Max Healthcare Institute (BOM:543220) Days Inventory : 24.43 (As of Dec. 2023)

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What is Max Healthcare Institute Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Max Healthcare Institute's Average Total Inventories for the three months ended in Dec. 2023 was ₹716 Mil. Max Healthcare Institute's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹2,673 Mil. Hence, Max Healthcare Institute's Days Inventory for the three months ended in Dec. 2023 was 24.43.

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

BOM:543220' s Days Inventory Range Over the Past 10 Years
Min: 19.11 Med: 23.76 Max: 44.35
Current: 23.93

During the past 9 years, Max Healthcare Institute's highest Days Inventory was 44.35. The lowest was 19.11. And the median was 23.76.

BOM:543220's Days Inventory is ranked better than
60.85% of 470 companies
in the Healthcare Providers & Services industry
Industry Median: 32.575 vs BOM:543220: 23.93

Max Healthcare Institute's Days Inventory declined from Dec. 2022 (24.79) to Dec. 2023 (24.43).

Inventory Turnover measures how fast the company turns over its inventory within a year. Max Healthcare Institute's Inventory Turnover for the three months ended in Dec. 2023 was 3.74.

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. Max Healthcare Institute's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.05.

Max Healthcare Institute Days Inventory Historical Data

The historical data trend for Max Healthcare Institute'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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Max Healthcare Institute Days Inventory Chart

Max Healthcare Institute Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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27.11

44.35

24.75

22.77

27.23

Max Healthcare Institute Quarterly Data
	Mar18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															24.79	28.27	25.22	23.34	24.43

Competitive Comparison of Max Healthcare Institute's Days Inventory

For the Medical Care Facilities subindustry, Max Healthcare Institute'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.

Max Healthcare Institute's Days Inventory Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Max Healthcare Institute's Days Inventory falls into.

Max Healthcare Institute Days Inventory Calculation

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

Max Healthcare Institute'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
=	( (613.6	+	762.3)	/	2 )	/	9220.1	*	365
=	687.95					/	9220.1	*	365
=	27.23

Max Healthcare Institute'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (715.6	+	0)	/	1 )	/	2672.8	*	365 / 4
=	715.6					/	2672.8	*	365 / 4
=	24.43

Max Healthcare Institute (BOM:543220) 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.

Max Healthcare Institute's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2672.8	/	715.6
	=	3.74

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.

Max Healthcare Institute's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	715.6	/	13349.7
	=	0.05

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.

Max Healthcare Institute Days Inventory Related Terms

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

Max Healthcare Institute (BOM:543220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Max Healthcare Institute Ltd (BOM:543220) » Definitions » Days Inventory

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MAXHEALTH:India

Address

Capital Cyberscape, Sector-59, 2nd Floor, Gurugram, HR, IND, 122011

Website

https://www.maxhealthcare.in

Max Healthcare Institute Ltd is a health care service provider. The company's facilities include third party healthcare providers with whom the company has entered long term service contracts for providing clinical, radiology, and pathology services. Its hospitals provide the full range of services through its Outpatient, Day Care, Emergency Room, and In-Patient departments to accommodate medical specialties as orthopedics, internal medicine, general surgery, cardiac sciences, oncology, neurosciences, and obstetrics, as well as diagnostics. The group primarily derives revenue from India.

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