Asiri Surgical Hospital (COL:AMSL.N0000) Inventory Turnover : 3.89 (As of Dec. 2023)

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What is Asiri Surgical Hospital 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. Asiri Surgical Hospital's Cost of Goods Sold for the three months ended in Dec. 2023 was රු989 Mil. Asiri Surgical Hospital's Average Total Inventories for the quarter that ended in Dec. 2023 was රු255 Mil. Asiri Surgical Hospital's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asiri Surgical Hospital's Days Inventory for the three months ended in Dec. 2023 was 23.49.

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. Asiri Surgical Hospital's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.15.

Asiri Surgical Hospital Inventory Turnover Historical Data

The historical data trend for Asiri Surgical Hospital'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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Asiri Surgical Hospital Inventory Turnover Chart

Asiri Surgical Hospital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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14.94

18.00

15.70

13.32

11.89

Asiri Surgical Hospital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.99	3.21	3.72	3.85	3.89

Asiri Surgical Hospital Inventory Turnover Calculation

Asiri Surgical Hospital's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	3405.381	/ (	(303.517	+	269.126)	/	2 )
=	3405.381	/	286.3215
=	11.89

Asiri Surgical Hospital'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	989.251	/ (	(257.474	+	251.752)	/	2 )
=	989.251	/	254.613
=	3.89

Asiri Surgical Hospital (COL:AMSL.N0000) 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.

Asiri Surgical Hospital's Days Inventory for the three 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
	=	254.613	/	989.251	*	365 / 4
	=	23.49

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.

Asiri Surgical Hospital'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 )
	=	254.613	/	1645.769
	=	0.15

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.

Asiri Surgical Hospital Inventory Turnover Related Terms

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Asiri Surgical Hospital (COL:AMSL.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Asiri Surgical Hospital PLC (COL:AMSL.N0000) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No. 21, Kirimandala Mawatha, Colombo, LKA, 05

Website

https://www.asirihealth.com

Asiri Surgical Hospital PLC is engaged in operating a two-tier hospital and provides healthcare services. The business of the company operates in segments that include Pre-care, Post-care, and Pharmaceutical segment. The pre-care includes OPD revenue, channeling revenue, and OPD lab investigation services, post-care which includes all IPD revenue including inpatient drugs and lab investigation, and pharmaceutical which includes OPD pharmacy revenue. Geographically the company provides its services to the Sri Lankan market.

Asiri Surgical Hospital (COL:AMSL.N0000) Headlines

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