Optoelectronics Co (TSE:6664) Inventory Turnover : 0.20 (As of Feb. 2024)

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What is Optoelectronics 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. Optoelectronics Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円864 Mil. Optoelectronics Co's Average Total Inventories for the quarter that ended in Feb. 2024 was 円4,428 Mil. Optoelectronics Co's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Optoelectronics Co's Days Inventory for the three months ended in Feb. 2024 was 467.53.

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. Optoelectronics Co's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 2.83.

Optoelectronics Co Inventory Turnover Historical Data

The historical data trend for Optoelectronics 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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Optoelectronics Co Inventory Turnover Chart

Optoelectronics Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Inventory Turnover

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1.32

1.27

1.88

1.63

1.08

Optoelectronics Co 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															0.26	0.29	0.26	0.25	0.20

Optoelectronics Co Inventory Turnover Calculation

Optoelectronics Co's Inventory Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Inventory Turnover (A: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2023 )	/ (	(Total Inventories (A: Nov. 2022 )	+	Total Inventories (A: Nov. 2023 ))	/	count )
=	4024.759	/ (	(3161.468	+	4282.27)	/	2 )
=	4024.759	/	3721.869
=	1.08

Optoelectronics Co'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 )
=	864.154	/ (	(4282.27	+	4572.894)	/	2 )
=	864.154	/	4427.582
=	0.20

Optoelectronics Co (TSE:6664) 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.

Optoelectronics Co'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
	=	4427.582	/	864.154	*	365 / 4
	=	467.53

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.

Optoelectronics Co'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 )
	=	4427.582	/	1562.892
	=	2.83

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.

Optoelectronics Co Inventory Turnover Related Terms

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Optoelectronics Co (TSE:6664) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Optoelectronics Co Ltd (TSE:6664) » Definitions » Inventory Turnover

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Address

Number 12-17, Tsukagoshi Tsukagoe, Saitama, JPN, 335-0002

Website

http://www.opto.co.jp

Optoelectronics Co Ltd is engaged in developing, manufacturing, and selling automatic recognition devices in Japan, the United States, and Europe. The company offers modules, handy scanners, data collectors, handy terminals, smartphone handy terminals, desktop and stationary scanners, and electronic shelf label systems, as well as laser/CCD type barcode and imager scanners.

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