Sharma East India Hospitals & Medical Research (BOM:524548) Inventory Turnover : 6.87 (As of Jun. 2024)

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What is Sharma East India Hospitals & Medical Research 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. Sharma East India Hospitals & Medical Research's Cost of Goods Sold for the three months ended in Jun. 2024 was ₹46.8 Mil. Sharma East India Hospitals & Medical Research's Average Total Inventories for the quarter that ended in Jun. 2024 was ₹6.8 Mil. Sharma East India Hospitals & Medical Research's Inventory Turnover for the quarter that ended in Jun. 2024 was 6.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sharma East India Hospitals & Medical Research's Days Inventory for the three months ended in Jun. 2024 was 13.29.

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. Sharma East India Hospitals & Medical Research's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.10.

Sharma East India Hospitals & Medical Research Inventory Turnover Historical Data

The historical data trend for Sharma East India Hospitals & Medical Research'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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Sharma East India Hospitals & Medical Research Inventory Turnover Chart

Sharma East India Hospitals & Medical Research Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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18.05

9.45

25.10

31.95

29.91

Sharma East India Hospitals & Medical Research Quarterly Data
	Mar18	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															8.01	7.30	8.33	8.34	6.87

Sharma East India Hospitals & Medical Research Inventory Turnover Calculation

Sharma East India Hospitals & Medical Research's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	179.655	/ (	(5.194	+	6.819)	/	2 )
=	179.655	/	6.0065
=	29.91

Sharma East India Hospitals & Medical Research's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	46.824	/ (	(6.819	+	0)	/	1 )
=	46.824	/	6.819
=	6.87

Sharma East India Hospitals & Medical Research (BOM:524548) 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.

Sharma East India Hospitals & Medical Research's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	6.819	/	46.824	*	365 / 4
	=	13.29

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.

Sharma East India Hospitals & Medical Research's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	6.819	/	67.222
	=	0.10

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.

Sharma East India Hospitals & Medical Research Inventory Turnover Related Terms

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Sharma East India Hospitals & Medical Research Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Sharma East India Hospitals & Medical Research Ltd (BOM:524548) » Definitions » Inventory Turnover

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Address

Tonk Road, Jaipur Hospital, Lal Kothi, Near S.M.S. Stadium, Jaipur, RJ, IND, 302015

Website

https://www.jaipurhospital.co.in

Sharma East India Hospitals & Medical Research Ltd is engaged in service activities related to the medical and health sciences. It provides healthcare services through the multi-specialty hospital in the name of Jaipur Hospital in Rajasthan. It provides services like joint replacement surgery, arthroscopy, cardiothoracic and vascular surgery, interventional cardiology like angiography and angioplasty, neurosurgery, and others.

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