Shanghai Topcare Medical Services Co (SHSE:600532) Inventory Turnover : 14.74 (As of Mar. 2023)

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What is Shanghai Topcare Medical Services Co 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. Shanghai Topcare Medical Services Co's Cost of Goods Sold for the three months ended in Mar. 2023 was ¥11.9 Mil. Shanghai Topcare Medical Services Co's Average Total Inventories for the quarter that ended in Mar. 2023 was ¥0.8 Mil. Shanghai Topcare Medical Services Co's Inventory Turnover for the quarter that ended in Mar. 2023 was 14.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Topcare Medical Services Co's Days Inventory for the three months ended in Mar. 2023 was 6.19.

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. Shanghai Topcare Medical Services Co's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.07.

Shanghai Topcare Medical Services Co Inventory Turnover Historical Data

The historical data trend for Shanghai Topcare Medical Services Co'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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Shanghai Topcare Medical Services Co Inventory Turnover Chart

Shanghai Topcare Medical Services Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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87.00

175.79

1,259.83

60.92

Shanghai Topcare Medical Services Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Inventory Turnover	Get a 7-Day Free Trial															12.26	16.60	10.74	-10.54	14.74

Shanghai Topcare Medical Services Co Inventory Turnover Calculation

Shanghai Topcare Medical Services Co'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 )
=	35.209	/ (	(0.496	+	0.66)	/	2 )
=	35.209	/	0.578
=	60.92

Shanghai Topcare Medical Services Co's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	11.927	/ (	(0.66	+	0.958)	/	2 )
=	11.927	/	0.809
=	14.74

Shanghai Topcare Medical Services Co (SHSE:600532) 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.

Shanghai Topcare Medical Services Co's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	0.809	/	11.927	*	365 / 4
	=	6.19

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.

Shanghai Topcare Medical Services Co's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	0.809	/	12.271
	=	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.

Shanghai Topcare Medical Services Co Inventory Turnover Related Terms

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Shanghai Topcare Medical Services Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shanghai Topcare Medical Services Co Ltd (SHSE:600532) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

488 Yincheng Middle Road, Room 2302, Taiping Financial Building, Pudong New Area, Shanghai, CHN, 200120

Website

http://www.hdky600532.com

Shanghai Topcare Medical Services Co Ltd, formerly Shanghai Hongda Mining Co Ltd and its subsidiaries are engaged in mining and exploration in Shandong Province.

Executives

Cui Zhi Huo	Director
Zhu Shi Min	senior management

Shanghai Topcare Medical Services Co Headlines

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