Optimax Holdings Bhd (XKLS:0222) Days Inventory : 69.81 (As of Dec. 2023)

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What is Optimax Holdings Bhd Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Optimax Holdings Bhd's Average Total Inventories for the three months ended in Dec. 2023 was RM4.7 Mil. Optimax Holdings Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM6.1 Mil. Hence, Optimax Holdings Bhd's Days Inventory for the three months ended in Dec. 2023 was 69.81.

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

XKLS:0222' s Days Inventory Range Over the Past 10 Years
Min: 49.58 Med: 56.46 Max: 70.54
Current: 70.54

During the past 8 years, Optimax Holdings Bhd's highest Days Inventory was 70.54. The lowest was 49.58. And the median was 56.46.

XKLS:0222's Days Inventory is ranked worse than
74.2% of 469 companies
in the Healthcare Providers & Services industry
Industry Median: 32.49 vs XKLS:0222: 70.54

Optimax Holdings Bhd's Days Inventory increased from Dec. 2022 (58.63) to Dec. 2023 (69.81). It might indicate that Optimax Holdings Bhd's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Optimax Holdings Bhd's Inventory Turnover for the three months ended in Dec. 2023 was 1.31.

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. Optimax Holdings Bhd's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.15.

Optimax Holdings Bhd Days Inventory Historical Data

The historical data trend for Optimax Holdings Bhd'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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Optimax Holdings Bhd Days Inventory Chart

Optimax Holdings Bhd Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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52.05

60.83

49.58

56.84

69.33

Optimax Holdings Bhd Quarterly Data
	Dec18	Mar19	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															58.63	73.41	75.64	65.37	69.81

Competitive Comparison of Optimax Holdings Bhd's Days Inventory

For the Medical Care Facilities subindustry, Optimax Holdings Bhd'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.

Optimax Holdings Bhd's Days Inventory Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Optimax Holdings Bhd's Days Inventory distribution charts can be found below:

* The bar in red indicates where Optimax Holdings Bhd's Days Inventory falls into.

Optimax Holdings Bhd Days Inventory Calculation

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

Optimax Holdings Bhd'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
=	( (4.291	+	5.049)	/	2 )	/	24.587	*	365
=	4.67					/	24.587	*	365
=	69.33

Optimax Holdings Bhd'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
=	( (4.357	+	5.049)	/	2 )	/	6.147	*	365 / 4
=	4.703					/	6.147	*	365 / 4
=	69.81

Optimax Holdings Bhd (XKLS:0222) 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.

Optimax Holdings Bhd's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.147	/	4.703
	=	1.31

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.

Optimax Holdings Bhd's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.703	/	31.417
	=	0.15

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.

Optimax Holdings Bhd Days Inventory Related Terms

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

Optimax Holdings Bhd (XKLS:0222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optimax Holdings Bhd (XKLS:0222) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 145, Jalan Radin Bagus, 1st and 2nd Floor, Seri Petaling, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 57000

Website

https://www.optimax2u.com

Optimax Holdings Bhd is a provider of eye specialist services. It offers a range of services with in-house medical ophthalmology at specialist centres such as specialist clinics, ambulatory care centres, and specialist hospitals. The company's ambulatory care centres and specialist hospital are equipped with eye operation theatres, and procedure rooms, general and day care wards, and relevant equipment for surgical procedures. It derives revenue from refractive surgery, treatment of eye diseases and disorders, consultation and dispensary services, oculoplastic treatment, and related services.

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