Dr Sulaiman Al Habib Medical Services Group (SAU:4013) Inventory Turnover : 2.65 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Dr Sulaiman Al Habib Medical Services Group 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. Dr Sulaiman Al Habib Medical Services Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ﷼1,644 Mil. Dr Sulaiman Al Habib Medical Services Group's Average Total Inventories for the quarter that ended in Mar. 2024 was ﷼621 Mil. Dr Sulaiman Al Habib Medical Services Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dr Sulaiman Al Habib Medical Services Group's Days Inventory for the three months ended in Mar. 2024 was 34.44.

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. Dr Sulaiman Al Habib Medical Services Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.25.

Dr Sulaiman Al Habib Medical Services Group Inventory Turnover Historical Data

The historical data trend for Dr Sulaiman Al Habib Medical Services Group'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.

Dr Sulaiman Al Habib Medical Services Group Inventory Turnover Chart

Dr Sulaiman Al Habib Medical Services Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

11.81

11.83

12.51

12.40

12.07

Dr Sulaiman Al Habib Medical Services Group 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															2.88	2.62	2.86	2.98	2.65

Dr Sulaiman Al Habib Medical Services Group Inventory Turnover Calculation

Dr Sulaiman Al Habib Medical Services Group'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 )
=	6238.391	/ (	(490.393	+	543.059)	/	2 )
=	6238.391	/	516.726
=	12.07

Dr Sulaiman Al Habib Medical Services Group'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 )
=	1644.079	/ (	(543.059	+	697.987)	/	2 )
=	1644.079	/	620.523
=	2.65

Dr Sulaiman Al Habib Medical Services Group (SAU:4013) 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.

Dr Sulaiman Al Habib Medical Services Group'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
	=	620.523	/	1644.079	*	365 / 4
	=	34.44

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.

Dr Sulaiman Al Habib Medical Services Group'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 )
	=	620.523	/	2521.409
	=	0.25

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.

Dr Sulaiman Al Habib Medical Services Group Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Dr Sulaiman Al Habib Medical Services Group's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Dr Sulaiman Al Habib Medical Services Group (SAU:4013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Dr Sulaiman Al Habib Medical Services Group (SAU:4013) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahad Road, P.O. Box 301578, Al Olaya District, Riyadh, SAU, 11372

Website

https://www.hmg.com

Dr Sulaiman Al Habib Medical Services Group is a healthcare operator. The company is engaged in establishing, operating, and managing hospitals, general and specialized medical complexes, dispensaries, health care centers, diagnostics centers as well as radiology centers. It is also involved in import, wholesale and retail sales of medicines, medical products, cosmetics, and medical supplies and equipment. The company reports in three segments are Hospitals/ Healthcare Facilities, Pharmacies, and HMG Solutions / Others. The majority of the revenue is earned from the Hospitals/ Healthcare Facilities segment.

Dr Sulaiman Al Habib Medical Services Group (SAU:4013) Headlines

No Headlines