Asarfi Hospital (BOM:543943) Inventory Turnover : 6.23 (As of Sep. 2023)

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What is Asarfi 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. Asarfi Hospital's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹95.4 Mil. Asarfi Hospital's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹15.3 Mil. Asarfi Hospital's Inventory Turnover for the quarter that ended in Sep. 2023 was 6.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asarfi Hospital's Days Inventory for the six months ended in Sep. 2023 was 29.31.

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. Asarfi Hospital's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.04.

Asarfi Hospital Inventory Turnover Historical Data

The historical data trend for Asarfi 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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Asarfi Hospital Inventory Turnover Chart

Asarfi Hospital Annual Data

Trend

Mar21

Mar22

Mar23

Inventory Turnover

27.70

26.88

15.92

Asarfi Hospital Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	-	-	9.92	6.46	6.23

Asarfi Hospital Inventory Turnover Calculation

Asarfi Hospital's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	200.297	/ (	(10.913	+	14.247)	/	2 )
=	200.297	/	12.58
=	15.92

Asarfi Hospital's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	95.404	/ (	(14.247	+	16.393)	/	2 )
=	95.404	/	15.32
=	6.23

Asarfi Hospital (BOM:543943) 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.

Asarfi Hospital's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	15.32	/	95.404	*	365 / 2
	=	29.31

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.

Asarfi Hospital's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	15.32	/	403.17
	=	0.04

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.

Asarfi Hospital Inventory Turnover Related Terms

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Asarfi Hospital (BOM:543943) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Asarfi Hospital Ltd (BOM:543943) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Bishunpur Polytechnic, Baramuri, 4th floor, Dhanbad, JH, IND, 828130

Website

https://www.asarfihospital.com

Asarfi Hospital Ltd provides healthcare facilities to the people of Jharkhand. It is a is a 250 bedded multi-specialty hospital offering healthcare facilities. The company is committed towards delivering valued healthcare services to patients that include prevention, treatment, and proper rehabilitation.

Asarfi Hospital (BOM:543943) Headlines

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