China Biotech Services Holdings (HKSE:08037) Days Inventory : 31.49 (As of Dec. 2023)

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What is China Biotech Services Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Biotech Services Holdings's Average Total Inventories for the three months ended in Dec. 2023 was HK$9.3 Mil. China Biotech Services Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$26.9 Mil. Hence, China Biotech Services Holdings's Days Inventory for the three months ended in Dec. 2023 was 31.49.

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

HKSE:08037' s Days Inventory Range Over the Past 10 Years
Min: 5.16 Med: 34.14 Max: 577.38
Current: 32.27

During the past 13 years, China Biotech Services Holdings's highest Days Inventory was 577.38. The lowest was 5.16. And the median was 34.14.

HKSE:08037's Days Inventory is ranked better than
75.13% of 189 companies
in the Medical Diagnostics & Research industry
Industry Median: 69.88 vs HKSE:08037: 32.27

China Biotech Services Holdings's Days Inventory increased from Dec. 2022 (8.09) to Dec. 2023 (31.49). It might indicate that China Biotech Services Holdings's sales slowed down.

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. China Biotech Services Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 2.90.

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. China Biotech Services Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.82.

China Biotech Services Holdings Days Inventory Historical Data

The historical data trend for China Biotech Services 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.

* Premium members only.

China Biotech Services Holdings Days Inventory Chart

China Biotech Services Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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34.25

5.16

7.05

5.70

28.76

China Biotech Services Holdings Quarterly Data
	Mar19	Jun19	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															8.09	20.99	44.02	58.62	31.49

Competitive Comparison of China Biotech Services Holdings's Days Inventory

For the Diagnostics & Research subindustry, China Biotech Services 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.

China Biotech Services Holdings's Days Inventory Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, China Biotech Services Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where China Biotech Services Holdings's Days Inventory falls into.

China Biotech Services Holdings Days Inventory Calculation

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

China Biotech Services 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
=	( (18.725	+	9.274)	/	2 )	/	177.661	*	365
=	13.9995					/	177.661	*	365
=	28.76

China Biotech Services 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	9.274)	/	1 )	/	26.872	*	365 / 4
=	9.274					/	26.872	*	365 / 4
=	31.49

China Biotech Services Holdings (HKSE:08037) 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.

China Biotech Services Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	26.872	/	9.274
	=	2.90

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.

China Biotech Services Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9.274	/	11.273
	=	0.82

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.

China Biotech Services Holdings Days Inventory Related Terms

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

China Biotech Services Holdings (HKSE:08037) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » China Biotech Services Holdings Ltd (HKSE:08037) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

255-257 Gloucester Roaad, Suites 1904-05A, 19th Floor, Sino Plaza, Causeway Bay, Hong Kong, HKG

Website

http://www.cbshhk.com

China Biotech Services Holdings Ltd is an investment holding company. It operates through six segments: Pharmaceutical Products, Medical and Health-Related Services, Immunotherapy, Securities, Insurance brokerage, BNCT and Others. It derives prime revenue from the Medical and health related services segment which involves the provision of medical laboratory testing and health check services. The group has a business presence in Hong Kong and the PRC, of which key revenue is generated from Hong Kong.

Executives

Liu Xiaolin	2101 Beneficial owner
Genius Earn Limited	2201 Interest of corporation controlled by you
Genius Lead Limited	2101 Beneficial owner
Guoyuan International Holdings Limited	2201 Interest of corporation controlled by you
Guoyuan Securities Co., Ltd.	2201 Interest of corporation controlled by you
Guoyuan Securities Investment (hong Kong) Limited	2101 Beneficial owner
Richlane Ventures Limited	2101 Beneficial owner
Ko Chun Shun, Johnson	2201 Interest of corporation controlled by you

China Biotech Services Holdings (HKSE:08037) Headlines

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