Meinian Onehealth Healthcare Holdings Co (SZSE:002044) Inventory Turnover : 5.86 (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Meinian Onehealth Healthcare Holdings 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. Meinian Onehealth Healthcare Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,296 Mil. Meinian Onehealth Healthcare Holdings Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥221 Mil. Meinian Onehealth Healthcare Holdings Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meinian Onehealth Healthcare Holdings Co's Days Inventory for the three months ended in Mar. 2024 was 15.56.

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. Meinian Onehealth Healthcare Holdings Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.12.

Meinian Onehealth Healthcare Holdings Co Inventory Turnover Historical Data

The historical data trend for Meinian Onehealth Healthcare Holdings 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.

* Premium members only.

Meinian Onehealth Healthcare Holdings Co Inventory Turnover Chart

Meinian Onehealth Healthcare Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

37.41

37.45

39.25

30.14

27.61

Meinian Onehealth Healthcare Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															6.68	6.53	7.45	8.60	5.86

Meinian Onehealth Healthcare Holdings Co Inventory Turnover Calculation

Meinian Onehealth Healthcare Holdings Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	6232.314	/ (	(224.431	+	227.095)	/	2 )
=	6232.314	/	225.763
=	27.61

Meinian Onehealth Healthcare Holdings Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1296.223	/ (	(227.095	+	214.986)	/	2 )
=	1296.223	/	221.0405
=	5.86

Meinian Onehealth Healthcare Holdings Co (SZSE:002044) 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.

Meinian Onehealth Healthcare Holdings Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	221.0405	/	1296.223	*	365 / 4
	=	15.56

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.

Meinian Onehealth Healthcare Holdings Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	221.0405	/	1801.337
	=	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.

Meinian Onehealth Healthcare Holdings Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Meinian Onehealth Healthcare Holdings Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Meinian Onehealth Healthcare Holdings Co (SZSE:002044) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Meinian Onehealth Healthcare Holdings Co Ltd (SZSE:002044) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 218 Renmin East Road, Jiangsu Province, Nantong, CHN, 200072

Website

http://www.health-100.cn

Meinian Onehealth Healthcare Holdings Co Ltd is engaged in the provision of physical examination and medical services. The firm provides health consultation, and health assessment services among others.

Executives

Ning Yi	Executives
Lin Lin	Executives
Xu Ke	Director
Yu Rong	Director
Guo Mei Ling	Director
Hu Rui Lian	Director
Yu Ji Ye	Supervisors
Wen Hai Yan	Executives
Li Jun De	Director
Cui Lan	Supervisors
Zhang Bin Yun	Director
Shen Yong Yan	Executives
Zhang Song	Executives
Ge Qiu	Executives
Xu Xiang Dong	Directors, executives

Meinian Onehealth Healthcare Holdings Co (SZSE:002044) Headlines

No Headlines