Rainbow Childrens Medicare (BOM:543524) Inventory Turnover : 1.75 (As of Mar. 2024)

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What is Rainbow Childrens Medicare 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. Rainbow Childrens Medicare's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹419 Mil. Rainbow Childrens Medicare's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹240 Mil. Rainbow Childrens Medicare's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rainbow Childrens Medicare's Days Inventory for the three months ended in Mar. 2024 was 52.17.

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. Rainbow Childrens Medicare's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

Rainbow Childrens Medicare Inventory Turnover Historical Data

The historical data trend for Rainbow Childrens Medicare'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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Rainbow Childrens Medicare Inventory Turnover Chart

Rainbow Childrens Medicare Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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9.17

7.92

15.63

9.43

7.73

Rainbow Childrens Medicare Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											2.28	2.05	2.45	2.48	1.75

Rainbow Childrens Medicare Inventory Turnover Calculation

Rainbow Childrens Medicare'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 )
=	1652.8	/ (	(187.6	+	239.78)	/	2 )
=	1652.8	/	213.69
=	7.73

Rainbow Childrens Medicare'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 )
=	419.39	/ (	(0	+	239.78)	/	1 )
=	419.39	/	239.78
=	1.75

Rainbow Childrens Medicare (BOM:543524) 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.

Rainbow Childrens Medicare'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
	=	239.78	/	419.39	*	365 / 4
	=	52.17

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.

Rainbow Childrens Medicare'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 )
	=	239.78	/	3411.02
	=	0.07

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.

Rainbow Childrens Medicare Inventory Turnover Related Terms

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Rainbow Childrens Medicare (BOM:543524) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Rainbow Childrens Medicare Ltd (BOM:543524) » Definitions » Inventory Turnover

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RAINBOW:India

Address

Road No. 2, Banjara Hills, 8-2-120/103/1, Survey No. 403, Hyderabad, TG, IND, 500034

Website

https://www.rainbowhospitals.in

Rainbow Childrens Medicare Ltd operates a multi-specialty pediatric, obstetrics, and gynecology hospital chain in India. The company offers a wide range of services such as newborn and pediatric intensive care, pediatric multi-specialty services, pediatric quaternary care, obstetrics, and gynecology, which includes normal and complex obstetric care, and multidisciplinary fetal care, perinatal genetic and fertility care.

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