Digital Garage (TSE:4819) Inventory Turnover : 6.72 (As of Mar. 2024)

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What is Digital Garage 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. Digital Garage's Cost of Goods Sold for the three months ended in Mar. 2024 was 円2,864 Mil. Digital Garage's Average Total Inventories for the quarter that ended in Mar. 2024 was 円426 Mil. Digital Garage's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Digital Garage's Days Inventory for the three months ended in Mar. 2024 was 13.57.

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. Digital Garage's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

Digital Garage Inventory Turnover Historical Data

The historical data trend for Digital Garage'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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Digital Garage Inventory Turnover Chart

Digital Garage Annual Data

Trend

Jun15

Jun16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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43.69

36.70

34.41

28.68

27.20

Digital Garage 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															6.74	6.77	5.75	5.95	6.72

Digital Garage Inventory Turnover Calculation

Digital Garage'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 )
=	10676	/ (	(357	+	428)	/	2 )
=	10676	/	392.5
=	27.20

Digital Garage'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 )
=	2864	/ (	(424	+	428)	/	2 )
=	2864	/	426
=	6.72

Digital Garage (TSE:4819) 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.

Digital Garage'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
	=	426	/	2864	*	365 / 4
	=	13.57

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.

Digital Garage'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 )
	=	426	/	10313
	=	0.04

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.

Digital Garage Inventory Turnover Related Terms

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Digital Garage (TSE:4819) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Digital Garage Inc (TSE:4819) » Definitions » Inventory Turnover

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DLGEF:USA

Address

Daikanyama DG Bldg., Tokyo, JPN

Website

http://www.garage.co.jp

Digital Garage Inc integrates three technologies--information technology, marketing technology, and financial technology--into one solution that it provides to its business customers. The company operates three primary business segments. The incubation segment invests in and develops startups and new businesses. The marketing segment provides advertising and promotion solutions that reach consumers. The financial segment offers payment solutions to monetize Internet businesses. The marketing and financial segments provide most of the company's revenue. Digital Garage operates primarily in Japan.

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