Global Health (NSE:MEDANTA) Inventory Turnover : 2.90 (As of Mar. 2024)

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What is Global 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. Global Health's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,937 Mil. Global Health's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹669 Mil. Global Health's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Global Health's Days Inventory for the three months ended in Mar. 2024 was 31.49.

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. Global Health's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.08.

Global Health Inventory Turnover Historical Data

The historical data trend for Global 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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Global Health Inventory Turnover Chart

Global Health Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

8.43

8.91

11.66

10.99

11.94

Global Health Quarterly Data
	Mar20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial								2.73	3.00	2.64	2.60	2.90

Global Health Inventory Turnover Calculation

Global 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 )
=	7593.6	/ (	(603.709	+	668.5)	/	2 )
=	7593.6	/	636.1045
=	11.94

Global 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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1937.415	/ (	(0	+	668.5)	/	1 )
=	1937.415	/	668.5
=	2.90

Global Health (NSE:MEDANTA) 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.

Global Health's Days Inventory for the three 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
	=	668.5	/	1937.415	*	365 / 4
	=	31.49

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.

Global 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 )
	=	668.5	/	8255.305
	=	0.08

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.

Global Health Inventory Turnover Related Terms

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Global Health (NSE:MEDANTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Global Health Ltd (NSE:MEDANTA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

543654:India

Address

E - 18, Medanta - The Medicity, Defence Colony, New Delhi, IND, 110024

Website

https://www.medanta.org

Global Health Ltd operates as a private multi-specialty tertiary care provider operating in the North and East regions of India, with key specialties of cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopedics, liver transplant, and kidney and urology. Under the Medanta brand, it has a network of hospitals in operation (Gurugram, Indore, Ranchi, and Lucknow), a hospital that is under construction with an operational outpatient facility (Patna), and a hospital (Noida) planned for development. The Group operates Healthcare services as a single business segment in India, constituting a single geographical segment.

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