SHL Telemedicine (SHL Telemedicine) Inventory Turnover : 4.51 (As of Dec. 2023)

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What is SHL Telemedicine 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. SHL Telemedicine's Cost of Goods Sold for the six months ended in Dec. 2023 was $15.59 Mil. SHL Telemedicine's Average Total Inventories for the quarter that ended in Dec. 2023 was $3.46 Mil. SHL Telemedicine's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SHL Telemedicine's Days Inventory for the six months ended in Dec. 2023 was 40.50.

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. SHL Telemedicine's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

SHL Telemedicine Inventory Turnover Historical Data

The historical data trend for SHL Telemedicine'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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SHL Telemedicine Inventory Turnover Chart

SHL Telemedicine Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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15.11

15.57

8.97

7.87

8.67

SHL Telemedicine Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															4.62	3.50	3.58	4.18	4.51

SHL Telemedicine Inventory Turnover Calculation

SHL Telemedicine'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 )
=	31.814	/ (	(3.879	+	3.459)	/	2 )
=	31.814	/	3.669
=	8.67

SHL Telemedicine'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 )
=	15.586	/ (	(0	+	3.459)	/	1 )
=	15.586	/	3.459
=	4.51

SHL Telemedicine (OTCPK:SMDCF) 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.

SHL Telemedicine'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
	=	3.459	/	15.586	*	365 / 2
	=	40.50

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.

SHL Telemedicine'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 )
	=	3.459	/	28.07
	=	0.12

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.

SHL Telemedicine Inventory Turnover Related Terms

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SHL Telemedicine (SHL Telemedicine) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » SHL Telemedicine Ltd (OTCPK:SMDCF) » Definitions » Inventory Turnover

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SHLT:USA SHLTN:Switzerland

Address

90 Yigal Alon Street, Tel Aviv, ISR, 67891

Website

https://www.shl-telemedicine.com

SHL Telemedicine Ltd develops and markets personal telemedicine solutions. It consists of the transmission of medical data by an individual, from a remote location to a medical call center through telecommunication networks. The company offers solutions to subscribing patients, health insurance companies, hospitals, clinics, and physicians. It provides healthcare professional solutions to patients suffering from congestive heart failure, chronic obstructive pulmonary disease, and readmission solutions for reducing heart-related readmissions. In addition, consumer solutions include cardiac monitoring services. The company's geographical segments Israel, Europe, and the rest of the world.