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Optima Health (LSE:OPT) Inventory Turnover : 658.52 (As of Mar. 2024)


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What is Optima Health 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. Optima Health's Cost of Goods Sold for the six months ended in Mar. 2024 was £74.4 Mil. Optima Health's Average Total Inventories for the quarter that ended in Mar. 2024 was £0.1 Mil. Optima Health's Inventory Turnover for the quarter that ended in Mar. 2024 was 658.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Optima Health's Days Inventory for the six months ended in Mar. 2024 was 0.28.

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. Optima Health's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Optima Health Inventory Turnover Historical Data

The historical data trend for Optima Health'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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Optima Health Inventory Turnover Chart

Optima Health Annual Data
Trend Mar22 Mar23 Mar24
Inventory Turnover
305.21 746.79 658.52

Optima Health Semi-Annual Data
Mar22 Mar23 Mar24
Inventory Turnover 305.21 746.79 658.52

Optima Health Inventory Turnover Calculation

Optima Health'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 )
=74.413 / ((0.163 + 0.063) / 2 )
=74.413 / 0.113
=658.52

Optima Health's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover (Q: Mar. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2024 ) / ((Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count )
=74.413 / ((0.163 + 0.063) / 2 )
=74.413 / 0.113
=658.52

* 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.

Optima Health  (LSE:OPT) 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.

Optima Health's Days Inventory for the six months ended in Mar. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=0.113/74.413*365 / 2
=0.28

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.

Optima Health's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=0.113 / 110.887
=0.00

* 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.

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.

Optima Health Inventory Turnover Related Terms

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Optima Health Business Description

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J3N:Germany
Address
2 Hayland Street, Meadow Court, Sheffield, GBR, S9 1BY
Website
https://www.optimahealth.co.uk
Optima Health PLC is a provider of technology enabled corporate health and wellbeing solutions in the occupational health sector. The group offers a comprehensive range of flexible and progressive services from statutory-driven workplace health surveillance medicals to proactive and preventive interventions, through to workplace health advice and attendance management assessments, and ultimately rehabilitation programs and pathways aimed at returning people to work.