HLYK (HealthLynked) Inventory Turnover : 0.37 (As of Sep. 2024)

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What is HealthLynked 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. HealthLynked's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.03 Mil. HealthLynked's Average Total Inventories for the quarter that ended in Sep. 2024 was $0.09 Mil. HealthLynked's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HealthLynked's Days Inventory for the three months ended in Sep. 2024 was 249.51.

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. HealthLynked's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.15.

HealthLynked Inventory Turnover Historical Data

The historical data trend for HealthLynked'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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HealthLynked Inventory Turnover Chart

HealthLynked Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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14.11

5.27

2.82

0.87

HealthLynked Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.28	0.25	0.22	0.22	0.37

HealthLynked Inventory Turnover Calculation

HealthLynked'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 )
=	0.142	/ (	(0.193	+	0.133)	/	2 )
=	0.142	/	0.163
=	0.87

HealthLynked'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 )
=	0.032	/ (	(0.096	+	0.079)	/	2 )
=	0.032	/	0.0875
=	0.37

HealthLynked (OTCPK:HLYK) 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.

HealthLynked'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
	=	0.0875	/	0.032	*	365 / 4
	=	249.51

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.

HealthLynked'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 )
	=	0.0875	/	0.59
	=	0.15

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.

HealthLynked Inventory Turnover Related Terms

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HealthLynked Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HealthLynked Corp (OTCPK:HLYK) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1265 Creekside Parkway, Suite 302, Naples, FL, USA, 34108

Website

https://www.healthlynked.com

HealthLynked Corp operates a cloud-based online personal medical information and records archiving system for patients and doctors to keep track of medical information via the Internet in a cloud-based system. It operates in three segments: Health Services, Digital Healthcare, and Medical Distribution. The majority of its revenue is generated from the Health Services segment, which is into operations of Naples Women's Center, Naples Center for Functional Medicine, and Bridging the Gap Physical Therapy.

Executives

Robert P Gasparini	director	12701 COMMONWEALTH DRIVE, SUITE 9, FORT MYERS FL 33913
Daniel L. Hall	director	C/O HEALTHLYNKED CORP., 1035 COLLIER CENTER WAY SUITE 3, NAPLES FL 34110
Heather Monahan	director	520 WEST AVE., #1704, MIAMI BEACH FL 33139
Paul Hobaica	director	1265 CREEKSIDE PARKWAY, SUITE 302, NAPLES FL 34108
Robert P. Mino	director	1072 LAKESHORE DR., JUPITER FL 33458
George O'leary	director, officer: Chief Financial Officer	C/O ISONICS CORPORATION, 5906 MCINTYRE STREET, GOLDEN CO 80403
Michael T Dent	director, 10 percent owner, officer: Chief Executive Officer	12701 COMMONWEALTH DRIVE, SUITE 9, FORT MYERS FL 33913