Alps Logistics Co (TSE:9055) Inventory Turnover : 13.67 (As of Dec. 2023)

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What is Alps Logistics 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. Alps Logistics Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円27,120 Mil. Alps Logistics Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円1,984 Mil. Alps Logistics Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 13.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alps Logistics Co's Days Inventory for the three months ended in Dec. 2023 was 6.68.

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. Alps Logistics Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

Alps Logistics Co Inventory Turnover Historical Data

The historical data trend for Alps Logistics 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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Alps Logistics Co Inventory Turnover Chart

Alps Logistics Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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52.81

51.25

52.04

51.95

49.85

Alps Logistics 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															12.18	11.94	12.47	13.12	13.67

Alps Logistics Co Inventory Turnover Calculation

Alps Logistics 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 )
=	105256	/ (	(2211	+	2012)	/	2 )
=	105256	/	2111.5
=	49.85

Alps Logistics 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 )
=	27120	/ (	(1943	+	2025)	/	2 )
=	27120	/	1984
=	13.67

Alps Logistics Co (TSE:9055) 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.

Alps Logistics 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
	=	1984	/	27120	*	365 / 4
	=	6.68

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.

Alps Logistics 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 )
	=	1984	/	31020
	=	0.06

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.

Alps Logistics Co Inventory Turnover Related Terms

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Alps Logistics Co (TSE:9055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Alps Logistics Co Ltd (TSE:9055) » Definitions » Inventory Turnover

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Address

1756 Nippa-cho, Kohoku-ku, Kanagawa Pref., Yokohama, JPN, 223-0057

Website

https://www.alps-logistics.jp

Alps Logistics Co Ltd is a Japan-based company engaged in the provision of integrated logistics services. It operates through three segments namely Transportation, Warehousing, and Forwarding. Its Transportation segment includes the supply of products from electronic component manufacturers and trading companies to end-product manufacturers. The Warehousing segment is involved in the storage of various electronic components and other products. Its Forwarding segment consists of multi-function logistics centers that supply products to overseas markets.

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