Global Longlife Hospital & Research (BOM:543520) Inventory Turnover : 2.81 (As of Mar. 2024)

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What is Global Longlife Hospital & Research 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. Global Longlife Hospital & Research's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹24.3 Mil. Global Longlife Hospital & Research's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹8.7 Mil. Global Longlife Hospital & Research's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Global Longlife Hospital & Research's Days Inventory for the six months ended in Mar. 2024 was 64.97.

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. Global Longlife Hospital & Research's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.73.

Global Longlife Hospital & Research Inventory Turnover Historical Data

The historical data trend for Global Longlife Hospital & Research'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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Global Longlife Hospital & Research Inventory Turnover Chart

Global Longlife Hospital & Research Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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10.90

14.26

20.35

15.88

13.52

Global Longlife Hospital & Research Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial				8.24	10.37	12.37	5.72	2.81

Global Longlife Hospital & Research Inventory Turnover Calculation

Global Longlife Hospital & Research'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 )
=	84.648	/ (	(8.154	+	4.372)	/	2 )
=	84.648	/	6.263
=	13.52

Global Longlife Hospital & Research'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	24.319	/ (	(12.942	+	4.372)	/	2 )
=	24.319	/	8.657
=	2.81

Global Longlife Hospital & Research (BOM:543520) 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.

Global Longlife Hospital & Research's Days Inventory for the six 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
	=	8.657	/	24.319	*	365 / 2
	=	64.97

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.

Global Longlife Hospital & Research'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 )
	=	8.657	/	11.845
	=	0.73

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.

Global Longlife Hospital & Research Inventory Turnover Related Terms

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Global Longlife Hospital & Research (BOM:543520) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Global Longlife Hospital & Research Ltd (BOM:543520) » Definitions » Inventory Turnover

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Address

Pakwan Cross Road, Near Sindhubhavan Road, Near Water Tank, Opposite Auda Garden, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.globalhospital.co.in

Global Longlife Hospital & Research Ltd provides health care services. The company offers Oncology, Ophthalmology, Cardiology, Dermatology, Gynecology, Spine Surgery, Plastic Surgery, Ultrasound, Microbiology, Dialysis, and Physiotherapy among other healthcare services.

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