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Wuhan Easy Diagnosis Biomedicine Co (SZSE:002932) Days Inventory : 318.54 (As of Mar. 2024)


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What is Wuhan Easy Diagnosis Biomedicine Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wuhan Easy Diagnosis Biomedicine Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥127.1 Mil. Wuhan Easy Diagnosis Biomedicine Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥36.4 Mil. Hence, Wuhan Easy Diagnosis Biomedicine Co's Days Inventory for the three months ended in Mar. 2024 was 318.54.

The historical rank and industry rank for Wuhan Easy Diagnosis Biomedicine Co's Days Inventory or its related term are showing as below:

SZSE:002932' s Days Inventory Range Over the Past 10 Years
Min: 28.39   Med: 155.28   Max: 302.62
Current: 302.62

During the past 13 years, Wuhan Easy Diagnosis Biomedicine Co's highest Days Inventory was 302.62. The lowest was 28.39. And the median was 155.28.

SZSE:002932's Days Inventory is ranked worse than
74.2% of 779 companies
in the Medical Devices & Instruments industry
Industry Median: 193.31 vs SZSE:002932: 302.62

Wuhan Easy Diagnosis Biomedicine Co's Days Inventory increased from Mar. 2023 (106.07) to Mar. 2024 (318.54). It might indicate that Wuhan Easy Diagnosis Biomedicine Co'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. Wuhan Easy Diagnosis Biomedicine Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.29.

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. Wuhan Easy Diagnosis Biomedicine Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 2.08.


Wuhan Easy Diagnosis Biomedicine Co Days Inventory Historical Data

The historical data trend for Wuhan Easy Diagnosis Biomedicine 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.

Wuhan Easy Diagnosis Biomedicine Co Days Inventory Chart

Wuhan Easy Diagnosis Biomedicine Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 230.86 137.00 103.85 28.39 206.20

Wuhan Easy Diagnosis Biomedicine Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 106.07 222.20 238.41 561.46 318.54

Competitive Comparison of Wuhan Easy Diagnosis Biomedicine Co's Days Inventory

For the Medical Devices subindustry, Wuhan Easy Diagnosis Biomedicine 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.


Wuhan Easy Diagnosis Biomedicine Co's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Wuhan Easy Diagnosis Biomedicine Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Wuhan Easy Diagnosis Biomedicine Co's Days Inventory falls into.



Wuhan Easy Diagnosis Biomedicine Co Days Inventory Calculation

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

Wuhan Easy Diagnosis Biomedicine 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
=( (258.435 + 128.769) / 2 ) / 342.703*365
=193.602 / 342.703*365
=206.20

Wuhan Easy Diagnosis Biomedicine 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
=( (128.769 + 125.428) / 2 ) / 36.409*365 / 4
=127.0985 / 36.409*365 / 4
=318.54

* 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.


Wuhan Easy Diagnosis Biomedicine Co  (SZSE:002932) 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.

Wuhan Easy Diagnosis Biomedicine Co's Inventory Turnover for the three months ended in Mar. 2024 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.

Wuhan Easy Diagnosis Biomedicine Co's Inventory to Revenue for the three months ended in Mar. 2024 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.


Wuhan Easy Diagnosis Biomedicine Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Wuhan Easy Diagnosis Biomedicine Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Wuhan Easy Diagnosis Biomedicine Co (SZSE:002932) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Dongxin Road, 2 Floor, Building E, International Students Pioneer Park, Guandong Science and Technology Park, Donghu Development Zone, Hubei, Wuhan, CHN, 430075
Wuhan Easy Diagnosis Biomedicine Co Ltd is engaged in the research and development, production and sales of in vitro diagnostic reagents and supporting instruments and mobile ECG products. The company's product profile consists of Molecular diagnosis, Chemiluminescence, Blood gas analysis, and others. It also provides various other solutions such as Mingde Biomolecular Diagnostic Service Solution, Mingde Biothoracic Center Solution, POCT Solution, Remote ECG network construction solution, and others.
Executives
Wang Rui Directors, executives
Wang Jian Fei Director

Wuhan Easy Diagnosis Biomedicine Co (SZSE:002932) Headlines

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