Fortis Healthcare (BOM:532843) Inventory Turnover : 7.29 (As of Mar. 2024)

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What is Fortis Healthcare 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. Fortis Healthcare's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹7,834 Mil. Fortis Healthcare's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1,074 Mil. Fortis Healthcare's Inventory Turnover for the quarter that ended in Mar. 2024 was 7.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fortis Healthcare's Days Inventory for the three months ended in Mar. 2024 was 12.51.

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. Fortis Healthcare's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

Fortis Healthcare Inventory Turnover Historical Data

The historical data trend for Fortis Healthcare'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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Fortis Healthcare Inventory Turnover Chart

Fortis Healthcare Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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30.02

13.36

25.24

22.51

26.74

Fortis Healthcare 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															5.90	6.12	6.37	6.13	7.29

Fortis Healthcare Inventory Turnover Calculation

Fortis Healthcare'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 )
=	30781.9	/ (	(1228.447	+	1074.2)	/	2 )
=	30781.9	/	1151.3235
=	26.74

Fortis Healthcare'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 )
=	7834.4	/ (	(0	+	1074.2)	/	1 )
=	7834.4	/	1074.2
=	7.29

Fortis Healthcare (BOM:532843) 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.

Fortis Healthcare'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
	=	1074.2	/	7834.4	*	365 / 4
	=	12.51

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.

Fortis Healthcare'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 )
	=	1074.2	/	17858.8
	=	0.06

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.

Fortis Healthcare Inventory Turnover Related Terms

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Fortis Healthcare (BOM:532843) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Fortis Healthcare Ltd (BOM:532843) » Definitions » Inventory Turnover

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FORTIS:India

Address

Tower - A, Unitech Business Park, Block - F, South City 1, Sector - 41, Gurugram, HR, IND, 122001

Website

https://www.fortishealthcare.com

Fortis Healthcare Ltd provides integrated healthcare delivery services in India. The company manages healthcare centers including hospitals, diagnostics, and day care specialty facilities. The company's most prominent specialty in its hospital business is cardiac sciences. The Company is primarily engaged in the business of healthcare services which is the only reportable segment. The company's key hospitals include Fortis Escorts Heart Institute in Dehli, Fortis Mulund in Mumbai, and Fortis Hospital in Bengaluru. A majority of the company's revenue is derived from India.

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