MFCSF (Medical Facilities) Inventory Turnover : 3.39 (As of Sep. 2024)

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What is Medical Facilities 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. Medical Facilities's Cost of Goods Sold for the three months ended in Sep. 2024 was $32.4 Mil. Medical Facilities's Average Total Inventories for the quarter that ended in Sep. 2024 was $9.6 Mil. Medical Facilities's Inventory Turnover for the quarter that ended in Sep. 2024 was 3.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Medical Facilities's Days Inventory for the three months ended in Sep. 2024 was 26.92.

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. Medical Facilities's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.09.

Medical Facilities Inventory Turnover Historical Data

The historical data trend for Medical Facilities'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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Medical Facilities Inventory Turnover Chart

Medical Facilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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16.02

14.41

13.02

14.48

16.33

Medical Facilities 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															3.65	4.30	3.82	3.65	3.39

Medical Facilities Inventory Turnover Calculation

Medical Facilities'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 )
=	148.9	/ (	(9.227	+	9.008)	/	2 )
=	148.9	/	9.1175
=	16.33

Medical Facilities'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 )
=	32.387	/ (	(9.432	+	9.675)	/	2 )
=	32.387	/	9.5535
=	3.39

Medical Facilities (OTCPK:MFCSF) 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.

Medical Facilities'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
	=	9.5535	/	32.387	*	365 / 4
	=	26.92

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.

Medical Facilities'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 )
	=	9.5535	/	103.573
	=	0.09

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.

Medical Facilities Inventory Turnover Related Terms

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Medical Facilities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Medical Facilities Corp (OTCPK:MFCSF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

31F:Germany 31F:Germany DR:Canada

Address

4576 Yonge Street, Suite 701, Toronto, ON, CAN, M2N 6N4

Website

https://www.medicalfacilitiescorp.ca

Medical Facilities Corp owns a diverse portfolio of surgical facilities in the United States. Through its wholly-owned subsidiaries, the company owns controlling interests in four specialty hospitals and six ambulatory surgery centers. The hospitals offer a range of non-emergency surgical, imaging, pain management procedures, and other ancillary services. The company's key revenue source is generated from the facility service income. The corporation's operations are based in the United States.