Visionflex Group (ASX:VFX) Days Inventory : 87.59 (As of Dec. 2023)

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What is Visionflex Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Visionflex Group's Average Total Inventories for the six months ended in Dec. 2023 was A$0.65 Mil. Visionflex Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$1.35 Mil. Hence, Visionflex Group's Days Inventory for the six months ended in Dec. 2023 was 87.59.

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

ASX:VFX' s Days Inventory Range Over the Past 10 Years
Min: 107.71 Med: 201.23 Max: 201.23
Current: 107.71

During the past 9 years, Visionflex Group's highest Days Inventory was 201.23. The lowest was 107.71. And the median was 201.23.

ASX:VFX's Days Inventory is ranked worse than
84.33% of 466 companies
in the Healthcare Providers & Services industry
Industry Median: 31.825 vs ASX:VFX: 107.71

Visionflex Group's Days Inventory declined from Dec. 2022 (167.03) to Dec. 2023 (87.59).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Visionflex Group's Inventory Turnover for the six months ended in Dec. 2023 was 2.08.

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. Visionflex Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.16.

Visionflex Group Days Inventory Historical Data

The historical data trend for Visionflex 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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Visionflex Group Days Inventory Chart

Visionflex Group Annual Data

Trend

Jun15

Jun16

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Days Inventory

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201.23

Visionflex Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial													-	-	167.03	164.89	87.59

Competitive Comparison of Visionflex Group's Days Inventory

For the Health Information Services subindustry, Visionflex 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.

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

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

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

Visionflex Group Days Inventory Calculation

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

Visionflex 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
=	( (0.569	+	0.602)	/	2 )	/	1.062	*	365
=	0.5855					/	1.062	*	365
=	201.23

Visionflex 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
=	( (0.602	+	0.692)	/	2 )	/	1.348	*	365 / 2
=	0.647					/	1.348	*	365 / 2
=	87.59

Visionflex Group (ASX:VFX) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.348	/	0.647
	=	2.08

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.647	/	4.006
	=	0.16

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.

Visionflex Group Days Inventory Related Terms

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

Visionflex Group (ASX:VFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Visionflex Group Ltd (ASX:VFX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 1/8 Prosperity Parade, Warriewood, Sydney, NSW, AUS, 2102

Website

https://www.visionflex.com

Visionflex Group Ltd Formerly 1st Group Ltd is an online health portal group. The company is engaged in the provision of health care and corporate online search and appointment booking services. The firm derives revenue from Subscription fees, Usage fees, Advertising, and Setup and customization out of which Subscription fees account for the majority of its revenue. The group has acquired multiple companies to run the business smoothly. The group has two operating segments, being 1st Group and Visionflex which are both located in Australia. The company generates the majority of its revenue from 1st Group segment, which is engaged in the provision of healthcare and corporate online search and appointment booking services.

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