Hapvida Participacoes Investimento (BSP:HAPV3) Inventory Turnover : 16.34 (As of Dec. 2023)

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What is Hapvida Participacoes Investimento 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. Hapvida Participacoes Investimento's Cost of Goods Sold for the three months ended in Dec. 2023 was R$4,939 Mil. Hapvida Participacoes Investimento's Average Total Inventories for the quarter that ended in Dec. 2023 was R$302 Mil. Hapvida Participacoes Investimento's Inventory Turnover for the quarter that ended in Dec. 2023 was 16.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hapvida Participacoes Investimento's Days Inventory for the three months ended in Dec. 2023 was 5.58.

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. Hapvida Participacoes Investimento's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Hapvida Participacoes Investimento Inventory Turnover Historical Data

The historical data trend for Hapvida Participacoes Investimento'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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Hapvida Participacoes Investimento Inventory Turnover Chart

Hapvida Participacoes Investimento Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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74.01

59.74

52.72

82.68

67.79

Hapvida Participacoes Investimento Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															17.63	18.52	19.03	17.85	16.34

Hapvida Participacoes Investimento Inventory Turnover Calculation

Hapvida Participacoes Investimento'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 )
=	20314.699	/ (	(280.759	+	318.605)	/	2 )
=	20314.699	/	299.682
=	67.79

Hapvida Participacoes Investimento'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	4939.319	/ (	(286.016	+	318.605)	/	2 )
=	4939.319	/	302.3105
=	16.34

Hapvida Participacoes Investimento (BSP:HAPV3) 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.

Hapvida Participacoes Investimento's Days Inventory for the three 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
	=	302.3105	/	4939.319	*	365 / 4
	=	5.58

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.

Hapvida Participacoes Investimento'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 )
	=	302.3105	/	6935.527
	=	0.04

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.

Hapvida Participacoes Investimento Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Hapvida Participacoes Investimento's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Hapvida Participacoes Investimento (BSP:HAPV3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hapvida Participacoes Investimento SA (BSP:HAPV3) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 406, Avenue Heraclito Graca, Fortaleza, CE, BRA, 60140-061

Website

https://ri.hapvida.com.br

Hapvida Participacoes Investimento SA is the medical-hospital and dental care company. The Company and its subsidiaries are mainly engaged in: (i) the sale of health insurance plans and delivering the majority of medical assistance at its own hospitals, clinics, imaging diagnostics and laboratories; and (ii) the sale of dental insurance plans for services provided by an accredited network.

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