Spire Healthcare Group (LSE:SPI) Change In Inventory : £-4 Mil (TTM As of Dec. 2023)

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What is Spire Healthcare Group Change In Inventory?

Spire Healthcare Group's change in inventory for the quarter that ended in Dec. 2023 was £-2 Mil. It means Spire Healthcare Group's inventory increased by £2 Mil from Jun. 2023 to Dec. 2023 .

Spire Healthcare Group's change in inventory for the fiscal year that ended in Dec. 2023 was £-4 Mil. It means Spire Healthcare Group's inventory increased by £4 Mil from Dec. 2022 to Dec. 2023 .

Spire Healthcare Group's Total Inventories for the quarter that ended in Dec. 2023 was £44 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Spire Healthcare Group's Days Inventory for the quarter that ended in Dec. 2023 was 21.24.

Inventory Turnover measures how fast the company turns over its inventory within a year. Spire Healthcare Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.59.

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. Spire Healthcare Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

Spire Healthcare Group Change In Inventory Historical Data

The historical data trend for Spire Healthcare 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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Spire Healthcare Group Change In Inventory Chart

Spire Healthcare Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-2.60

-5.60

-1.90

-0.40

-3.70

Spire Healthcare Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-4.20	1.10	-1.50	-1.80	-1.90

Spire Healthcare 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 semi-annually data reported by the company within the most recent 12 months, which was £-4 Mil.

Spire Healthcare Group (LSE:SPI) Change In Inventory Explanation

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

Spire Healthcare 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
	=	43.35	/	372.5	*	365 / 2
	=	21.24

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	372.5	/	43.35
	=	8.59

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	43.35	/	682.5
	=	0.06

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Spire Healthcare Group (LSE:SPI) Business Description

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SPIl:UK S00:Germany

Address

3 Dorset Rise, London, GBR, EC4Y 8EN

Website

https://www.spirehealthcare.com

Spire Healthcare Group PLC is an independent hospital group in the United Kingdom, with 40 private hospitals and eight clinics. It is a private provider, by volume, of knee and hip operations in the United Kingdom. The Group is a well-located and scalable hospital have delivered successful and award-winning clinical outcomes, positioning the Group well with patients, Consultants, the NHS, GPs and Private Medical Insurance providers. It treats patients through a variety of routes including PMI, Self-pay and the NHS, providing the Group with diversified access to the expected growth opportunities in the UK healthcare market, which faces significant supply challenges as a result of NHS budget constraints and increasing demand from a growing population with longer life expectancy.