The historical rank and industry rank for IVD Medical Holding's Days Inventory or its related term are showing as below:
HKSE:01931'
s Days Inventory Range Over the Past 10 Years
Min: 62.26 Med: 82.38 Max: 132.26
Current: 129.6
During the past 8 years, IVD Medical Holding's highest Days Inventory was 132.26. The lowest was 62.26. And the median was 82.38.
HKSE:01931's Days Inventory is ranked worse than 81.72% of 93
companies
in the Medical Distribution industry
Industry Median: 60.88
vs HKSE:01931: 129.60
IVD Medical Holding's Days Inventory
increased
from Dec. 2022 (105.19) to Dec. 2023 (131.50).
It might indicate that IVD Medical Holding's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
IVD Medical Holding's Inventory Turnover for the
six
months ended in Dec. 2023 was 1.39.
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.
IVD Medical Holding's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.56.
IVD Medical Holding Days Inventory Historical Data
The historical data trend for IVD Medical Holding'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.
Competitive Comparison of IVD Medical Holding's Days Inventory
For the Medical Distribution subindustry, IVD Medical Holding'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.
IVD Medical Holding's Days Inventory Distribution in the Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, IVD Medical Holding's Days Inventory distribution charts can be found below:
* The bar in red indicates where IVD Medical Holding's Days Inventory falls into.
IVD Medical Holding Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
IVD Medical Holding's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
IVD Medical Holding (HKSE:01931) 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.
IVD Medical Holding's Inventory Turnover for the
six
months ended in Dec. 2023 is calculated as
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.
IVD Medical Holding's Inventory to Revenue for the
six
months ended in Dec. 2023 is calculated as
* 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.
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.
IVD Medical Holding Days Inventory Related Terms
Thank you for viewing the detailed overview of IVD Medical Holding's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
IVD Medical Holding (HKSE:01931) Business Description
IVD Medical Holding Ltd is principally engaged in the sale and manufacture of medical equipment and consumables and the provision of consultancy and maintenance services related to medical equipment. It has three segments. The distribution business, which is the key revenue driver, involves the trading of IVD analysers, reagents, and other consumables to customers such as distributors, hospitals and healthcare institutions, and logistics providers. The After-sales Services provided by Vastec include maintenance and repair services, installation services and end-customer training. Its Self-branded Products Business, distributes its self-developed IVD products under its own brand which includes IVD analysers and reagents under the IVD testing category of Point-of-care testing.
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