National HealthCare Corporation (NHC)
Inventory turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 775,790 | 750,463 | 741,504 | 740,868 | 743,581 | 756,829 | 742,223 | 724,307 | 698,729 | 678,669 | 676,807 | 683,001 | 683,307 | 680,116 | 677,091 | 663,967 | 655,330 | 656,389 | 656,557 | 658,551 |
| Inventory | US$ in thousands | 7,386 | 7,373 | 6,995 | 6,946 | 7,088 | 7,298 | 7,363 | 8,586 | 8,582 | 8,696 | 7,939 | 8,117 | 8,781 | 7,188 | 7,200 | 7,904 | 7,441 | 7,774 | 7,317 | 6,953 |
| Inventory turnover | 105.04 | 101.79 | 106.00 | 106.66 | 104.91 | 103.70 | 100.80 | 84.36 | 81.42 | 78.04 | 85.25 | 84.14 | 77.82 | 94.62 | 94.04 | 84.00 | 88.07 | 84.43 | 89.73 | 94.71 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $775,790K ÷ $7,386K
= 105.04
Based on the inventory turnover data provided for National Healthcare Corp. over the past eight quarters, it appears that the company consistently reported an inventory turnover ratio of 0.00, indicating that there was no movement or turnover in the company's inventory during these periods. A zero inventory turnover ratio suggests that the company may be facing challenges in effectively managing its inventory levels or that there may have been issues with demand forecasting or inventory control. It is essential for the company to investigate the reasons behind the consistently low inventory turnover to optimize its inventory management processes and avoid potential inefficiencies and inventory carrying costs. Further analysis and actions may be necessary to improve the company's inventory turnover ratio and enhance overall operational efficiency.
Peer comparison
Dec 31, 2023
Dec 31, 2023