Ramsay Health Care (ASX:RHC) Total Inventories : A$384 Mil (As of Dec. 2023)

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What is Ramsay Health Care Total Inventories?

Ramsay Health Care's total inventories for the quarter that ended in Dec. 2023 was A$384 Mil. Ramsay Health Care's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$386 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ramsay Health Care's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-59.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ramsay Health Care's Days Inventory for the six months ended in Dec. 2023 was 38.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ramsay Health Care's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.70.

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. Ramsay Health Care's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Ramsay Health Care Total Inventories Historical Data

The historical data trend for Ramsay Health Care's Total Inventories 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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Ramsay Health Care Total Inventories Chart

Ramsay Health Care Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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344.80

411.00

409.40

376.80

388.60

Ramsay Health Care Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															410.90	376.80	392.80	388.60	383.90

Ramsay Health Care Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Ramsay Health Care (ASX:RHC) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Ramsay Health Care's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(361.7	+	0.75 * 2434.7	+	0.5 * 383.9	-	15147.7
-	252.2	-	656.3)	/	229.435
=	-59.61

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Ramsay Health Care'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
	=	386.25	/	1814.5	*	365 / 2
	=	38.85

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Ramsay Health Care's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1814.5	/	386.25
	=	4.70

4. 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.

Ramsay Health Care'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 )
	=	386.25	/	8085.1
	=	0.05

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Ramsay Health Care Total Inventories Related Terms

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Ramsay Health Care (ASX:RHC) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ramsay Health Care Ltd (ASX:RHC) » Definitions » Total Inventories

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RMYHY:USA RMSYF:USA RMY:Germany RHCPA.PFD:Australia

Address

126 Phillip Street, Suite 18.03, Level 18, Deutsche Bank Place, Sydney, NSW, AUS, 2000

Website

https://www.ramsayhealth.com

Ramsay Health Care is one of the largest private healthcare providers in the world, with over 460 facilities across 10 countries. The key markets in which it operates are Australia, France, the U.K., and Sweden. It is the largest private hospital group in each of these markets except for the U.K. where it ranks fifth. Ramsay Sante, which operates the European regions other than the U.K., is a 52.5%-owned subsidiary of Ramsay Health Care. The company typically earns about 60% of consolidated earnings in Australia and 30% in France. Ramsay Health Care undertakes both private and publicly funded healthcare.

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