First Choice Healthcare Solutions (First Choice Healthcare Solutions) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is First Choice Healthcare Solutions 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. First Choice Healthcare Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.00 Mil. First Choice Healthcare Solutions's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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. First Choice Healthcare Solutions's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

First Choice Healthcare Solutions Inventory Turnover Historical Data

The historical data trend for First Choice Healthcare Solutions'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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First Choice Healthcare Solutions Inventory Turnover Chart

First Choice Healthcare Solutions Annual Data

Trend

Dec10

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Dec12

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Dec14

Dec15

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Dec22

Dec23

Inventory Turnover

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First Choice Healthcare Solutions Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec22	Mar23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

First Choice Healthcare Solutions Inventory Turnover Calculation

First Choice Healthcare Solutions'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 )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

First Choice Healthcare Solutions'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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

First Choice Healthcare Solutions (OTCPK:FCHS) 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.

First Choice Healthcare Solutions's Days Inventory for the three 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
	=	0	/	0	*	365 / 4
	=

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.

First Choice Healthcare Solutions'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 )
	=	0	/	0.007
	=	0.00

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.

First Choice Healthcare Solutions Inventory Turnover Related Terms

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First Choice Healthcare Solutions (First Choice Healthcare Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » First Choice Healthcare Solutions Inc (OTCPK:FCHS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

95 Bulldog Boulevard, Suite 202, Melbourne, FL, USA, 32901

Website

https://www.myfchs.com

First Choice Healthcare Solutions Inc is engaged in implementing a defined growth strategy aimed at building a network of localized, integrated healthcare services platforms comprised of primary care using doctors, nurse practitioners, health and well services (anti-aging, weight management and stem cells), rehabilitative therapy, pain management, and pharmacy- services. in markets throughout the U.S.

Executives

Gary Pickett	officer: Chief Financial Officer	9958 LAKE SEMINOLE DR. W., LARGO FL 33773
Michael J. West	other: Former Officer and Owner	16325 EAST DORADO AVE., CENTENNIAL CO 80111
Stephen H. West	director, officer: Secretary	16325 EAST DORADO AVE., CENTENNIAL CO 80111