Green Cross Health (NZSE:GXH) Inventory Turnover : 3.48 (As of Sep. 2024)

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What is Green Cross 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. Green Cross Health's Cost of Goods Sold for the six months ended in Sep. 2024 was NZ$110.4 Mil. Green Cross Health's Average Total Inventories for the quarter that ended in Sep. 2024 was NZ$31.8 Mil. Green Cross Health's Inventory Turnover for the quarter that ended in Sep. 2024 was 3.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Green Cross Health's Days Inventory for the six months ended in Sep. 2024 was 52.51.

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. Green Cross Health's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.12.

Green Cross Health Inventory Turnover Historical Data

The historical data trend for Green Cross 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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Green Cross Health Inventory Turnover Chart

Green Cross Health Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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5.79

5.78

6.72

6.63

6.88

Green Cross Health Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															3.19	3.40	3.28	3.43	3.48

Green Cross Health Inventory Turnover Calculation

Green Cross 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 )
=	214.592	/ (	(31.961	+	30.445)	/	2 )
=	214.592	/	31.203
=	6.88

Green Cross Health'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: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	110.383	/ (	(30.445	+	33.075)	/	2 )
=	110.383	/	31.76
=	3.48

Green Cross Health (NZSE:GXH) 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.

Green Cross Health's Days Inventory for the six 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
	=	31.76	/	110.383	*	365 / 2
	=	52.51

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.

Green Cross Health'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 )
	=	31.76	/	259.877
	=	0.12

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.

Green Cross Health Inventory Turnover Related Terms

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Green Cross Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Green Cross Health Ltd (NZSE:GXH) » Definitions » Inventory Turnover

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Address

602 Great South Road, Ellerslie, Ground Floor, Building B, Millennium Centre, Auckland, NTL, NZL, 1051

Website

https://www.greencrosshealth.co.nz

Green Cross Health Ltd is engaged in providing healthcare services in New Zealand. The reportable segments of the group are Pharmacy services, Medical services. The majority of the revenue is generated from the Pharmacy services segment. Its pharmacy services segment includes operations like providing pharmacy services through consolidated stores, equity-accounted investments, and franchise stores under the Unichem and Life Pharmacy brands. The medical service segment provides complete family healthcare services through general practitioners, accidents, and medical centers, with many operating under The Doctors Brand. Its community health segment provides services directly to the community to support independent living.

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