HealthBeacon (DUB:HBCN) Inventory Turnover : 1.21 (As of Dec. 2022)

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What is HealthBeacon 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. HealthBeacon's Cost of Goods Sold for the six months ended in Dec. 2022 was €1.33 Mil. HealthBeacon's Average Total Inventories for the quarter that ended in Dec. 2022 was €1.11 Mil. HealthBeacon's Inventory Turnover for the quarter that ended in Dec. 2022 was 1.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HealthBeacon's Days Inventory for the six months ended in Dec. 2022 was 151.38.

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. HealthBeacon's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.80.

HealthBeacon Inventory Turnover Historical Data

The historical data trend for HealthBeacon'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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HealthBeacon Inventory Turnover Chart

HealthBeacon Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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41.38

27.33

2.02

HealthBeacon Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Inventory Turnover	Get a 7-Day Free Trial			19.85	29.00	25.86	4.20	1.21

HealthBeacon Inventory Turnover Calculation

HealthBeacon'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 )
=	2.114	/ (	(0.127	+	1.969)	/	2 )
=	2.114	/	1.048
=	2.02

HealthBeacon's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	1.334	/ (	(0.244	+	1.969)	/	2 )
=	1.334	/	1.1065
=	1.21

HealthBeacon (DUB:HBCN) 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.

HealthBeacon's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	1.1065	/	1.334	*	365 / 2
	=	151.38

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.

HealthBeacon's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	1.1065	/	1.383
	=	0.80

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.

HealthBeacon Inventory Turnover Related Terms

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HealthBeacon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HealthBeacon PLC (DUB:HBCN) » Definitions » Inventory Turnover

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Address

Naas Road, Muirfield Drive, Unit 20, Naas Road Business Park, Dublin, IRL, D12WD85

Website

https://www.healthbeacon.com

HealthBeacon PLC is a digital therapeutics company that develops products for managing injectable medications for patients in the home. Its Injection Care Management System tracks adherence and persistence with medication schedules through the provision of medication management reminders, safe and sustainable sharps disposal devices, educational tools, and artificial intelligence-driven data analytics. It has three operating segments: Direct-to-Consumer, Patient safety Hub and Patient Support Programmes. The company generates the majority of revenue from the DTC segment.

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