Financial Partners Group Co (TSE:7148) Inventory Turnover : 0.42 (As of Mar. 2024)

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What is Financial Partners Group 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. Financial Partners Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円16,631 Mil. Financial Partners Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円40,022 Mil. Financial Partners Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Financial Partners Group Co's Days Inventory for the three months ended in Mar. 2024 was 219.59.

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. Financial Partners Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.52.

Financial Partners Group Co Inventory Turnover Historical Data

The historical data trend for Financial Partners Group 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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Financial Partners Group Co Inventory Turnover Chart

Financial Partners Group Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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1.16

1.70

0.30

1.59

1.29

Financial Partners Group Co 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															0.16	0.18	0.40	0.39	0.42

Financial Partners Group Co Inventory Turnover Calculation

Financial Partners Group Co's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	44842	/ (	(31650	+	37647)	/	2 )
=	44842	/	34648.5
=	1.29

Financial Partners Group Co'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 )
=	16631	/ (	(31747	+	48296)	/	2 )
=	16631	/	40021.5
=	0.42

Financial Partners Group Co (TSE:7148) 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.

Financial Partners Group Co'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
	=	40021.5	/	16631	*	365 / 4
	=	219.59

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.

Financial Partners Group Co'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 )
	=	40021.5	/	26303
	=	1.52

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.

Financial Partners Group Co Inventory Turnover Related Terms

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Financial Partners Group Co (TSE:7148) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Financial Partners Group Co Ltd (TSE:7148) » Definitions » Inventory Turnover

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Address

2-7-2, Marunouchi, JP Tower, 29th Floor, Chiyoda-ku, Tokyo, JPN, 100-7029

Website

http://www.fpg.jp

Financial Partners Group Co Ltd is a financial services company based in Japan. The company's core business is the tax leasing arrangement business, which provides integrated services covering the structuring, origination, equity placement, and administration of Japanese operating leases for large transport equipment such as marine containers, ships and aircraft. The company is also engaged in the insurance brokerage business, mergers and acquisition advisory business, private banking business, real estate-related business, securities business, asset management business, and the trust business.

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