Advanced Medical Solutions Group (FRA:AQA) Inventory Turnover : 0.84 (As of Jun. 2024)

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What is Advanced Medical Solutions Group 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. Advanced Medical Solutions Group's Cost of Goods Sold for the six months ended in Jun. 2024 was €36.7 Mil. Advanced Medical Solutions Group's Average Total Inventories for the quarter that ended in Jun. 2024 was €43.7 Mil. Advanced Medical Solutions Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Advanced Medical Solutions Group's Days Inventory for the six months ended in Jun. 2024 was 217.08.

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. Advanced Medical Solutions Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.54.

Advanced Medical Solutions Group Inventory Turnover Historical Data

The historical data trend for Advanced Medical Solutions Group'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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Advanced Medical Solutions Group Inventory Turnover Chart

Advanced Medical Solutions Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.65

2.04

2.44

2.14

1.76

Advanced Medical Solutions Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															1.13	1.06	0.92	0.84	0.84

Advanced Medical Solutions Group Inventory Turnover Calculation

Advanced Medical Solutions Group'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 )
=	65.083	/ (	(32.093	+	41.841)	/	2 )
=	65.083	/	36.967
=	1.76

Advanced Medical Solutions Group'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 )
=	36.748	/ (	(41.841	+	45.58)	/	2 )
=	36.748	/	43.7105
=	0.84

Advanced Medical Solutions Group (FRA:AQA) 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.

Advanced Medical Solutions Group'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
	=	43.7105	/	36.748	*	365 / 2
	=	217.08

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.

Advanced Medical Solutions Group'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 )
	=	43.7105	/	80.355
	=	0.54

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.

Advanced Medical Solutions Group Inventory Turnover Related Terms

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Advanced Medical Solutions Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Advanced Medical Solutions Group PLC (FRA:AQA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

AMS.GB:UK AMS:UK

Address

Premier Park, 33 Road One, Winsford Industrial Estate, Winsford, Cheshire, GBR, CW7 3RT

Website

https://www.admedsol.com

U.K.-based Advanced Medical Solutions was founded in 1991 to design, develop, and manufacture advanced wound-care products for other healthcare manufacturers. AMS' key branded products include the ActivHeal franchise of hydrogel, hydrocolloid, foam, and alginate wound dressings. The firm also manufactures and markets a suite of branded products in surgical use, including the LiquiBand franchise for tissue adhesion and the Resorba line of sutures and collagen-based products for tissue repair. The firm derives approximately 60% of total revenue from branded products, with nonbranded contributing 40%.

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