Sonic Healthcare (Sonic Healthcare) Inventory Turnover : 3.32 (As of Dec. 2023)

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What is Sonic Healthcare 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. Sonic Healthcare's Cost of Goods Sold for the six months ended in Dec. 2023 was $459 Mil. Sonic Healthcare's Average Total Inventories for the quarter that ended in Dec. 2023 was $138 Mil. Sonic Healthcare's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sonic Healthcare's Days Inventory for the six months ended in Dec. 2023 was 54.92.

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. Sonic Healthcare's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Sonic Healthcare Inventory Turnover Historical Data

The historical data trend for Sonic Healthcare'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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Sonic Healthcare Inventory Turnover Chart

Sonic Healthcare Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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8.47

7.87

8.69

6.97

6.01

Sonic Healthcare Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.26	3.32	2.83	3.17	3.32

Sonic Healthcare Inventory Turnover Calculation

Sonic Healthcare's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	858.856	/ (	(151.928	+	133.692)	/	2 )
=	858.856	/	142.81
=	6.01

Sonic Healthcare's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	458.627	/ (	(133.692	+	142.341)	/	2 )
=	458.627	/	138.0165
=	3.32

Sonic Healthcare (OTCPK:SKHHY) 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.

Sonic Healthcare's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	138.0165	/	458.627	*	365 / 2
	=	54.92

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.

Sonic Healthcare's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	138.0165	/	2881.959
	=	0.05

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.

Sonic Healthcare Inventory Turnover Related Terms

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Sonic Healthcare (Sonic Healthcare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Sonic Healthcare Ltd (OTCPK:SKHHY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SKHCF:USA SAB:Germany SHL:Australia

Address

225 George Street, Level 22, Grosvenor Place, Sydney, NSW, AUS, 2000

Website

https://www.sonichealthcare.com

Sonic Healthcare is a global pathology provider. It is the largest private operator in Australia, Germany, Switzerland and the U.K., the second largest in Belgium and New Zealand and the third largest in the U.S. In addition to pathology, which contributes roughly 85% of group revenue, Sonic is the second largest player in diagnostic imaging in Australia and the largest operator of medical centers in Australia. The company typically earns about 40% of group revenue in Australia and New Zealand, 25% in the U.S. and 35% in Europe.