Hoya (HOCPY) Inventory Turnover : 0.23 (As of Dec. 2023)

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What is Hoya 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. Hoya's Cost of Goods Sold for the three months ended in Dec. 2023 was $180 Mil. Hoya's Average Total Inventories for the quarter that ended in Dec. 2023 was $795 Mil. Hoya's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hoya's Days Inventory for the three months ended in Dec. 2023 was 403.85.

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. Hoya's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.57.

Hoya Inventory Turnover Historical Data

The historical data trend for Hoya'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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Hoya Inventory Turnover Chart

Hoya Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.10

1.22

1.07

1.17

0.98

Hoya Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.21	0.27	0.22	0.23	0.23

Hoya Inventory Turnover Calculation

Hoya's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	764.902	/ (	(771.15	+	786.672)	/	2 )
=	764.902	/	778.911
=	0.98

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	179.683	/ (	(786.324	+	804.145)	/	2 )
=	179.683	/	795.2345
=	0.23

Hoya (OTCPK:HOCPY) 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.

Hoya's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	795.2345	/	179.683	*	365 / 4
	=	403.85

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	795.2345	/	1393.415
	=	0.57

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.

Hoya Inventory Turnover Related Terms

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Hoya (HOCPY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Hoya Corp (OTCPK:HOCPY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

HOCPF:USA 7741:Japan HYB:Germany

Address

20th Floor Nishi-Shinjuku Building, 6-10-1, Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-8347

Website

http://www.hoya.co.jp

Hoya Corp is a diversified, multinational company and supplier of innovative and indispensable high-tech and healthcare products. HOYA is active in two core business segments: The Life Care segment and Information Technology segment. The Life Care segment encompasses health care areas such as eyeglass lenses and the operation of contact lens retail stores, as well as medical endoscopes, surgical equipment and artificial bones and implants. Information Technology segment focuses on electronics products for the semiconductor industry and LCD panels, glass disks for HDDs and optical lenses for digital cameras and smartphones.

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