EuroEyes International Eye Clinic (HKSE:01846) Inventory Turnover : 12.46 (As of Dec. 2023)

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What is EuroEyes International Eye Clinic Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. EuroEyes International Eye Clinic's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$200.0 Mil. EuroEyes International Eye Clinic's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$16.1 Mil. EuroEyes International Eye Clinic's Inventory Turnover for the quarter that ended in Dec. 2023 was 12.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EuroEyes International Eye Clinic's Days Inventory for the six months ended in Dec. 2023 was 14.65.

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. EuroEyes International Eye Clinic's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

EuroEyes International Eye Clinic Inventory Turnover Historical Data

The historical data trend for EuroEyes International Eye Clinic's Inventory Turnover 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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EuroEyes International Eye Clinic Inventory Turnover Chart

EuroEyes International Eye Clinic Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.16

7.75

10.70

16.96

23.28

EuroEyes International Eye Clinic Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial								6.11	7.84	9.03	11.07	12.46

EuroEyes International Eye Clinic Inventory Turnover Calculation

EuroEyes International Eye Clinic's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	378.768	/ (	(16.379	+	16.166)	/	2 )
=	378.768	/	16.2725
=	23.28

EuroEyes International Eye Clinic's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	199.968	/ (	(15.934	+	16.166)	/	2 )
=	199.968	/	16.05
=	12.46

EuroEyes International Eye Clinic (HKSE:01846) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

EuroEyes International Eye Clinic's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	16.05	/	199.968	*	365 / 2
	=	14.65

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.

EuroEyes International Eye Clinic's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	16.05	/	367.907
	=	0.04

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

EuroEyes International Eye Clinic Inventory Turnover Related Terms

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EuroEyes International Eye Clinic (HKSE:01846) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » EuroEyes International Eye Clinic Ltd (HKSE:01846) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Valentinskamp 90, Hamburg, DEU, 20355

Website

https://www.euroeyes.hk

EuroEyes International Eye Clinic Ltd is a laser eye surgery clinic. The firm's operating segments are the Provision of vision correction services, sales of pharmaceutical products, and Rental of ophthalmic equipment and operating spaces, Rendering of training service and Interest income. Its geographical segments are Germany, China, Denmark and UK. The Group's services include treatment of myopia, treatment of high myopia, treatment of presbyopia, and treatment of cataracts. The company generates a majority of its revenue from the provision of correction services in Germany.

Executives

Jørgensen Jørn Slot	2101 Beneficial owner
Jørgensen Susanne	2202 Interest of your spouse
Jørgensen Jørn Slot	2101 Beneficial owner
Jørgensen Susanne	2202 Interest of your spouse

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