Pihlajalinna Oyj (OHEL:PIHLIS) Inventory Turnover : 11.55 (As of Mar. 2024)

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What is Pihlajalinna Oyj 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. Pihlajalinna Oyj's Cost of Goods Sold for the three months ended in Mar. 2024 was €52.9 Mil. Pihlajalinna Oyj's Average Total Inventories for the quarter that ended in Mar. 2024 was €4.6 Mil. Pihlajalinna Oyj's Inventory Turnover for the quarter that ended in Mar. 2024 was 11.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pihlajalinna Oyj's Days Inventory for the three months ended in Mar. 2024 was 7.90.

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. Pihlajalinna Oyj's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Pihlajalinna Oyj Inventory Turnover Historical Data

The historical data trend for Pihlajalinna Oyj'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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Pihlajalinna Oyj Inventory Turnover Chart

Pihlajalinna Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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83.84

69.20

58.98

66.69

58.21

Pihlajalinna Oyj 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															15.91	15.26	12.44	14.58	11.55

Pihlajalinna Oyj Inventory Turnover Calculation

Pihlajalinna Oyj'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 )
=	255.232	/ (	(4.309	+	4.46)	/	2 )
=	255.232	/	4.3845
=	58.21

Pihlajalinna Oyj'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 )
=	52.9	/ (	(4.46	+	4.7)	/	2 )
=	52.9	/	4.58
=	11.55

Pihlajalinna Oyj (OHEL:PIHLIS) 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.

Pihlajalinna Oyj'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
	=	4.58	/	52.9	*	365 / 4
	=	7.90

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.

Pihlajalinna Oyj'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 )
	=	4.58	/	183.2
	=	0.03

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.

Pihlajalinna Oyj Inventory Turnover Related Terms

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Pihlajalinna Oyj (OHEL:PIHLIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pihlajalinna Oyj (OHEL:PIHLIS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

38P:Germany

Address

Kehrasaari B, Tampere, FIN, 33200

Website

https://www.pihlajalinna.fi

Pihlajalinna Oyj is a private provider of healthcare and wellbeing services in Finland. The company is engaged in the business of providing healthcare and social care services to municipalities, hospital districts, companies, insurance companies, and private persons. The service selection includes general practitioner and medical specialist services, occupational healthcare, social and healthcare outsourcing, fitness center services, responsible doctor, and remote consultation services as well as residential services and staffing services.

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