Labiana Health (XMAD:LAB) Inventory Turnover : 0.92 (As of Dec. 2022)

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What is Labiana 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. Labiana Health's Cost of Goods Sold for the six months ended in Dec. 2022 was €14.39 Mil. Labiana Health's Average Total Inventories for the quarter that ended in Dec. 2022 was €15.66 Mil. Labiana Health's Inventory Turnover for the quarter that ended in Dec. 2022 was 0.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Labiana Health's Days Inventory for the six months ended in Dec. 2022 was 198.58.

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. Labiana Health's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.54.

Labiana Health Inventory Turnover Historical Data

The historical data trend for Labiana 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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Labiana Health Inventory Turnover Chart

Labiana Health Annual Data

Trend

Dec20

Dec21

Dec22

Inventory Turnover

1.69

1.51

1.75

Labiana Health Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22
Inventory Turnover	-	-	0.67	0.92

Labiana Health Inventory Turnover Calculation

Labiana Health'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 )
=	25.215	/ (	(14.919	+	13.833)	/	2 )
=	25.215	/	14.376
=	1.75

Labiana Health's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	14.389	/ (	(17.481	+	13.833)	/	2 )
=	14.389	/	15.657
=	0.92

Labiana Health (XMAD:LAB) 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.

Labiana Health's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	15.657	/	14.389	*	365 / 2
	=	198.58

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.

Labiana Health's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	15.657	/	28.787
	=	0.54

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.

Labiana Health Inventory Turnover Related Terms

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Labiana Health (XMAD:LAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Labiana Health SA (XMAD:LAB) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Avenida Europa, 34 1st D, Pozuelo de Alarcon, Madrid, ESP, 28023

Website

https://www.labiana.com

Labiana Health SA is a manufacturer of pharmacological products for veterinary use. The company's activities include GMP manufacturer for EU animal and human health industries, manufacturer specialized in sterile and lyophilized dosage forms, source of development, acquisition, and licensing of molecules such as Fosfomycin Trometamol.