Universal Health Services Inc (UHS)

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	9,349,390	9,299,240	9,185,950	9,078,340	9,007,630	8,939,530	8,775,360	8,513,220	8,250,350	7,946,300	7,755,280	7,513,120	7,411,720	7,343,790	7,319,760	7,412,480	7,356,760	7,299,100	7,195,720	7,117,620
Inventory	US$ in thousands	216,988	214,587	215,380	216,236	218,517	217,818	209,569	208,302	206,839	202,824	195,141	193,961	190,417	176,105	167,626	162,597	159,889	156,285	153,574	149,928
Inventory turnover		43.09	43.34	42.65	41.98	41.22	41.04	41.87	40.87	39.89	39.18	39.74	38.74	38.92	41.70	43.67	45.59	46.01	46.70	46.86	47.47

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $9,349,390K ÷ $216,988K
= 43.09

The inventory turnover ratio for Universal Health Services, Inc. has consistently been 0.00 for the past eight quarters. This indicates that the company is not efficiently managing its inventory levels in relation to its sales. A consistently low or zero inventory turnover ratio can suggest potential issues such as overstocking, slow-moving inventory, or ineffective inventory management practices. It is important for the company to assess and address the reasons behind the low inventory turnover to improve operational efficiency and financial performance.

Peer comparison

Dec 31, 2023

Company name

Symbol

Inventory turnover

Universal Health Services Inc

UHS

43.09

HCA Holdings Inc

HCA

14.84

Tenet Healthcare Corporation

THC

31.54