Lanka Hospitals (COL:LHCL.N0000) Inventory Turnover : 1.78 (As of Sep. 2023)

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What is Lanka 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. Lanka Hospitals's Cost of Goods Sold for the three months ended in Sep. 2023 was රු1,754 Mil. Lanka Hospitals's Average Total Inventories for the quarter that ended in Sep. 2023 was රු985 Mil. Lanka Hospitals's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lanka Hospitals's Days Inventory for the three months ended in Sep. 2023 was 51.27.

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. Lanka Hospitals's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.32.

Lanka Hospitals Inventory Turnover Historical Data

The historical data trend for Lanka 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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Lanka Hospitals Inventory Turnover Chart

Lanka Hospitals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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12.39

11.07

9.26

11.79

8.35

Lanka Hospitals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															1.45	1.56	1.62	1.68	1.78

Lanka Hospitals Inventory Turnover Calculation

Lanka Hospitals's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	5993.028	/ (	(455.449	+	979.996)	/	2 )
=	5993.028	/	717.7225
=	8.35

Lanka Hospitals's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	1753.755	/ (	(934.834	+	1035.897)	/	2 )
=	1753.755	/	985.3655
=	1.78

Lanka Hospitals (COL:LHCL.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.

Lanka Hospitals's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	985.3655	/	1753.755	*	365 / 4
	=	51.27

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.

Lanka Hospitals's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	985.3655	/	3076.296
	=	0.32

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.

Lanka Hospitals Inventory Turnover Related Terms

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Lanka Hospitals (COL:LHCL.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Lanka Hospitals Corp PLC (COL:LHCL.N0000) » Definitions » Inventory Turnover

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Address

No. 578, Elvitigala Mawatha, Narahenpita, Colombo, LKA, 05

Website

https://www.lankahospitals.com

Lanka Hospitals Corp PLC is a Sri Lanka-based company providing healthcare services. The company offers medical services such as emergency services, kidney care centers, health checks, eye clinics, blood banks, dental clinics, and dermatology services. The company also provides surgical, emergency care, laboratory, and testing services. Geographically, all the firm's business activity is operated in Sri Lanka.

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