Care Twentyone (TSE:2373) Inventory Turnover : 201.15 (As of Jan. 2024)

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What is Care Twentyone 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. Care Twentyone's Cost of Goods Sold for the three months ended in Jan. 2024 was 円8,624 Mil. Care Twentyone's Average Total Inventories for the quarter that ended in Jan. 2024 was 円43 Mil. Care Twentyone's Inventory Turnover for the quarter that ended in Jan. 2024 was 201.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Care Twentyone's Days Inventory for the three months ended in Jan. 2024 was 0.45.

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. Care Twentyone's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.00.

Care Twentyone Inventory Turnover Historical Data

The historical data trend for Care Twentyone'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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Care Twentyone Inventory Turnover Chart

Care Twentyone Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

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557.70

631.53

674.35

713.52

780.70

Care Twentyone Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															183.66	183.62	187.83	197.45	201.15

Care Twentyone Inventory Turnover Calculation

Care Twentyone's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	32087.321	/ (	(41.701	+	40.5)	/	2 )
=	32087.321	/	41.1005
=	780.70

Care Twentyone's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	8624.098	/ (	(40.5	+	45.247)	/	2 )
=	8624.098	/	42.8735
=	201.15

Care Twentyone (TSE:2373) 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.

Care Twentyone's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	42.8735	/	8624.098	*	365 / 4
	=	0.45

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.

Care Twentyone's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	42.8735	/	10870.243
	=	0.00

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.

Care Twentyone Inventory Turnover Related Terms

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Care Twentyone (TSE:2373) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Care Twentyone Corp (TSE:2373) » Definitions » Inventory Turnover

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Address

Dojima Kita-ku, Kintetsu Dojima building, 10th floor, Osaka, JPN, 530-0003

Website

http://www.care21.co.jp

Care Twentyone Corp provides nursing care services. It also leases and sells nursing equipment as well as operates a nursing home for the elder people. It also provides daycare homes, nursing homes, and group homes. It is also engaged in small-scale multifunctional home care, welfare equipment sales, rental and housing repair and light work contracting business.

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