Aashka Hospitals (BOM:543346) Inventory Turnover : 3.71 (As of Mar. 2024)

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What is Aashka Hospitals 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. Aashka Hospitals's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹14.1 Mil. Aashka Hospitals's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹3.8 Mil. Aashka Hospitals's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aashka Hospitals's Days Inventory for the six months ended in Mar. 2024 was 49.23.

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. Aashka Hospitals's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Aashka Hospitals Inventory Turnover Historical Data

The historical data trend for Aashka Hospitals'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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Aashka Hospitals Inventory Turnover Chart

Aashka Hospitals Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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22.77

39.19

36.35

4.73

7.39

Aashka Hospitals Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial				10.25	9.08	-4.32	3.48	3.71

Aashka Hospitals Inventory Turnover Calculation

Aashka Hospitals'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 )
=	27.638	/ (	(0	+	3.738)	/	1 )
=	27.638	/	3.738
=	7.39

Aashka Hospitals'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	14.122	/ (	(3.881	+	3.738)	/	2 )
=	14.122	/	3.8095
=	3.71

Aashka Hospitals (BOM:543346) 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.

Aashka Hospitals's Days Inventory for the six 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
	=	3.8095	/	14.122	*	365 / 2
	=	49.23

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.

Aashka Hospitals'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 )
	=	3.8095	/	120.719
	=	0.03

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.

Aashka Hospitals Inventory Turnover Related Terms

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Aashka Hospitals (BOM:543346) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Aashka Hospitals Ltd (BOM:543346) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Between Sargasan & Reliance Cross Road, Sargasan, Gandhinagar, GJ, IND, 382421

Website

https://aashkahospitals.in

Aashka Hospital Ltd is an integrated healthcare service provider that offers the quality of healthcare facilities including prevention, treatment, and rehabilitation. It serves a range of healthcare services such as Cardiology, neurology, neurosurgery, nephrology, anesthesiology, orthopedics, pediatric services, neonatology services, dermatology, radiology, dentistry, obstetrics, and gynecology, and more. The group also includes the operation of Multi-Disciplinary Private Hospital, Clinics, and Pharmacies.

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