Business Engineering (TSE:4828) Inventory Turnover : 338.88 (As of Dec. 2023)

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What is Business Engineering 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. Business Engineering's Cost of Goods Sold for the three months ended in Dec. 2023 was 円2,857 Mil. Business Engineering's Average Total Inventories for the quarter that ended in Dec. 2023 was 円8 Mil. Business Engineering's Inventory Turnover for the quarter that ended in Dec. 2023 was 338.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Business Engineering's Days Inventory for the three months ended in Dec. 2023 was 0.27.

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. Business Engineering's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Business Engineering Inventory Turnover Historical Data

The historical data trend for Business Engineering'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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Business Engineering Inventory Turnover Chart

Business Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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24.56

68.77

315.24

2,315.97

1,987.25

Business Engineering 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															680.30	277.15	294.87	338.88	268.56

Business Engineering Inventory Turnover Calculation

Business Engineering'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 )
=	11640.305	/ (	(2.487	+	9.228)	/	2 )
=	11640.305	/	5.8575
=	1,987.25

Business Engineering'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 )
=	2856.772	/ (	(3.484	+	13.376)	/	2 )
=	2856.772	/	8.43
=	338.88

Business Engineering (TSE:4828) 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.

Business Engineering'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
	=	8.43	/	2856.772	*	365 / 4
	=	0.27

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.

Business Engineering'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 )
	=	8.43	/	4781.153
	=	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.

Business Engineering Inventory Turnover Related Terms

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Business Engineering (TSE:4828) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Business Engineering Corp (TSE:4828) » Definitions » Inventory Turnover

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N/A

Address

1-8-1 Otemachi, Chiyoda-ku, KDDI Otemachi Building, Tokyo, JPN, 100-0004

Website

http://www.to-be.co.jp

Business Engineering Corp is a Japan-based company engaged in providing enterprise software solutions. The solutions offered by the company include Wide line up solutions, Oracle, Mcframe, Mcframe cloud, Global MES, SAP, Mcframe motion VR learning.

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