Qualtec Co (TSE:9165) Inventory Turnover : 20.60 (As of Jun. 2023)

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What is Qualtec 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. Qualtec Co's Cost of Goods Sold for the six months ended in Jun. 2023 was 円2,407 Mil. Qualtec Co's Average Total Inventories for the quarter that ended in Jun. 2023 was 円117 Mil. Qualtec Co's Inventory Turnover for the quarter that ended in Jun. 2023 was 20.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qualtec Co's Days Inventory for the six months ended in Jun. 2023 was 8.86.

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. Qualtec Co's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.04.

Qualtec Co Inventory Turnover Historical Data

The historical data trend for Qualtec 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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Qualtec Co Inventory Turnover Chart

Qualtec Co Annual Data

Trend

Jun21

Jun22

Jun23

Inventory Turnover

9.61

19.63

20.60

Qualtec Co Semi-Annual Data
	Jun21	Jun22	Jun23
Inventory Turnover	9.61	19.63	20.60

Qualtec Co Inventory Turnover Calculation

Qualtec Co's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	2406.861	/ (	(115.238	+	118.459)	/	2 )
=	2406.861	/	116.8485
=	20.60

Qualtec Co's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	2406.861	/ (	(115.238	+	118.459)	/	2 )
=	2406.861	/	116.8485
=	20.60

Qualtec Co (TSE:9165) 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.

Qualtec Co's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	116.8485	/	2406.861	*	365 / 2
	=	8.86

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.

Qualtec Co's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	116.8485	/	3274.204
	=	0.04

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.

Qualtec Co Inventory Turnover Related Terms

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Qualtec Co (TSE:9165) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Qualtec Co Ltd (TSE:9165) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-230 Sanbo-cho, Sakai-ku Sakai-shi, Osaka, JPN, 590-0906

Website

https://www.qualtec.co.jp

Qualtec Co Ltd Provides failure analysis and reliability testing of electronic components and is also engaged in the development and sale of testing equipment; fine processing of electronic components; Microfabrication centered on laser processing and surface treatment (plating) technology etc.

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