China Medical & HealthCare Group (HKSE:00383) Inventory Turnover : 2.23 (As of Dec. 2023)

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What is China Medical & HealthCare 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. China Medical & HealthCare Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$668 Mil. China Medical & HealthCare Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$299 Mil. China Medical & HealthCare Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Medical & HealthCare Group's Days Inventory for the six months ended in Dec. 2023 was 81.75.

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. China Medical & HealthCare Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.37.

China Medical & HealthCare Group Inventory Turnover Historical Data

The historical data trend for China Medical & HealthCare 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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China Medical & HealthCare Group Inventory Turnover Chart

China Medical & HealthCare Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.56

4.71

7.54

5.10

4.14

China Medical & HealthCare Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															4.04	2.65	1.75	2.04	2.23

China Medical & HealthCare Group Inventory Turnover Calculation

China Medical & HealthCare 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 )
=	1282.604	/ (	(312.607	+	307.188)	/	2 )
=	1282.604	/	309.8975
=	4.14

China Medical & HealthCare Group'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 )
=	668.028	/ (	(291.315	+	307.188)	/	2 )
=	668.028	/	299.2515
=	2.23

China Medical & HealthCare Group (HKSE:00383) 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.

China Medical & HealthCare Group'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
	=	299.2515	/	668.028	*	365 / 2
	=	81.75

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.

China Medical & HealthCare Group'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 )
	=	299.2515	/	807.873
	=	0.37

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.

China Medical & HealthCare Group Inventory Turnover Related Terms

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China Medical & HealthCare Group (HKSE:00383) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » China Medical & HealthCare Group Ltd (HKSE:00383) » Definitions » Inventory Turnover

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COLRF:USA SMI:Germany

Address

333 Lockhart Road, 47th Floor, United Asia Finance Centre, Wanchai, Hong Kong, HKG

Website

http://www.cmhg.com.hk

China Medical & HealthCare Group Ltd is a healthcare company operating hospitals. Its main focus is on the investment, management, and operations of healthcare and hospital businesses, eldercare businesses, trading of medical equipment and related supplies, property investment and development, securities trading and investments, provision of financial services, and strategic investment. It operates through the following business segments: Healthcare, Eldercare; Property development; Property investment; Financial services; and Securities trading and investments. The firm generates the majority of revenue from the Healthcare segment that is engaged in the operations of hospitals in the PRC.

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