AS Latvijas Juras medicinas centrs (ORSE:LJM1R) Inventory Turnover : 13.86 (As of Mar. 2024)

View and export this data going back to 1998. Start your Free Trial

What is AS Latvijas Juras medicinas centrs 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. AS Latvijas Juras medicinas centrs's Cost of Goods Sold for the three months ended in Mar. 2024 was €2.34 Mil. AS Latvijas Juras medicinas centrs's Average Total Inventories for the quarter that ended in Mar. 2024 was €0.17 Mil. AS Latvijas Juras medicinas centrs's Inventory Turnover for the quarter that ended in Mar. 2024 was 13.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AS Latvijas Juras medicinas centrs's Days Inventory for the three months ended in Mar. 2024 was 6.58.

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. AS Latvijas Juras medicinas centrs's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

AS Latvijas Juras medicinas centrs Inventory Turnover Historical Data

The historical data trend for AS Latvijas Juras medicinas centrs'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.

* Premium members only.

AS Latvijas Juras medicinas centrs Inventory Turnover Chart

AS Latvijas Juras medicinas centrs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

61.96

53.84

55.05

59.51

62.05

AS Latvijas Juras medicinas centrs Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															15.67	15.32	13.81	16.04	13.86

AS Latvijas Juras medicinas centrs Inventory Turnover Calculation

AS Latvijas Juras medicinas centrs'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 )
=	9.462	/ (	(0.143	+	0.162)	/	2 )
=	9.462	/	0.1525
=	62.05

AS Latvijas Juras medicinas centrs'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 )
=	2.342	/ (	(0.162	+	0.176)	/	2 )
=	2.342	/	0.169
=	13.86

AS Latvijas Juras medicinas centrs (ORSE:LJM1R) 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.

AS Latvijas Juras medicinas centrs'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
	=	0.169	/	2.342	*	365 / 4
	=	6.58

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.

AS Latvijas Juras medicinas centrs'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 )
	=	0.169	/	2.54
	=	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.

AS Latvijas Juras medicinas centrs Inventory Turnover Related Terms

Thank you for viewing the detailed overview of AS Latvijas Juras medicinas centrs's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

AS Latvijas Juras medicinas centrs (ORSE:LJM1R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » AS Latvijas Juras medicinas centrs (ORSE:LJM1R) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Patversmes iela 23, Riga, LVA, LV-1005

Website

https://www.ljmc.lv

AS Latvijas Juras medicinas centrs is engaged in the provision of healthcare services. It operates hospitals and diagnostic centers. The company offers diagnostics services, magnetic resonance imaging, radiological diagnostics services, and ambulance services. It is also engaged in General medical practice activities, Special medical practice activities, Residential nursing care activities, Retail sale of medical and orthopedic goods in specialized stores, and Other personal service activities. The majority of the revenue is generated from the Ambulatory Medical Services.

AS Latvijas Juras medicinas centrs (ORSE:LJM1R) Headlines

No Headlines