Star Micronics Co (TSE:7718) Inventory Turnover : 0.39 (As of Mar. 2024)

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What is Star Micronics 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. Star Micronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円8,560 Mil. Star Micronics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円22,093 Mil. Star Micronics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Star Micronics Co's Days Inventory for the three months ended in Mar. 2024 was 235.52.

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. Star Micronics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.59.

Star Micronics Co Inventory Turnover Historical Data

The historical data trend for Star Micronics 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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Star Micronics Co Inventory Turnover Chart

Star Micronics Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.06

1.77

2.61

2.49

2.03

Star Micronics 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															0.46	0.49	0.39	0.48	0.39

Star Micronics Co Inventory Turnover Calculation

Star Micronics Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	47472.289	/ (	(25087.174	+	21762.673)	/	2 )
=	47472.289	/	23424.9235
=	2.03

Star Micronics 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 )
=	8559.624	/ (	(21762.673	+	22423.404)	/	2 )
=	8559.624	/	22093.0385
=	0.39

Star Micronics Co (TSE:7718) 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.

Star Micronics 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
	=	22093.0385	/	8559.624	*	365 / 4
	=	235.52

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.

Star Micronics 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 )
	=	22093.0385	/	13920.077
	=	1.59

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.

Star Micronics Co Inventory Turnover Related Terms

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Star Micronics Co (TSE:7718) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Star Micronics Co Ltd (TSE:7718) » Definitions » Inventory Turnover

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2ZN:Germany

Address

20-10 Nakayoshida, Suruga-ku, Shizuoka, JPN, 422-8654

Website

https://www.star-m.jp

Star Micronics Co Ltd is engaged in the manufacture and sale of machinery, electronic components, machine tools and precision parts. It operates with various segment namely; Special products segment which offers point-of-sale printers, Visual cards, Readers and Writers; Components segment produces and sells electronic buzzers, microphones, speakers, receivers and others; Machine Tools segment offers computer numeric control automatic lathes and others; and Precision Products segment produces and sells wristwatch parts, optical connector parts, automotive parts, medical parts and others. The company generates most of its revenue from the machine tools segment and it has business presence worldwide, including Japan, the United States, Europe, and other Asian areas.

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