Nagase Brothers (TSE:9733) Inventory Turnover : 14.41 (As of Dec. 2023)

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What is Nagase Brothers 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. Nagase Brothers's Cost of Goods Sold for the three months ended in Dec. 2023 was 円9,643 Mil. Nagase Brothers's Average Total Inventories for the quarter that ended in Dec. 2023 was 円669 Mil. Nagase Brothers's Inventory Turnover for the quarter that ended in Dec. 2023 was 14.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nagase Brothers's Days Inventory for the three months ended in Dec. 2023 was 6.33.

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. Nagase Brothers's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Nagase Brothers Inventory Turnover Historical Data

The historical data trend for Nagase Brothers'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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Nagase Brothers Inventory Turnover Chart

Nagase Brothers Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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64.25

64.01

64.15

70.11

69.62

Nagase Brothers 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															14.52	15.74	14.13	15.07	14.41

Nagase Brothers Inventory Turnover Calculation

Nagase Brothers'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 )
=	37349	/ (	(504	+	569)	/	2 )
=	37349	/	536.5
=	69.62

Nagase Brothers'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 )
=	9643	/ (	(576	+	762)	/	2 )
=	9643	/	669
=	14.41

Nagase Brothers (TSE:9733) 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.

Nagase Brothers'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
	=	669	/	9643	*	365 / 4
	=	6.33

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.

Nagase Brothers'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 )
	=	669	/	14184
	=	0.05

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.

Nagase Brothers Inventory Turnover Related Terms

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Nagase Brothers (TSE:9733) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Nagase Brothers Inc (TSE:9733) » Definitions » Inventory Turnover

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Address

1-29-2 Kichijojiminami, Musashino-shi, Tokyo, JPN

Website

http://www.toshin.com

Nagase Brothers Inc operates cram schools. It offers educational services for elementary, junior high, and high school students. It also has business schools, elementary schools, and swimming schools; and offers entrance examination services, as well as publishes reference books.

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