Premier Health Of America (TSXV:PHA) Inventory Turnover

: 0.00 (As of Dec. 2022)

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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. Premier Health Of America's Cost of Goods Sold for the three months ended in Dec. 2022 was C$16.51 Mil. Premier Health Of America's Average Total Inventories for the quarter that ended in Dec. 2022 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Premier Health Of America's Days Inventory for the three months ended in Dec. 2022 was 0.00.

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. Premier Health Of America's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.00.

Premier Health Of America Inventory Turnover Historical Data

The historical data trend for Premier Health Of America'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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Premier Health Of America Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Inventory Turnover

Premier Health Of America Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Inventory Turnover																-	-	-	-	-

Premier Health Of America Inventory Turnover Calculation

Premier Health Of America's Inventory Turnover for the fiscal year that ended in Sep. 2022 is calculated as

	Inventory Turnover (A: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2022 )	/ (	(Total Inventories (A: Sep. 2021 )	+	Total Inventories (A: Sep. 2022 ))	/	count )
=	60.424	/ (	(0	+	0)	/	1 )
=	60.424	/	0
=	N/A

Premier Health Of America's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	16.512	/ (	(0	+	0)	/	1 )
=	16.512	/	0
=	N/A

Premier Health Of America (TSXV:PHA) 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.

Premier Health Of America's Days Inventory for the three months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	0	/	16.512	*	365 / 4
	=	0.00

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.

Premier Health Of America's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	0	/	21.575
	=	0.00

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.

Premier Health Of America Inventory Turnover Related Terms

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Premier Health Of America (TSXV:PHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Premier Health Of America Inc (TSXV:PHA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

1114 boul. Cure-Labelle, Suite 1, Blainville, QC, CAN, J7C 2M9

Website

https://www.premiersoin.ca

Premier Health Of America Inc is a Canadian Healthtech company that provides a comprehensive range of staffing and outsourced services solutions for healthcare needs to governments, corporations, and individuals. The company uses its proprietary platform to lead the healthcare services sector digital transformation to provide patients with faster, cheaper and more accessible care services.