EKF Diagnostics Holdings (EKF Diagnostics Holdings) Inventory Turnover : 1.51 (As of Dec. 2023)

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What is EKF Diagnostics Holdings 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. EKF Diagnostics Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $17.34 Mil. EKF Diagnostics Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $11.49 Mil. EKF Diagnostics Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EKF Diagnostics Holdings's Days Inventory for the six months ended in Dec. 2023 was 120.92.

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. EKF Diagnostics Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.35.

EKF Diagnostics Holdings Inventory Turnover Historical Data

The historical data trend for EKF Diagnostics Holdings'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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EKF Diagnostics Holdings Inventory Turnover Chart

EKF Diagnostics Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.54

3.86

3.89

3.57

3.22

EKF Diagnostics Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.91	1.56	1.90	1.63	1.51

EKF Diagnostics Holdings Inventory Turnover Calculation

EKF Diagnostics Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	36.395	/ (	(11.491	+	11.096)	/	2 )
=	36.395	/	11.2935
=	3.22

EKF Diagnostics Holdings'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	17.343	/ (	(11.886	+	11.096)	/	2 )
=	17.343	/	11.491
=	1.51

EKF Diagnostics Holdings (OTCPK:EKDHF) 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.

EKF Diagnostics Holdings's Days Inventory for the six 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
	=	11.491	/	17.343	*	365 / 2
	=	120.92

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.

EKF Diagnostics Holdings'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 )
	=	11.491	/	32.581
	=	0.35

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.

EKF Diagnostics Holdings Inventory Turnover Related Terms

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EKF Diagnostics Holdings (EKF Diagnostics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » EKF Diagnostics Holdings PLC (OTCPK:EKDHF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

EKF.GB:UK EKF:UK

Address

19 Stanwell Road, Penarth, Avon House, Cardiff, GBR, CF64 2EZ

Website

https://www.ekfdiagnostics.com

EKF Diagnostics Holdings PLC is engaged in the field of medical diagnostics. The company's core business is point-of-care testing and manufacturing reagents for use in central laboratories. It caters to companies focused on areas such as diabetes, blood banking, and sports medicine. The company derives its income from its sales in the United States. Its other markets include Germany, Poland, and Russia.

EKF Diagnostics Holdings (EKF Diagnostics Holdings) Headlines

From GuruFocus

Full Year 2021 EKF Diagnostics Holdings PLC Earnings Call Transcript

By GuruFocus Research • 03-26-2024