Athens Medical Centre (ATH:IATR) Inventory Turnover : 14.10 (As of Dec. 2023)

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What is Athens Medical Centre 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. Athens Medical Centre's Cost of Goods Sold for the six months ended in Dec. 2023 was €94.8 Mil. Athens Medical Centre's Average Total Inventories for the quarter that ended in Dec. 2023 was €6.7 Mil. Athens Medical Centre's Inventory Turnover for the quarter that ended in Dec. 2023 was 14.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Athens Medical Centre's Days Inventory for the six months ended in Dec. 2023 was 12.94.

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. Athens Medical Centre's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Athens Medical Centre Inventory Turnover Historical Data

The historical data trend for Athens Medical Centre'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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Athens Medical Centre Inventory Turnover Chart

Athens Medical Centre Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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27.69

23.06

24.23

25.22

27.51

Athens Medical Centre 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															12.70	13.08	13.03	14.37	14.10

Athens Medical Centre Inventory Turnover Calculation

Athens Medical Centre'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 )
=	191.807	/ (	(7.004	+	6.942)	/	2 )
=	191.807	/	6.973
=	27.51

Athens Medical Centre'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 )
=	94.765	/ (	(6.5	+	6.942)	/	2 )
=	94.765	/	6.721
=	14.10

Athens Medical Centre (ATH:IATR) 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.

Athens Medical Centre'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
	=	6.721	/	94.765	*	365 / 2
	=	12.94

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.

Athens Medical Centre'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 )
	=	6.721	/	125.019
	=	0.05

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.

Athens Medical Centre Inventory Turnover Related Terms

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Athens Medical Centre (ATH:IATR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Athens Medical Centre SA (ATH:IATR) » Definitions » Inventory Turnover

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ACS:Germany ACS:Germany

Address

5-7 Distomou Street Maroussi, Athens, GRC, 15125

Website

https://www.iatriko.gr

Athens Medical Centre SA engages in the provision of healthcare services. It includes medical research and methods of treatment, training, and selection of executives and staff on behalf of the hospitals and importation of medical tools, instruments, machinery, and automated devices for the hospitals. Its offering includes medical services in such specializations as pathology, cardiology, general surgery, plastic and vascular surgery, orthopedic, physiotherapy, ophthalmology, urology, neurosurgery, thoracic, pediatric, dermatology, endocrinology and stomatology. The company operates in Domestic healthcare service, Healthcare service provided abroad (Romania) and Sale of medical tools & sanitary/health equipment segment.

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