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Argo Graphics (TSE:7595) Inventory Turnover : 4.94 (As of Dec. 2023)


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What is Argo Graphics 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. Argo Graphics's Cost of Goods Sold for the three months ended in Dec. 2023 was 円9,931 Mil. Argo Graphics's Average Total Inventories for the quarter that ended in Dec. 2023 was 円2,012 Mil. Argo Graphics's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Argo Graphics's Days Inventory for the three months ended in Dec. 2023 was 18.48.

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. Argo Graphics's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.15.


Argo Graphics Inventory Turnover Historical Data

The historical data trend for Argo Graphics'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.

* Premium members only.

Argo Graphics Inventory Turnover Chart

Argo Graphics Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.48 33.14 32.10 23.69 20.76

Argo Graphics 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.93 4.82 4.85 4.94 5.72

Argo Graphics Inventory Turnover Calculation

Argo Graphics'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 )
=43494.929 / ((2019.926 + 2169.572) / 2 )
=43494.929 / 2094.749
=20.76

Argo Graphics'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 )
=9930.73 / ((1707.337 + 2315.817) / 2 )
=9930.73 / 2011.577
=4.94

* 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.


Argo Graphics  (TSE:7595) 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.

Argo Graphics'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
=2011.577/9930.73*365 / 4
=18.48

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.

Argo Graphics'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 )
=2011.577 / 13820.539
=0.15

* 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.


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.


Argo Graphics Inventory Turnover Related Terms

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Argo Graphics (TSE:7595) Business Description

Traded in Other Exchanges
N/A
Address
5-14 Nihombashi-hakozaki-cho, Tokyo, JPN, 103-0015
Argo Graphics Inc provides technical solutions such as HPC solutions and IT solutions including PLM solutions.

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