Thyrocare Technologies (NSE:THYROCARE) Inventory Turnover : 0.68 (As of Mar. 2025)

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What is Thyrocare Technologies 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. Thyrocare Technologies's Cost of Goods Sold for the three months ended in Mar. 2025 was ₹495 Mil. Thyrocare Technologies's Average Total Inventories for the quarter that ended in Mar. 2025 was ₹730 Mil. Thyrocare Technologies's Inventory Turnover for the quarter that ended in Mar. 2025 was 0.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Thyrocare Technologies's Days Inventory for the three months ended in Mar. 2025 was 134.63.

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. Thyrocare Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.39.

Thyrocare Technologies Inventory Turnover Historical Data

The historical data trend for Thyrocare Technologies'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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Thyrocare Technologies Inventory Turnover Chart

Thyrocare Technologies Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Inventory Turnover

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7.45

7.09

6.25

4.43

3.17

Thyrocare Technologies Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															0.98	0.96	1.16	1.02	0.68

Thyrocare Technologies Inventory Turnover Calculation

Thyrocare Technologies's Inventory Turnover for the fiscal year that ended in Mar. 2025 is calculated as

	Inventory Turnover (A: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2025 )	/ (	(Total Inventories (A: Mar. 2024 )	+	Total Inventories (A: Mar. 2025 ))	/	count )
=	1910.8	/ (	(475.2	+	730)	/	2 )
=	1910.8	/	602.6
=	3.17

Thyrocare Technologies's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	494.8	/ (	(0	+	730)	/	1 )
=	494.8	/	730
=	0.68

Thyrocare Technologies (NSE:THYROCARE) 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.

Thyrocare Technologies's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	730	/	494.8	*	365 / 4
	=	134.63

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.

Thyrocare Technologies's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	730	/	1871.6
	=	0.39

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.

Thyrocare Technologies Inventory Turnover Related Terms

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Thyrocare Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Thyrocare Technologies Ltd (NSE:THYROCARE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

539871:India

Address

D-37/3, TTC Industrial Area, MIDC, Turbhe, Opposite Sandoz, Navi Mumbai, MH, IND, 400703

Website

https://www.thyrocare.com

Thyrocare Technologies Ltd is a diagnostics & research company. The company has three business segments: Diagnostic Testing Services, Imaging Services, and Others. The Diagnostic Testing Services segment provides a medical diagnostic investigation into thyroid disorders, metabolism disorders, diabetes, anemia, infertility, auto-immunity, and other infectious diseases. The company majorly earns the majority of its revenue from the Diagnostic Testing Services segment. The Imaging Services segment operates a network of imaging centers focused on early and effective cancer monitoring. The Other business segment provides miscellaneous services. The company earns the vast majority of its revenue in India.

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