Shanghai MicroPort EP Medtech Co (SHSE:688351) Days Inventory : 330.32 (As of Mar. 2024)

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What is Shanghai MicroPort EP Medtech Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shanghai MicroPort EP Medtech Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥127.3 Mil. Shanghai MicroPort EP Medtech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥35.2 Mil. Hence, Shanghai MicroPort EP Medtech Co's Days Inventory for the three months ended in Mar. 2024 was 330.32.

The historical rank and industry rank for Shanghai MicroPort EP Medtech Co's Days Inventory or its related term are showing as below:

SHSE:688351' s Days Inventory Range Over the Past 10 Years
Min: 269.6 Med: 302.34 Max: 325.5
Current: 308.35

During the past 6 years, Shanghai MicroPort EP Medtech Co's highest Days Inventory was 325.50. The lowest was 269.60. And the median was 302.34.

SHSE:688351's Days Inventory is ranked worse than
75.06% of 778 companies
in the Medical Devices & Instruments industry
Industry Median: 193.045 vs SHSE:688351: 308.35

Shanghai MicroPort EP Medtech Co's Days Inventory declined from Mar. 2023 (539.27) to Mar. 2024 (330.32).

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanghai MicroPort EP Medtech Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.28.

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. Shanghai MicroPort EP Medtech Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.43.

Shanghai MicroPort EP Medtech Co Days Inventory Historical Data

The historical data trend for Shanghai MicroPort EP Medtech Co'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.

Shanghai MicroPort EP Medtech Co Days Inventory Chart

Shanghai MicroPort EP Medtech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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269.60

305.22

277.34

299.46

318.10

Shanghai MicroPort EP Medtech Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial										539.27	329.54	288.36	283.44	330.32

Competitive Comparison of Shanghai MicroPort EP Medtech Co's Days Inventory

For the Medical Devices subindustry, Shanghai MicroPort EP Medtech Co'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.

Shanghai MicroPort EP Medtech Co's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shanghai MicroPort EP Medtech Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shanghai MicroPort EP Medtech Co's Days Inventory falls into.

Shanghai MicroPort EP Medtech Co Days Inventory Calculation

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

Shanghai MicroPort EP Medtech Co'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
=	( (86.977	+	122.388)	/	2 )	/	120.117	*	365
=	104.6825					/	120.117	*	365
=	318.10

Shanghai MicroPort EP Medtech Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (122.388	+	132.286)	/	2 )	/	35.176	*	365 / 4
=	127.337					/	35.176	*	365 / 4
=	330.32

Shanghai MicroPort EP Medtech Co (SHSE:688351) 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.

Shanghai MicroPort EP Medtech Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	35.176	/	127.337
	=	0.28

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.

Shanghai MicroPort EP Medtech Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	127.337	/	89.153
	=	1.43

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.

Shanghai MicroPort EP Medtech Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Shanghai MicroPort EP Medtech Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai MicroPort EP Medtech Co (SHSE:688351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai MicroPort EP Medtech Co Ltd (SHSE:688351) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1-28, Lane 588, Tianxiong Road, Building 28, Zhoupu Town, Pudong New Area, Shanghai, CHN, 201318

Website

https://www.everpace.com

Shanghai MicroPort EP Medtech Co Ltd is engaged in the research and development, production and sales of various medical devices and equipment related to cardiac electrophysiology interventional diagnosis and treatment.

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