GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ricoh Co Ltd (LSE:RICO) » Definitions » Inventory Turnover

Ricoh Co (LSE:RICO) Inventory Turnover : 1.36 (As of Mar. 2024)


View and export this data going back to 2008. Start your Free Trial

What is Ricoh Co 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. Ricoh Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円427,876 Mil. Ricoh Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円313,563 Mil. Ricoh Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ricoh Co's Days Inventory for the three months ended in Mar. 2024 was 66.87.

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. Ricoh Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.48.

Ricoh Co Inventory Turnover Historical Data

The historical data trend for Ricoh Co'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.

* Premium members only.

Ricoh Co Inventory Turnover Chart

Ricoh Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.29 5.64 5.35 5.08 4.97

Ricoh Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.24 1.05 1.12 1.12 1.36

Ricoh Co Inventory Turnover Calculation

Ricoh Co's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Inventory Turnover (A: Mar. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2024 ) / ((Total Inventories (A: Mar. 2023 ) + Total Inventories (A: Mar. 2024 )) / count )
=1528889 / ((314368 + 300595) / 2 )
=1528889 / 307481.5
=4.97

Ricoh Co'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 )
=427876 / ((326530 + 300595) / 2 )
=427876 / 313562.5
=1.36

* 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.

Ricoh Co  (LSE:RICO) 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.

Ricoh Co'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
=313562.5/427876*365 / 4
=66.87

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.

Ricoh Co'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 )
=313562.5 / 651299
=0.48

* 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.

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.

Ricoh Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Ricoh Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Ricoh Co (LSE:RICO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ricoh Co Ltd (LSE:RICO) » Definitions » Inventory Turnover
Comparable Companies
TSE:6448 TSE:8060 TSE:7984 TSE:4902 TSE:7994 TSE:7846 TSE:7976 TSE:6287 TSE:4051 TSE:4218 SHSE:603899 SZSE:002152 HNI HKSE:02429 SCS SZSE:300130 BOM:544045 HKSE:00327 XTER:TTK LSE:MEGP
Traded in Other Exchanges
RICOY:USA RICOF:USA 7752:Japan RIC1:Germany
Address
3-6, Nakamagome 1-chome, Ohta-ku, Tokyo, JPN, 143-8555
Website
https://www.ricoh.com
Ricoh Co Ltd provides products, services, and solutions in offices and other environments. The company's Imaging and Solutions segment is engaged in office imaging, production printing, and network system solutions. Industrial Products segment manufactures and sales of thermal media, optical equipment, semiconductors, electronic component and the Inkjet head. Its Other segment is engaged in manufacturing and sales of digital cameras, financing business and logistics services provided by the company's subsidiaries. The company's revenue is majorly derived from Japan.