median: 32.575 vs SGX:EHG: 0.61

Econ Healthcare (Asia)'s Days Inventory declined from Sep. 2022 (0.89) to Sep. 2023 (0.46).

Inventory Turnover measures how fast the company turns over its inventory within a year. Econ Healthcare (Asia)'s Inventory Turnover for the six months ended in Sep. 2023 was 392.71.

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. Econ Healthcare (Asia)'s Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.00.

Econ Healthcare (Asia) Days Inventory Historical Data

The historical data trend for Econ Healthcare (Asia)'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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Econ Healthcare (Asia) Days Inventory Chart

Econ Healthcare (Asia) Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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0.52

0.70

0.84

0.68

Econ Healthcare (Asia) Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial						0.72	0.68	0.89	0.74	0.46

Competitive Comparison of Econ Healthcare (Asia)'s Days Inventory

For the Medical Care Facilities subindustry, Econ Healthcare (Asia)'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.

Econ Healthcare (Asia)'s Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Econ Healthcare (Asia)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Econ Healthcare (Asia)'s Days Inventory falls into.

Econ Healthcare (Asia) Days Inventory Calculation

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

Econ Healthcare (Asia)'s Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.013	+	0.01)	/	2 )	/	6.188	*	365
=	0.0115					/	6.188	*	365
=	0.68

Econ Healthcare (Asia)'s Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.01	+	0.007)	/	2 )	/	3.338	*	365 / 2
=	0.0085					/	3.338	*	365 / 2
=	0.46

Econ Healthcare (Asia) (SGX:EHG) 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.

Econ Healthcare (Asia)'s Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.338	/	0.0085
	=	392.71

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.

Econ Healthcare (Asia)'s Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0085	/	24.823
	=	0.00

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.

Econ Healthcare (Asia) Days Inventory Related Terms

Thank you for viewing the detailed overview of Econ Healthcare (Asia)'s Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Econ Healthcare (Asia) (SGX:EHG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Econ Healthcare (Asia) Ltd (SGX:EHG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

160 Changi Road, No. 05-01-13, Hexacube, Singapore, SGP, 419728

Website

https://www.econhealthcare.com

Econ Healthcare (Asia) Ltd is a private nursing home operator in Singapore and Malaysia. The operating business segments are Medicare Centres and Nursing Homes and Other Operations and Ancillary Services. The company derives maximum revenue from the provision of medicare centres and the nursing home segment. Geographically it derives a majority of its revenue from Singapore.

Econ Healthcare (Asia) (SGX:EHG) Headlines

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