Human Health Holdings (HKSE:01419) Inventory Turnover : 5.06 (As of Dec. 2023)

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What is Human Health Holdings 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. Human Health Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$154.7 Mil. Human Health Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$30.5 Mil. Human Health Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Human Health Holdings's Days Inventory for the six months ended in Dec. 2023 was 36.03.

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. Human Health Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

Human Health Holdings Inventory Turnover Historical Data

The historical data trend for Human Health Holdings'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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Human Health Holdings Inventory Turnover Chart

Human Health Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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27.27

20.97

21.34

28.62

17.51

Human Health Holdings Semi-Annual Data
	Jun13	Jun14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															12.22	17.68	8.92	6.74	5.06

Human Health Holdings Inventory Turnover Calculation

Human Health Holdings's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	408.51	/ (	(18.329	+	28.326)	/	2 )
=	408.51	/	23.3275
=	17.51

Human Health Holdings'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 )
=	154.684	/ (	(28.326	+	32.759)	/	2 )
=	154.684	/	30.5425
=	5.06

Human Health Holdings (HKSE:01419) 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.

Human Health Holdings'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
	=	30.5425	/	154.684	*	365 / 2
	=	36.03

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.

Human Health Holdings'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 )
	=	30.5425	/	295.19
	=	0.10

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.

Human Health Holdings Inventory Turnover Related Terms

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Human Health Holdings (HKSE:01419) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Human Health Holdings Ltd (HKSE:01419) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

12th Floor, 3 Sheung Yuet Road, Phase 2, Enterprise Square Two, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.humanhealth.com.hk

Human Health Holdings Ltd is engaged in the provision of healthcare services. The company segments include general practice services, specialties services, and dental services. It offers general practice services, including general consultation, diagnostics, and preventative health, minor procedure, vaccination, physical check-up, health education, occupational health advisory, Cardiology, Dental Implant, Urology, work injury assessment services, Orthodontics and others. The company generates maximum revenue from the general practice services segment.

Executives

Bei Jing Feng Huang Lian He Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Xu Jie	2201 Interest of corporation controlled by you
Treasure Group Global Limited	2101 Beneficial owner
Capital Healthcare International Limited	2101 Beneficial owner
Chan Kin Ping	2201 Interest of corporation controlled by you
Pang Lai Sheung	2201 Interest of corporation controlled by you
Shou Du Yi Liao Jian Kang Chan Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

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