Maitreya Medicare (NSE:MAITREYA) Inventory Turnover : 8.34 (As of Sep. 2023)

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What is Maitreya Medicare 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. Maitreya Medicare's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹54.5 Mil. Maitreya Medicare's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹6.5 Mil. Maitreya Medicare's Inventory Turnover for the quarter that ended in Sep. 2023 was 8.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Maitreya Medicare's Days Inventory for the six months ended in Sep. 2023 was 21.90.

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. Maitreya Medicare's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.03.

Maitreya Medicare Inventory Turnover Historical Data

The historical data trend for Maitreya Medicare'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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Maitreya Medicare Inventory Turnover Chart

Maitreya Medicare Annual Data

Trend

Mar21

Mar22

Mar23

Inventory Turnover

7.86

11.87

12.52

Maitreya Medicare Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Inventory Turnover	-	-	-	8.34

Maitreya Medicare Inventory Turnover Calculation

Maitreya Medicare's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	92.964	/ (	(6.869	+	7.985)	/	2 )
=	92.964	/	7.427
=	12.52

Maitreya Medicare's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	54.495	/ (	(7.985	+	5.091)	/	2 )
=	54.495	/	6.538
=	8.34

Maitreya Medicare (NSE:MAITREYA) 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.

Maitreya Medicare's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	6.538	/	54.495	*	365 / 2
	=	21.90

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.

Maitreya Medicare's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	6.538	/	247.936
	=	0.03

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.

Maitreya Medicare Inventory Turnover Related Terms

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Maitreya Medicare Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Nr. Someshwara Char Rasta, Udhana - Magdalla Road, Surat, GJ, IND, 395007

Website

https://www.maitreyahospitals.com

Maitreya Medicare Ltd is Multi Superspeciality hospital. It is a 125 bedded hospital that provides multi-disciplinary integrated healthcare services, with a focus on primary secondary & tertiary care, and also offers a comprehensive range of healthcare services across over 18 specialties and super specialties, including Cardiology, Urology, Oncology, Laparoscopic Surgery, Neurology, Neurosurgery, Spine Surgery, Nephrology including Dialysis, Gastroenterology, Gastrointestinal surgery, Cardiothoracic Surgery, Oncosurgery, Orthopedic Surgery including joint replacements and Arthroscopic surgeries, Gynecology & High-Risk Obstetrics, Hepatocellular Billary Surgery, Critical Care Medicine etc.

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