Universal Health International Group Holding (HKSE:02211) Inventory Turnover : 3.21 (As of Dec. 2023)

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What is Universal Health International 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. Universal Health International Group Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$542 Mil. Universal Health International Group Holding's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$169 Mil. Universal Health International Group Holding's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Universal Health International Group Holding's Days Inventory for the six months ended in Dec. 2023 was 56.78.

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. Universal Health International Group Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

Universal Health International Group Holding Inventory Turnover Historical Data

The historical data trend for Universal Health International 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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Universal Health International Group Holding Inventory Turnover Chart

Universal Health International Group Holding Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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6.09

4.24

3.70

4.52

5.87

Universal Health International Group Holding Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.22	2.68	3.53	2.45	3.21

Universal Health International Group Holding Inventory Turnover Calculation

Universal Health International Group Holding'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 )
=	1184.772	/ (	(223.858	+	179.52)	/	2 )
=	1184.772	/	201.689
=	5.87

Universal Health International Group Holding'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 )
=	541.592	/ (	(179.52	+	157.511)	/	2 )
=	541.592	/	168.5155
=	3.21

Universal Health International Group Holding (HKSE:02211) 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.

Universal Health International Group Holding'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
	=	168.5155	/	541.592	*	365 / 2
	=	56.78

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.

Universal Health International Group Holding'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 )
	=	168.5155	/	646.794
	=	0.26

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.

Universal Health International Group Holding Inventory Turnover Related Terms

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Universal Health International Group Holding (HKSE:02211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Universal Health International Group Holding Ltd (HKSE:02211) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 14-1, Bei Yi Zhong Road, Tiexi District, Liaoning Province, Shenyang, CHN

Website

http://www.uhighl.com

Universal Health International Group Holding Ltd distributes and retails pharmaceutical products in Northeast China. It sells prescription and OTC products, healthcare products, medical devices, and other personal and family care products. The company operates its business through two segments: Distributions and Retails, out of which, majority of revenue is earned by Distributions Segment.

Executives

Chu Chuanfu	2201 Interest of corporation controlled by you
Jin Dongtao	2201 Interest of corporation controlled by you
Asia Health Century International Inc.
Chen Xiaoyan
Global Health Century International Group Ltd.
Lee Funglun

Universal Health International Group Holding (HKSE:02211) Headlines

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