Banners Co (TSE:3011) Inventory Turnover : 1.10 (As of Dec. 2023)

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What is Banners 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. Banners Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,011 Mil. Banners Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円915 Mil. Banners Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Banners Co's Days Inventory for the three months ended in Dec. 2023 was 82.61.

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. Banners Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.70.

Banners Co Inventory Turnover Historical Data

The historical data trend for Banners 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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Banners Co Inventory Turnover Chart

Banners Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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6.25

5.76

4.75

4.69

5.12

Banners Co 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															1.32	1.42	1.01	1.05	1.10

Banners Co Inventory Turnover Calculation

Banners Co'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 )
=	3311.252	/ (	(669.379	+	624.497)	/	2 )
=	3311.252	/	646.938
=	5.12

Banners 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 )
=	1010.509	/ (	(878.366	+	951.399)	/	2 )
=	1010.509	/	914.8825
=	1.10

Banners Co (TSE:3011) 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.

Banners 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
	=	914.8825	/	1010.509	*	365 / 4
	=	82.61

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.

Banners 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 )
	=	914.8825	/	1302.617
	=	0.70

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.

Banners Co Inventory Turnover Related Terms

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Banners Co (TSE:3011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Banners Co Ltd (TSE:3011) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

102, Ishihara, Kumagaya-shi, Saitama, JPN, 3600816

Website

http://www.banners.jp

Banners Co Ltd is a Japan-based company. It operates its business activities in three divisions including real estate utilization business, automobile sales business and musical instrument sales business. In the real estate utilization business, the company mainly rent tenants. In the automobile sales business, it sells Honda Vehicles and non-life insurance. In the musical instrument sales business, it imports and sells oboe and bathoons as a specialty store of double reed musical instruments. It also provides maintenance and after-sales services.

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