OPEN Group (TSE:6572) Inventory Turnover : 57.86 (As of Feb. 2024)

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What is OPEN Group 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. OPEN Group's Cost of Goods Sold for the three months ended in Feb. 2024 was 円641 Mil. OPEN Group's Average Total Inventories for the quarter that ended in Feb. 2024 was 円11 Mil. OPEN Group's Inventory Turnover for the quarter that ended in Feb. 2024 was 57.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. OPEN Group's Days Inventory for the three months ended in Feb. 2024 was 1.58.

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. OPEN Group's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.01.

OPEN Group Inventory Turnover Historical Data

The historical data trend for OPEN Group'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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OPEN Group Inventory Turnover Chart

OPEN Group Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Inventory Turnover

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1,908.52

1,476.02

201.65

176.30

150.08

OPEN Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															42.84	42.45	53.41	67.12	57.86

OPEN Group Inventory Turnover Calculation

OPEN Group's Inventory Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Inventory Turnover (A: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2024 )	/ (	(Total Inventories (A: Feb. 2023 )	+	Total Inventories (A: Feb. 2024 ))	/	count )
=	2217.201	/ (	(13.72	+	15.826)	/	2 )
=	2217.201	/	14.773
=	150.08

OPEN Group's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	641.302	/ (	(6.34	+	15.826)	/	2 )
=	641.302	/	11.083
=	57.86

OPEN Group (TSE:6572) 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.

OPEN Group's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	11.083	/	641.302	*	365 / 4
	=	1.58

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.

OPEN Group's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	11.083	/	1683.163
	=	0.01

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.

OPEN Group Inventory Turnover Related Terms

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OPEN Group (TSE:6572) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » OPEN Group Inc (TSE:6572) » Definitions » Inventory Turnover

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Address

1-12-32 Akasaka, Ark Mori Building 13F, Minato-ku, Tokyo, JPN, 107-6013

Website

http://www.rpa-holdings.com

RPA Holdings Inc operates as a holding company, which operates in robot outsourcing business. It is engaged in sales of office work outsourcing software and affiliate services ad network business.

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