ITOCHU-SHOKUHIN Co (TSE:2692) Inventory Turnover : 8.09 (As of Dec. 2023)

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What is ITOCHU-SHOKUHIN 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. ITOCHU-SHOKUHIN Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円172,626 Mil. ITOCHU-SHOKUHIN Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円21,343 Mil. ITOCHU-SHOKUHIN Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ITOCHU-SHOKUHIN Co's Days Inventory for the three months ended in Dec. 2023 was 11.28.

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. ITOCHU-SHOKUHIN Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

ITOCHU-SHOKUHIN Co Inventory Turnover Historical Data

The historical data trend for ITOCHU-SHOKUHIN 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.

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ITOCHU-SHOKUHIN Co Inventory Turnover Chart

ITOCHU-SHOKUHIN Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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42.90

44.57

42.16

39.17

38.26

ITOCHU-SHOKUHIN 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															6.56	8.49	8.75	8.09	6.93

ITOCHU-SHOKUHIN Co Inventory Turnover Calculation

ITOCHU-SHOKUHIN 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 )
=	632905	/ (	(16474	+	16608)	/	2 )
=	632905	/	16541
=	38.26

ITOCHU-SHOKUHIN Co'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 )
=	172626	/ (	(18518	+	24168)	/	2 )
=	172626	/	21343
=	8.09

ITOCHU-SHOKUHIN Co (TSE:2692) 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.

ITOCHU-SHOKUHIN Co'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
	=	21343	/	172626	*	365 / 4
	=	11.28

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.

ITOCHU-SHOKUHIN Co'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 )
	=	21343	/	184681
	=	0.12

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.

ITOCHU-SHOKUHIN Co Inventory Turnover Related Terms

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ITOCHU-SHOKUHIN Co (TSE:2692) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » ITOCHU-SHOKUHIN Co Ltd (TSE:2692) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

2-2-22 Shiromi, Chuo-ku, Osaka, JPN, 540-8522

Website

http://www.itochu-shokuhin.com

ITOCHU-SHOKUHIN Co Ltd is a Japan-based wholesale and distribution of Food company. It is mainly engaged in the sale of food and beverages. Its business division includes The Food Wholesale division which is engaged in the purchase and wholesale of food products and alcohol, the storage and transportation of its products, the provision of information regarding various products, as well as the merchandising business related to product distribution. The others division is involved in the logistics management and transportation business, the retail business, the service business, as well as the food product manufacturing business.

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