AK Medical Holdings (HKSE:01789) Days Inventory : 600.92 (As of Dec. 2023)

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What is AK Medical Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AK Medical Holdings's Average Total Inventories for the six months ended in Dec. 2023 was HK$620 Mil. AK Medical Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$188 Mil. Hence, AK Medical Holdings's Days Inventory for the six months ended in Dec. 2023 was 600.92.

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

HKSE:01789' s Days Inventory Range Over the Past 10 Years
Min: 244.66 Med: 277.58 Max: 537.43
Current: 448.26

During the past 10 years, AK Medical Holdings's highest Days Inventory was 537.43. The lowest was 244.66. And the median was 277.58.

HKSE:01789's Days Inventory is ranked worse than
85.97% of 777 companies
in the Medical Devices & Instruments industry
Industry Median: 190.88 vs HKSE:01789: 448.26

AK Medical Holdings's Days Inventory increased from Dec. 2022 (313.82) to Dec. 2023 (600.92). It might indicate that AK Medical Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. AK Medical Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 0.30.

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. AK Medical Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 1.27.

AK Medical Holdings Days Inventory Historical Data

The historical data trend for AK Medical Holdings'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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AK Medical Holdings Days Inventory Chart

AK Medical Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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257.02

327.62

537.43

380.37

437.90

AK Medical Holdings Semi-Annual Data
	Dec14	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													620.58	373.69	313.82	350.65	600.92

Competitive Comparison of AK Medical Holdings's Days Inventory

For the Medical Devices subindustry, AK Medical Holdings'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.

AK Medical Holdings's Days Inventory Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where AK Medical Holdings's Days Inventory falls into.

AK Medical Holdings Days Inventory Calculation

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

AK Medical Holdings'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
=	( (449.288	+	651.361)	/	2 )	/	458.704	*	365
=	550.3245					/	458.704	*	365
=	437.90

AK Medical Holdings'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
=	( (589.386	+	651.361)	/	2 )	/	188.409	*	365 / 2
=	620.3735					/	188.409	*	365 / 2
=	600.92

AK Medical Holdings (HKSE:01789) 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.

AK Medical Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	188.409	/	620.3735
	=	0.30

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.

AK Medical Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	620.3735	/	486.924
	=	1.27

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.

AK Medical Holdings Days Inventory Related Terms

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

AK Medical Holdings (HKSE:01789) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » AK Medical Holdings Ltd (HKSE:01789) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10 Baifuquan Road, 2nd Floor, Xingye Mansion, Changping District Science and Technology Park, Beijing, CHN, 102200

Website

https://www.ak-medical.net/index.html

AK Medical Holdings Ltd is an investment holding company which designs, develops, produces, and markets orthopedic joint implants and related products. The company's geographical segments include China and the United Kingdom. It derives the majority of revenue from China. The company offers off-the-shelf products, such as knee replacement and hip replacement implants; and 3D-printed products, including 3D-printed hip replacement implants, spinal interbody cages, and artificial vertebral bodies.

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