Sanbo Hospital Management Group (SZSE:301293) Days Inventory : 12.65 (As of Mar. 2024)

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What is Sanbo Hospital Management Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sanbo Hospital Management Group's Average Total Inventories for the three months ended in Mar. 2024 was ¥35 Mil. Sanbo Hospital Management Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥256 Mil. Hence, Sanbo Hospital Management Group's Days Inventory for the three months ended in Mar. 2024 was 12.65.

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

SZSE:301293' s Days Inventory Range Over the Past 10 Years
Min: 11.29 Med: 13.1 Max: 16.45
Current: 11.88

During the past 7 years, Sanbo Hospital Management Group's highest Days Inventory was 16.45. The lowest was 11.29. And the median was 13.10.

SZSE:301293's Days Inventory is ranked better than
79.36% of 470 companies
in the Healthcare Providers & Services industry
Industry Median: 32.575 vs SZSE:301293: 11.88

Sanbo Hospital Management Group's Days Inventory increased from Mar. 2023 (11.95) to Mar. 2024 (12.65). It might indicate that Sanbo Hospital Management Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sanbo Hospital Management Group's Inventory Turnover for the three months ended in Mar. 2024 was 7.21.

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. Sanbo Hospital Management Group's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.11.

Sanbo Hospital Management Group Days Inventory Historical Data

The historical data trend for Sanbo Hospital Management 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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Sanbo Hospital Management Group Days Inventory Chart

Sanbo Hospital Management Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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12.80

13.10

12.11

13.10

11.29

Sanbo Hospital Management Group Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															11.95	11.17	12.42	10.99	12.65

Competitive Comparison of Sanbo Hospital Management Group's Days Inventory

For the Medical Care Facilities subindustry, Sanbo Hospital Management 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.

Sanbo Hospital Management Group's Days Inventory Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Sanbo Hospital Management Group's Days Inventory falls into.

Sanbo Hospital Management Group Days Inventory Calculation

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

Sanbo Hospital Management Group's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (31.698	+	31.336)	/	2 )	/	1019.35	*	365
=	31.517					/	1019.35	*	365
=	11.29

Sanbo Hospital Management Group's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (31.336	+	39.605)	/	2 )	/	255.916	*	365 / 4
=	35.4705					/	255.916	*	365 / 4
=	12.65

Sanbo Hospital Management Group (SZSE:301293) 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.

Sanbo Hospital Management Group's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	255.916	/	35.4705
	=	7.21

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.

Sanbo Hospital Management Group's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	35.4705	/	336.93
	=	0.11

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.

Sanbo Hospital Management Group Days Inventory Related Terms

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

Sanbo Hospital Management Group (SZSE:301293) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Sanbo Hospital Management Group Ltd (SZSE:301293) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

No. 50 Yikesong, Xiangshan Road, Room 105, Building No. 23, Haidian District, Haidian District, CHN, Haidian District

Website

https://www.sbnkjt.com

Sanbo Hospital Management Group Ltd is a neurology medical group engaged in clinical medical services. It adheres to the vision of expertise in medicine, education, and research, advocates the coordinated development of medical treatment, teaching, and scientific research, and promotes the company's basic research and development in neurology. The company hosts/co-organizes several academic conferences, covering neurosurgery, neurology, anesthesia, nursing, etc., and actively promotes academic exchanges. The company has held more than 90 national, provincial and municipal continuing education projects and classes, and has trained nearly 6,000 people in total, to improve the diagnosis and treatment of neurologists at the grassroots level. The company operates in a chain of hospitals.

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