Healthlead PCL (BKK:HL) Inventory Turnover : 1.59 (As of Mar. 2024)

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What is Healthlead PCL 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. Healthlead PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿378 Mil. Healthlead PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿237 Mil. Healthlead PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Healthlead PCL's Days Inventory for the three months ended in Mar. 2024 was 57.35.

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. Healthlead PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.49.

Healthlead PCL Inventory Turnover Historical Data

The historical data trend for Healthlead PCL'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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Healthlead PCL Inventory Turnover Chart

Healthlead PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

5.21

6.16

6.36

6.19

5.69

Healthlead PCL Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											1.38	1.30	1.33	1.42	1.59

Healthlead PCL Inventory Turnover Calculation

Healthlead PCL'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 )
=	1258.331	/ (	(210.281	+	231.677)	/	2 )
=	1258.331	/	220.979
=	5.69

Healthlead PCL'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 )
=	377.581	/ (	(231.677	+	242.929)	/	2 )
=	377.581	/	237.303
=	1.59

Healthlead PCL (BKK:HL) 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.

Healthlead PCL'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
	=	237.303	/	377.581	*	365 / 4
	=	57.35

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.

Healthlead PCL'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 )
	=	237.303	/	482.414
	=	0.49

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.

Healthlead PCL Inventory Turnover Related Terms

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Healthlead PCL (BKK:HL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Healthlead PCL (BKK:HL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

99/4 Moo 10, Bang Muang Sub-District, Bang-Yai District, Nonthaburi, THA, 11140

Website

https://www.healthleadgroup.com

Healthlead PCL is engaged in the business of healthcare-related and medical products. It operates in the pharmacy business, distribution of medical supplies, cosmeceuticals, and dietary supplements. medical equipment and various health products. as well as in business regarding invention business, developing, importing, and distributing innovative healthcare products.