Health Empire (BKK:HEALTH) Inventory Turnover : 0.60 (As of Mar. 2024)

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What is Health Empire 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. Health Empire's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿2.80 Mil. Health Empire's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿4.69 Mil. Health Empire's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Health Empire's Days Inventory for the three months ended in Mar. 2024 was 153.11.

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. Health Empire's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.93.

Health Empire Inventory Turnover Historical Data

The historical data trend for Health Empire'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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Health Empire Inventory Turnover Chart

Health Empire Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.33

3.01

3.50

8.36

2.00

Health Empire Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.31	0.45	0.17	0.86	0.60

Health Empire Inventory Turnover Calculation

Health Empire'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 )
=	9.785	/ (	(4.895	+	4.881)	/	2 )
=	9.785	/	4.888
=	2.00

Health Empire's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2.796	/ (	(4.881	+	4.502)	/	2 )
=	2.796	/	4.6915
=	0.60

Health Empire (BKK:HEALTH) 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.

Health Empire's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	4.6915	/	2.796	*	365 / 4
	=	153.11

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.

Health Empire's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	4.6915	/	5.02
	=	0.93

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.

Health Empire Inventory Turnover Related Terms

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Health Empire (BKK:HEALTH) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Health Empire Corp PLC (BKK:HEALTH) » Definitions » Inventory Turnover

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Address

Rama 9 Road, 20th Floor, Room No., Office 2, No. 51 Major Tower Rama 9 - Ramkhamhaeng, Hua Mak Sub-District, Bangkapi District, Bangkok, THA, 10240

Website

https://www.hempcorp.co.th

Health Empire Corp PLC, formerly MPG Corporation PCL is engaged in wholesale, retail, distribution, import, export, production, contract production, and distribution of medication, modern medicine, traditional medicine, Thai traditional medicine, herbal medicine, herbal products, chemicals, medical supplies, pharmaceutical products, cosmeceutical products, medical equipment, health and beauty products, cosmetics, beauty products, personal hygiene products, dietary supplements, vitamins, minerals, food and beverage for dietary. Geographically, all the operations function through the regions of Thailand.

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