Jin Medical International (Jin Medical International) Days Inventory : 167.09 (As of Sep. 2023)

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What is Jin Medical International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jin Medical International's Average Total Inventories for the six months ended in Sep. 2023 was $5.78 Mil. Jin Medical International's Cost of Goods Sold for the six months ended in Sep. 2023 was $6.31 Mil. Hence, Jin Medical International's Days Inventory for the six months ended in Sep. 2023 was 167.09.

The historical rank and industry rank for Jin Medical International's Days Inventory or its related term are showing as below:

ZJYL' s Days Inventory Range Over the Past 10 Years
Min: 164.87 Med: 183.56 Max: 238.33
Current: 170.67

During the past 4 years, Jin Medical International's highest Days Inventory was 238.33. The lowest was 164.87. And the median was 183.56.

ZJYL's Days Inventory is ranked better than
56.68% of 778 companies
in the Medical Devices & Instruments industry
Industry Median: 191.615 vs ZJYL: 170.67

Jin Medical International's Days Inventory declined from Sep. 2022 (201.06) to Sep. 2023 (167.09).

Inventory Turnover measures how fast the company turns over its inventory within a year. Jin Medical International's Inventory Turnover for the six months ended in Sep. 2023 was 1.09.

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. Jin Medical International's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.60.

Jin Medical International Days Inventory Historical Data

The historical data trend for Jin Medical International'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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Jin Medical International Days Inventory Chart

Jin Medical International Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Days Inventory

238.33

175.84

191.28

164.87

Jin Medical International Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			146.36	213.71	201.06	179.64	167.09

Competitive Comparison of Jin Medical International's Days Inventory

For the Medical Instruments & Supplies subindustry, Jin Medical International'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.

Jin Medical International's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Jin Medical International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jin Medical International's Days Inventory falls into.

Jin Medical International Days Inventory Calculation

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

Jin Medical International's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (6.724	+	5.053)	/	2 )	/	13.036	*	365
=	5.8885					/	13.036	*	365
=	164.87

Jin Medical International'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
=	( (6.509	+	5.053)	/	2 )	/	6.314	*	365 / 2
=	5.781					/	6.314	*	365 / 2
=	167.09

Jin Medical International (NAS:ZJYL) 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.

Jin Medical International's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.314	/	5.781
	=	1.09

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.

Jin Medical International's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.781	/	9.568
	=	0.60

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.

Jin Medical International Days Inventory Related Terms

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

Jin Medical International (Jin Medical International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Jin Medical International Ltd (NAS:ZJYL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 33 Lingxiang Road,, Wujin District, Jiangsu Province, Changzhou City, CHN, KY1-1205

Website

Jin Medical International Ltd offers rehabilitation equipment. It is primarily engaged in the design, development, manufacturing, and sales of wheelchair and other living aids products to be used by people with disabilities or impaired mobility. The Company's products are sold to distributors in both China and in overseas markets. Its product offerings comprise Wheelechaire serirs, Bath products, oxygen machines, nursing products, and conlo products.