Healthway Medical (SGX:5NG) Inventory Turnover : 2.23 (As of Jun. 2023)

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What is Healthway Medical 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. Healthway Medical's Cost of Goods Sold for the six months ended in Jun. 2023 was S$13.3 Mil. Healthway Medical's Average Total Inventories for the quarter that ended in Jun. 2023 was S$5.9 Mil. Healthway Medical's Inventory Turnover for the quarter that ended in Jun. 2023 was 2.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Healthway Medical's Days Inventory for the six months ended in Jun. 2023 was 81.80.

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. Healthway Medical's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.07.

Healthway Medical Inventory Turnover Historical Data

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

Healthway Medical Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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7.07

7.21

5.80

7.96

6.04

Healthway Medical Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															4.06	4.37	3.72	2.84	2.23

Healthway Medical Inventory Turnover Calculation

Healthway Medical's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	27.6	/ (	(3.536	+	5.609)	/	2 )
=	27.6	/	4.5725
=	6.04

Healthway Medical's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	13.253	/ (	(5.609	+	6.271)	/	2 )
=	13.253	/	5.94
=	2.23

Healthway Medical (SGX:5NG) 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.

Healthway Medical's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	5.94	/	13.253	*	365 / 2
	=	81.80

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.

Healthway Medical's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	5.94	/	80.943
	=	0.07

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.

Healthway Medical Inventory Turnover Related Terms

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Healthway Medical (SGX:5NG) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Healthway Medical Corp Ltd (SGX:5NG) » Definitions » Inventory Turnover

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Address

6 Shenton Way, No. 10-09 OUE Downtown 2, Singapore, SGP, 068809

Website

https://www.healthwaymedical.com

Healthway Medical Corp Ltd is an investment holding company, that provides healthcare management services primarily in Singapore and China. The company operates in two segments: Primary Healthcare and Specialist Healthcare. The Primary Healthcare segment offers services in family medicine, dentistry, and healthcare benefit management areas, as well as invests in the strategic medical-related business. The Specialist Healthcare serves the areas of pediatrics, orthopedics, aesthetic medicine, obstetrics, and gynecology. Its operations are mainly in Singapore.

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