Jupiter Life Line Hospitals (NSE:JLHL) Inventory Turnover : 2.47 (As of Mar. 2024)

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What is Jupiter Life Line Hospitals 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. Jupiter Life Line Hospitals's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹528 Mil. Jupiter Life Line Hospitals's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹213 Mil. Jupiter Life Line Hospitals's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jupiter Life Line Hospitals's Days Inventory for the three months ended in Mar. 2024 was 36.90.

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. Jupiter Life Line Hospitals's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

Jupiter Life Line Hospitals Inventory Turnover Historical Data

The historical data trend for Jupiter Life Line Hospitals'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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Jupiter Life Line Hospitals Inventory Turnover Chart

Jupiter Life Line Hospitals Annual Data

Trend

Mar21

Mar22

Mar23

Inventory Turnover

8.62

11.24

9.15

Jupiter Life Line Hospitals Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial					2.30	2.23	2.25	2.35	2.47

Jupiter Life Line Hospitals Inventory Turnover Calculation

Jupiter Life Line Hospitals'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 )
=	1571.81	/ (	(153.56	+	189.99)	/	2 )
=	1571.81	/	171.775
=	9.15

Jupiter Life Line Hospitals'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 )
=	527.82	/ (	(0	+	213.42)	/	1 )
=	527.82	/	213.42
=	2.47

Jupiter Life Line Hospitals (NSE:JLHL) 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.

Jupiter Life Line Hospitals'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
	=	213.42	/	527.82	*	365 / 4
	=	36.90

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.

Jupiter Life Line Hospitals'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 )
	=	213.42	/	2904.89
	=	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.

Jupiter Life Line Hospitals Inventory Turnover Related Terms

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Jupiter Life Line Hospitals (NSE:JLHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Jupiter Life Line Hospitals Ltd (NSE:JLHL) » Definitions » Inventory Turnover

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543980:India

Address

Eastern Express Highway, Service Rd, Next To Viviana Mall, Thane west, Thane, MH, IND, 400601

Website

https://www.jupiterhospital.com

Jupiter Life Line Hospitals Ltd is a key multi-specialty tertiary and quaternary healthcare provider. The Company operates in one business and geographical segment which is healthcare services in India. The Hospital revenue comprises primarily of fees charged for inpatient and outpatient hospital services and other hospital services. Services include charges for accommodation, operation theatre, medical professional services, equipment, radiology, laboratory and pharmaceutical goods used.

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