Healthcare Services Group (Healthcare Services Group) Change In Inventory

: $3 Mil (TTM As of Dec. 2023)

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Healthcare Services Group's change in inventory for the quarter that ended in Dec. 2023 was $1 Mil. It means Healthcare Services Group's inventory declined by $1 Mil from Sep. 2023 to Dec. 2023 .

Healthcare Services Group's change in inventory for the fiscal year that ended in Dec. 2023 was $3 Mil. It means Healthcare Services Group's inventory declined by $3 Mil from Dec. 2022 to Dec. 2023 .

Healthcare Services Group's Total Inventories for the quarter that ended in Dec. 2023 was $18 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Healthcare Services Group's Days Inventory for the quarter that ended in Dec. 2023 was 4.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Healthcare Services Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 18.60.

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. Healthcare Services Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Healthcare Services Group Change In Inventory Historical Data

The historical data trend for Healthcare Services Group's Change In Inventory 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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Healthcare Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

4.77

4.93

5.60

4.85

2.69

Healthcare Services Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory																1.55	0.94	0.25	0.79	0.71

Healthcare Services Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3 Mil.

Healthcare Services Group (NAS:HCSG) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Healthcare Services Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	18.8335	/	350.383	*	365 / 4
	=	4.90

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Healthcare Services Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	350.383	/	18.8335
	=	18.60

3. 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.

Healthcare Services Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18.8335	/	423.84
	=	0.04

Healthcare Services Group Change In Inventory Related Terms

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Healthcare Services Group (Healthcare Services Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Healthcare Services Group Inc (NAS:HCSG) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3220 Tillman Drive, Suite 300, Bensalem, PA, USA, 19020

Website

https://www.hcsg.com

Healthcare Services Group Inc is a provider of housekeeping and facility management services to the healthcare industry. The company operates two business segments, both contributing roughly equally to the company's revenue: Housekeeping, laundry, linen, and other services; and Dietary department services. Housekeeping includes management of clients' housekeeping departments, cleaning, disinfecting and sanitizing, laundry, bed linen, and uniform services. Dietary consists of food purchasing, meal preparation, and providing dietitian consulting services. Its clients are nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States of America.

Executives

Kurt Jr Simmons	director	3220 TILLMAN DRIVE, BENSALEM PA 19020
Andrew M Brophy	officer: Acting Accounting Officer	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
John Briggs	director	3220 TILLMAN DRIVE SUITE 300, BENSALEM PA 19020
Patrick J Orr	officer: EVP & Chief Revenue Officer	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
Andrew Kush	officer: Executive Vice President	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
Dino D Ottaviano	director	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
Michael E Mcbryan	director, officer: Executive Vice President	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
Robert L Frome	director	3220 TILLMAN DRIVE SUITE 300, BENSALEM PA 19020
Laura K Grant	director	3220 TILLMAN, DRIVE, BENSALEM PA 19020
Robert J Moss	director	3220 TILLMAN DRIVE SUITE 300, BENSALEM PA 19020
Daniela Castagnino	director	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
Diane S Casey	director	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
John Christopher Shea	officer: Chief Financial Officer	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
David Hurlock	officer: Executive Vice President & COO	3220 TILLMAN DRIVE, SUITE 300, BENSALEM PA 19020
Daniel P Mccartney	director, officer: Chief Executive Officer	3220 TILLMAN DR, SUITE 300, BENSALEM PA 19020