Ping An Healthcare And Technology Co (HKSE:01833) Inventory Turnover : 9.18 (As of Dec. 2023)

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What is Ping An Healthcare And Technology Co 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. Ping An Healthcare And Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,814 Mil. Ping An Healthcare And Technology Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$197 Mil. Ping An Healthcare And Technology Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ping An Healthcare And Technology Co's Days Inventory for the six months ended in Dec. 2023 was 19.87.

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. Ping An Healthcare And Technology Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

Ping An Healthcare And Technology Co Inventory Turnover Historical Data

The historical data trend for Ping An Healthcare And Technology Co'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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Ping An Healthcare And Technology Co Inventory Turnover Chart

Ping An Healthcare And Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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68.23

43.37

20.34

13.29

14.07

Ping An Healthcare And Technology Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											11.14	8.01	13.84	7.28	9.18

Ping An Healthcare And Technology Co Inventory Turnover Calculation

Ping An Healthcare And Technology Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	3461.863	/ (	(274.782	+	217.197)	/	2 )
=	3461.863	/	245.9895
=	14.07

Ping An Healthcare And Technology Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1813.741	/ (	(177.796	+	217.197)	/	2 )
=	1813.741	/	197.4965
=	9.18

Ping An Healthcare And Technology Co (HKSE:01833) 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.

Ping An Healthcare And Technology Co's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	197.4965	/	1813.741	*	365 / 2
	=	19.87

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.

Ping An Healthcare And Technology Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	197.4965	/	2681.273
	=	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.

Ping An Healthcare And Technology Co Inventory Turnover Related Terms

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Ping An Healthcare And Technology Co (HKSE:01833) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Ping An Healthcare And Technology Co Ltd (HKSE:01833) » Definitions » Inventory Turnover

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Traded in Other Exchanges

PANHF:USA 1XZ:Germany

Address

No. 166, Kaibin Road, Shanghai Ping An Building, 17th-19th Floor, Block B, Shanghai, CHN

Website

https://www.pagd.net

Ping An Healthcare and Technology is the parent of Ping An Good Doctor, or PAGD, an online platform offering healthcare services in the form of a health maintenance organization, or HMO, model that provides commercial healthcare services and offers healthcare checkup, healthcare management, and corporate reimbursement for a fee. The company leverages the network of health providers from its parent Ping An Group, where it enters into contracts with physicians, hospitals, and specialists to offer their services to HMO participants. Other than commercial healthcare premium services, PAGD offers online consultations and prescription e-commerce online to individuals. The platform has 978 corporate clients and 43 million paying users. PAGD is 38.43% owned by its parent company.

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