Hydreight Technologies (FRA:SO6) Inventory Turnover : 30.15 (As of Sep. 2024)

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What is Hydreight Technologies 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. Hydreight Technologies's Cost of Goods Sold for the three months ended in Sep. 2024 was €1.99 Mil. Hydreight Technologies's Average Total Inventories for the quarter that ended in Sep. 2024 was €0.07 Mil. Hydreight Technologies's Inventory Turnover for the quarter that ended in Sep. 2024 was 30.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hydreight Technologies's Days Inventory for the three months ended in Sep. 2024 was 3.03.

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. Hydreight Technologies's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.02.

Hydreight Technologies Inventory Turnover Historical Data

The historical data trend for Hydreight Technologies'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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Hydreight Technologies Inventory Turnover Chart

Hydreight Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

23.47

62.60

Hydreight Technologies Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial										37.03	23.47	20.70	24.60	30.15

Hydreight Technologies Inventory Turnover Calculation

Hydreight Technologies'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 )
=	4.476	/ (	(0.072	+	0.071)	/	2 )
=	4.476	/	0.0715
=	62.60

Hydreight Technologies's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1.99	/ (	(0.07	+	0.062)	/	2 )
=	1.99	/	0.066
=	30.15

Hydreight Technologies (FRA:SO6) 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.

Hydreight Technologies's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	0.066	/	1.99	*	365 / 4
	=	3.03

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.

Hydreight Technologies's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	0.066	/	3.01
	=	0.02

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.

Hydreight Technologies Inventory Turnover Related Terms

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Hydreight Technologies Business Description

Industry

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HYDTF:USA NURS:Canada

Address

1500 West Georgia Street, Suite 800, Vancouver, BC, CAN, V6G 2Z6

Website

https://www.hydreight.com

Hydreight Technologies Inc is a home healthcare and wellness platform that bridges the gap between provider compliance and patient convenience, empowering nurses, med spa technicians, and other licensed healthcare professionals. It delivers services independently, on its own terms, or adds mobile services to existing location-based operations. The platform includes a built-in, easy-to-use suite of fully-integrated tools for accounting, documentation, sales, inventory, booking, managing patient data, and more, Hydreight has a 503B pharmacy license and is a U.S. certified e-script and telemedicine provider that allows it to provide services in over 50 states.

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