Fortis Healthcare (NSE:FORTIS) Days Inventory : 14.89 (As of Dec. 2023)

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What is Fortis Healthcare Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fortis Healthcare's Average Total Inventories for the three months ended in Dec. 2023 was ₹1,234 Mil. Fortis Healthcare's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹7,564 Mil. Hence, Fortis Healthcare's Days Inventory for the three months ended in Dec. 2023 was 14.89.

The historical rank and industry rank for Fortis Healthcare's Days Inventory or its related term are showing as below:

NSE:FORTIS' s Days Inventory Range Over the Past 10 Years
Min: 10.14 Med: 12.09 Max: 27.32
Current: 14.43

During the past 13 years, Fortis Healthcare's highest Days Inventory was 27.32. The lowest was 10.14. And the median was 12.09.

NSE:FORTIS's Days Inventory is ranked better than
74.73% of 467 companies
in the Healthcare Providers & Services industry
Industry Median: 32.13 vs NSE:FORTIS: 14.43

Fortis Healthcare's Days Inventory declined from Dec. 2022 (15.98) to Dec. 2023 (14.89).

Inventory Turnover measures how fast the company turns over its inventory within a year. Fortis Healthcare's Inventory Turnover for the three months ended in Dec. 2023 was 6.13.

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. Fortis Healthcare's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.07.

Fortis Healthcare Days Inventory Historical Data

The historical data trend for Fortis Healthcare'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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Fortis Healthcare Days Inventory Chart

Fortis Healthcare Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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10.42

12.16

27.32

14.46

15.80

Fortis Healthcare 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															15.98	14.06	14.91	14.32	14.89

Competitive Comparison of Fortis Healthcare's Days Inventory

For the Medical Care Facilities subindustry, Fortis Healthcare'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.

Fortis Healthcare's Days Inventory Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Fortis Healthcare's Days Inventory falls into.

Fortis Healthcare Days Inventory Calculation

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

Fortis Healthcare's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1229.003	+	1228.447)	/	2 )	/	28390.241	*	365
=	1228.725					/	28390.241	*	365
=	15.80

Fortis Healthcare'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
=	( (1234.3	+	0)	/	1 )	/	7564.2	*	365 / 4
=	1234.3					/	7564.2	*	365 / 4
=	14.89

Fortis Healthcare (NSE:FORTIS) 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.

Fortis Healthcare's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7564.2	/	1234.3
	=	6.13

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.

Fortis Healthcare's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1234.3	/	16796.8
	=	0.07

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.

Fortis Healthcare Days Inventory Related Terms

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

Fortis Healthcare (NSE:FORTIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Fortis Healthcare Ltd (NSE:FORTIS) » Definitions » Days Inventory

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532843:India

Address

Tower - A, Unitech Business Park, Block - F, South City 1, Sector - 41, Gurugram, HR, IND, 122001

Website

https://www.fortishealthcare.com

Fortis Healthcare Ltd provides integrated healthcare delivery services in India. The company manages healthcare centers including hospitals, diagnostics, and day care specialty facilities. The company's most prominent specialty in its hospital business is cardiac sciences. The Company is primarily engaged in the business of healthcare services which is the only reportable segment. The company's key hospitals include Fortis Escorts Heart Institute in Dehli, Fortis Mulund in Mumbai, and Fortis Hospital in Bengaluru. A majority of the company's revenue is derived from India.

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