Dr Agarwal'S Eye Hospital (BOM:526783) Inventory Turnover : 1.77 (As of Mar. 2024)

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What is Dr Agarwal'S Eye Hospital 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. Dr Agarwal'S Eye Hospital's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹173 Mil. Dr Agarwal'S Eye Hospital's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹98 Mil. Dr Agarwal'S Eye Hospital's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dr Agarwal'S Eye Hospital's Days Inventory for the three months ended in Mar. 2024 was 51.43.

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. Dr Agarwal'S Eye Hospital's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.12.

Dr Agarwal'S Eye Hospital Inventory Turnover Historical Data

The historical data trend for Dr Agarwal'S Eye Hospital'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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Dr Agarwal'S Eye Hospital Inventory Turnover Chart

Dr Agarwal'S Eye Hospital Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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5.53

4.93

8.52

10.39

8.96

Dr Agarwal'S Eye Hospital 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															2.66	2.74	2.39	2.19	1.77

Dr Agarwal'S Eye Hospital Inventory Turnover Calculation

Dr Agarwal'S Eye Hospital's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	705.5	/ (	(60	+	97.5)	/	2 )
=	705.5	/	78.75
=	8.96

Dr Agarwal'S Eye Hospital'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 )
=	173	/ (	(0	+	97.5)	/	1 )
=	173	/	97.5
=	1.77

Dr Agarwal'S Eye Hospital (BOM:526783) 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.

Dr Agarwal'S Eye Hospital'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
	=	97.5	/	173	*	365 / 4
	=	51.43

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.

Dr Agarwal'S Eye Hospital'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 )
	=	97.5	/	825.6
	=	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.

Dr Agarwal'S Eye Hospital Inventory Turnover Related Terms

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Dr Agarwal'S Eye Hospital (BOM:526783) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Dr Agarwal'S Eye Hospital Ltd (BOM:526783) » Definitions » Inventory Turnover

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Address

No. 4, Moores Road, Off Greams Road, 3rd Floor, Buhari Towers, Near Asan Memorial School, Chennai, TN, IND, 600 006

Website

https://www.dragarwal.com

Dr Agarwal'S Eye Hospital Ltd is a provider of eye care and related services. The company's specialty services include Cataract, Glaucoma, Laser Correction, Cornea and Refractive, Retina, Squint, Paediatric Ophthalmology, Neuro-Ophthalmology, Uvea, and Orbit and Oculoplasty. The firm generates its revenue from the sale of Opticals, Pharmaceutical Products, Contact Lens and Accessories, and others.

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