Aesthetic Medical International Holdings Group (Aesthetic Medical International Holdings Group) Inventory Turnover : 3.72 (As of Jun. 2023)

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What is Aesthetic Medical International Holdings 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. Aesthetic Medical International Holdings Group's Cost of Goods Sold for the three months ended in Jun. 2023 was $12.75 Mil. Aesthetic Medical International Holdings Group's Average Total Inventories for the quarter that ended in Jun. 2023 was $3.42 Mil. Aesthetic Medical International Holdings Group's Inventory Turnover for the quarter that ended in Jun. 2023 was 3.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aesthetic Medical International Holdings Group's Days Inventory for the three months ended in Jun. 2023 was 24.51.

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. Aesthetic Medical International Holdings Group's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.14.

Aesthetic Medical International Holdings Group Inventory Turnover Historical Data

The historical data trend for Aesthetic Medical International Holdings 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.

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Aesthetic Medical International Holdings Group Inventory Turnover Chart

Aesthetic Medical International Holdings Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.58

12.37

11.93

10.26

16.35

Aesthetic Medical International Holdings Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-2.18	7.68	2.94	3.72	-

Aesthetic Medical International Holdings Group Inventory Turnover Calculation

Aesthetic Medical International Holdings 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 )
=	50.495	/ (	(3.995	+	2.182)	/	2 )
=	50.495	/	3.0885
=	16.35

Aesthetic Medical International Holdings Group's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	12.749	/ (	(3.538	+	3.311)	/	2 )
=	12.749	/	3.4245
=	3.72

Aesthetic Medical International Holdings Group (OTCPK:PAIYY) 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.

Aesthetic Medical International Holdings Group's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	3.4245	/	12.749	*	365 / 4
	=	24.51

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.

Aesthetic Medical International Holdings Group's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	3.4245	/	23.797
	=	0.14

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.

Aesthetic Medical International Holdings Group Inventory Turnover Related Terms

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Aesthetic Medical International Holdings Group (Aesthetic Medical International Holdings Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Aesthetic Medical International Holdings Group Ltd (OTCPK:PAIYY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

3FMA:Germany 3FMA:Germany

Address

1122 Nanshan Boulevard, Nanshan District, Guangdong Province, Shenzhen, CHN, 518052

Website

https://ir.aihgroup.net

Aesthetic Medical International Holdings Group Ltd provides aesthetic medical services in China. The company generates revenue from four service offerings: non-surgical aesthetic medical services, surgical aesthetic medical services, other aesthetic medical services, and general healthcare services in the People's Republic of China. The company derives a majority of its revenue from Non-surgical aesthetic medical services. Geographically, it derives revenue from China.