Hygeia Healthcare Holdings Co (FRA:50I) Inventory Turnover : 7.94 (As of Jun. 2024)

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What is Hygeia Healthcare Holdings Co 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. Hygeia Healthcare Holdings Co's Cost of Goods Sold for the six months ended in Jun. 2024 was €208.1 Mil. Hygeia Healthcare Holdings Co's Average Total Inventories for the quarter that ended in Jun. 2024 was €26.2 Mil. Hygeia Healthcare Holdings Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 7.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hygeia Healthcare Holdings Co's Days Inventory for the six months ended in Jun. 2024 was 22.99.

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. Hygeia Healthcare Holdings Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.09.

Hygeia Healthcare Holdings Co Inventory Turnover Historical Data

The historical data trend for Hygeia Healthcare Holdings Co'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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Hygeia Healthcare Holdings Co Inventory Turnover Chart

Hygeia Healthcare Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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17.21

18.63

20.33

16.43

15.08

Hygeia Healthcare Holdings Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial								9.60	8.51	7.49	8.79	7.94

Hygeia Healthcare Holdings Co Inventory Turnover Calculation

Hygeia Healthcare Holdings Co'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 )
=	358.369	/ (	(20.833	+	26.706)	/	2 )
=	358.369	/	23.7695
=	15.08

Hygeia Healthcare Holdings Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	208.145	/ (	(26.706	+	25.738)	/	2 )
=	208.145	/	26.222
=	7.94

Hygeia Healthcare Holdings Co (FRA:50I) 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.

Hygeia Healthcare Holdings Co's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	26.222	/	208.145	*	365 / 2
	=	22.99

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.

Hygeia Healthcare Holdings Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	26.222	/	305.011
	=	0.09

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.

Hygeia Healthcare Holdings Co Inventory Turnover Related Terms

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Hygeia Healthcare Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Hygeia Healthcare Holdings Co Ltd (FRA:50I) » Definitions » Inventory Turnover

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06078:Hong Kong 50I:Germany

Address

No. 228 Meiyuan Road, Enterprise Square, Suites 702-707, Jing’an District, Shanghai, CHN

Website

https://www.hygeia-group.com.cn

Hygeia Healthcare Holdings Co Ltd is an oncology healthcare group in China. The company operates in two segments, namely Hospital Business, and Other Business. The company generates revenues by operating private for-profit hospitals it owns and provides a wide range of oncology healthcare services and other healthcare services; licensing of its proprietary SRT equipment, and provision of maintenance and technical support services with its proprietary SRT equipment; and managing and operating, and receiving management fees from, private not-for-profit hospitals in which it holds organizer's interest. All of its revenues come from China.

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