Alliance Healthcare Group (SGX:MIJ) Days Inventory : 57.69 (As of Dec. 2023)

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What is Alliance Healthcare Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Alliance Healthcare Group's Average Total Inventories for the six months ended in Dec. 2023 was S$3.31 Mil. Alliance Healthcare Group's Cost of Goods Sold for the six months ended in Dec. 2023 was S$10.47 Mil. Hence, Alliance Healthcare Group's Days Inventory for the six months ended in Dec. 2023 was 57.69.

The historical rank and industry rank for Alliance Healthcare Group's Days Inventory or its related term are showing as below:

SGX:MIJ' s Days Inventory Range Over the Past 10 Years
Min: 37.55 Med: 54.12 Max: 58.48
Current: 56.09

During the past 8 years, Alliance Healthcare Group's highest Days Inventory was 58.48. The lowest was 37.55. And the median was 54.12.

SGX:MIJ's Days Inventory is ranked worse than
68.88% of 466 companies
in the Healthcare Providers & Services industry
Industry Median: 31.825 vs SGX:MIJ: 56.09

Alliance Healthcare Group's Days Inventory increased from Dec. 2022 (49.03) to Dec. 2023 (57.69). It might indicate that Alliance Healthcare Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Alliance Healthcare Group's Inventory Turnover for the six months ended in Dec. 2023 was 3.16.

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. Alliance Healthcare Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.10.

Alliance Healthcare Group Days Inventory Historical Data

The historical data trend for Alliance Healthcare 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.

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Alliance Healthcare Group Days Inventory Chart

Alliance Healthcare Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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45.72

53.47

58.48

54.76

56.23

Alliance Healthcare Group Semi-Annual Data
	Jun16	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial									51.29	59.47	49.03	56.05	57.69

Competitive Comparison of Alliance Healthcare Group's Days Inventory

For the Medical Care Facilities subindustry, Alliance Healthcare 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.

Alliance Healthcare Group's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Alliance Healthcare Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Alliance Healthcare Group's Days Inventory falls into.

Alliance Healthcare Group Days Inventory Calculation

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

Alliance Healthcare Group's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (2.424	+	3.202)	/	2 )	/	18.261	*	365
=	2.813					/	18.261	*	365
=	56.23

Alliance Healthcare Group'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
=	( (3.202	+	3.419)	/	2 )	/	10.472	*	365 / 2
=	3.3105					/	10.472	*	365 / 2
=	57.69

Alliance Healthcare Group (SGX:MIJ) 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.

Alliance Healthcare Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10.472	/	3.3105
	=	3.16

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.

Alliance Healthcare Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.3105	/	33.671
	=	0.10

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.

Alliance Healthcare Group Days Inventory Related Terms

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

Alliance Healthcare Group (SGX:MIJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Alliance Healthcare Group Ltd (SGX:MIJ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Bukit Batok Crescent, No.07-12 The Elitist, Singapore, SGP, 658066

Website

https://www.alliancehealthcare.com.sg

Alliance Healthcare Group Ltd is an investment holding company. The segments of the company involve General Practitioner ("GP") clinic services, Specialist care services, Pharmaceutical services, Managed healthcare solutions; and Mobile and digital health services. It generates maximum revenue from the GP clinic services segment. The GP clinic services segment is in the business of the provision of primary healthcare medical services by general practitioners. Geographically, it derives a majority of revenue from Singapore and also has a presence in Europe and the Asia Pacific Region.

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