Tejnaksh Healthcare (BOM:539428) Inventory Turnover : 0.31 (As of Mar. 2024)

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What is Tejnaksh 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. Tejnaksh Healthcare's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2.5 Mil. Tejnaksh Healthcare's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹8.1 Mil. Tejnaksh Healthcare's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tejnaksh Healthcare's Days Inventory for the three months ended in Mar. 2024 was 295.76.

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. Tejnaksh Healthcare's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.28.

Tejnaksh Healthcare Inventory Turnover Historical Data

The historical data trend for Tejnaksh 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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Tejnaksh Healthcare Inventory Turnover Chart

Tejnaksh Healthcare Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.76

1.34

1.99

2.03

1.72

Tejnaksh 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															0.78	0.61	0.35	0.49	0.31

Tejnaksh Healthcare Inventory Turnover Calculation

Tejnaksh 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 )
=	12.678	/ (	(6.659	+	8.09)	/	2 )
=	12.678	/	7.3745
=	1.72

Tejnaksh 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 )
=	2.496	/ (	(0	+	8.09)	/	1 )
=	2.496	/	8.09
=	0.31

Tejnaksh Healthcare (BOM:539428) 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.

Tejnaksh 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
	=	8.09	/	2.496	*	365 / 4
	=	295.76

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.

Tejnaksh 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 )
	=	8.09	/	29.221
	=	0.28

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.

Tejnaksh Healthcare Inventory Turnover Related Terms

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Tejnaksh Healthcare (BOM:539428) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Tejnaksh Healthcare Ltd (BOM:539428) » Definitions » Inventory Turnover

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Address

Institute of Urology, Sakri Road, Dhule, MH, IND, 424 001

Website

https://www.tejnaksh.com

Tejnaksh Healthcare Ltd is engaged in the provision of hospital and healthcare services. Geographically, it operates only in India. The Company has a single operating segment, namely health care services. The company domains include Urology Hospitals; Nephrology Hospitals; Dental Clinics; Healthcare Equipment and Research and Development. It generates maximum revenue from Operation and Surgery.

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