Clarity Medical Group Holding (HKSE:01406) Inventory Turnover : 5.25 (As of Sep. 2024)

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What is Clarity Medical Group Holding 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. Clarity Medical Group Holding's Cost of Goods Sold for the six months ended in Sep. 2024 was HK$18.7 Mil. Clarity Medical Group Holding's Average Total Inventories for the quarter that ended in Sep. 2024 was HK$3.6 Mil. Clarity Medical Group Holding's Inventory Turnover for the quarter that ended in Sep. 2024 was 5.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Clarity Medical Group Holding's Days Inventory for the six months ended in Sep. 2024 was 34.74.

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. Clarity Medical Group Holding's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.04.

Clarity Medical Group Holding Inventory Turnover Historical Data

The historical data trend for Clarity Medical Group Holding'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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Clarity Medical Group Holding Inventory Turnover Chart

Clarity Medical Group Holding Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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8.33

7.44

9.69

10.10

10.29

Clarity Medical Group Holding Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial					5.85	5.49	4.07	3.95	5.25

Clarity Medical Group Holding Inventory Turnover Calculation

Clarity Medical Group Holding's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	37.326	/ (	(3.682	+	3.576)	/	2 )
=	37.326	/	3.629
=	10.29

Clarity Medical Group Holding'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: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	18.707	/ (	(3.576	+	3.545)	/	2 )
=	18.707	/	3.5605
=	5.25

Clarity Medical Group Holding (HKSE:01406) 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.

Clarity Medical Group Holding's Days Inventory for the six 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
	=	3.5605	/	18.707	*	365 / 2
	=	34.74

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.

Clarity Medical Group Holding'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 )
	=	3.5605	/	87.201
	=	0.04

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.

Clarity Medical Group Holding Inventory Turnover Related Terms

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Clarity Medical Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Clarity Medical Group Holding Ltd (HKSE:01406) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Queen’s Road Central, Room 1302, 13th Floor, Hong Kong, HKG

Website

https://www.claritymedic.com

Clarity Medical Group Holding Ltd is committed to providing comprehensive and professional ophthalmic services for patients with various eye conditions. It operates two medical centers in Central and Mongkok. The medical centers are equipped with medical instruments and surgical equipment which allows performing various ophthalmic examinations, treatments, and surgeries for patients.

Executives

Tian Jin Zhong You Jian Kang Ke Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Ying Tong Ke Ji Fa Zhan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Innovative Vision Inc	2101 Beneficial owner
Innovative Vision Gp Ltd (formerly Known As Global Vision Gp Ltd)	2201 Interest of corporation controlled by you
Global Vision Investment Lp	2201 Interest of corporation controlled by you
3w Partners Gp Limited	2201 Interest of corporation controlled by you
Chan Hoi Hin William	2501 Other
Goh Lu Hong	2501 Other
Clear Lead Ventures Limited	2101 Beneficial owner
3w Partners Holdings Limited	2201 Interest of corporation controlled by you
3w Partners Fund I L.p.	2201 Interest of corporation controlled by you
Prime Sage International Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Ultimate Bliss Limited	2307 Founder of a discretionary trust who can infl
Tse Wai Ip	2307 Founder of a discretionary trust who can infl

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