IKEGAMI TSUSHINKI Co (TSE:6771) Inventory Turnover : 0.21 (As of Dec. 2023)

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What is IKEGAMI TSUSHINKI 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. IKEGAMI TSUSHINKI Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円2,804 Mil. IKEGAMI TSUSHINKI Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円13,197 Mil. IKEGAMI TSUSHINKI Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IKEGAMI TSUSHINKI Co's Days Inventory for the three months ended in Dec. 2023 was 429.47.

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. IKEGAMI TSUSHINKI Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.99.

IKEGAMI TSUSHINKI Co Inventory Turnover Historical Data

The historical data trend for IKEGAMI TSUSHINKI 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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IKEGAMI TSUSHINKI Co Inventory Turnover Chart

IKEGAMI TSUSHINKI Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.18

1.95

2.01

1.63

1.87

IKEGAMI TSUSHINKI 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															0.30	0.69	0.21	0.26	0.21

IKEGAMI TSUSHINKI Co Inventory Turnover Calculation

IKEGAMI TSUSHINKI 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 )
=	17702	/ (	(9022	+	9884)	/	2 )
=	17702	/	9453
=	1.87

IKEGAMI TSUSHINKI 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 )
=	2804	/ (	(12340	+	14054)	/	2 )
=	2804	/	13197
=	0.21

IKEGAMI TSUSHINKI Co (TSE:6771) 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.

IKEGAMI TSUSHINKI 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
	=	13197	/	2804	*	365 / 4
	=	429.47

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.

IKEGAMI TSUSHINKI 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 )
	=	13197	/	4409
	=	2.99

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.

IKEGAMI TSUSHINKI Co Inventory Turnover Related Terms

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IKEGAMI TSUSHINKI Co (TSE:6771) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » IKEGAMI TSUSHINKI Co Ltd (TSE:6771) » Definitions » Inventory Turnover

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Address

5-6-16 Ikegami, Ohta-ku, Tokyo, JPN, 146-8567

Website

http://www.ikegami.co.jp

IKEGAMI TSUSHINKI Co Ltd provides broadcast equipment in Japan. Its products portfolio includes a camera system for broadcasting, broadcast monitor, video production/transmission system, video transmission system, relay car system, security camera system, medical camera system, and various visual inspection equipment.

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