Marui Group Co (Marui Group Co) Inventory Turnover : 10.97 (As of Dec. 2023)

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What is Marui Group 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. Marui Group Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $47 Mil. Marui Group Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $4 Mil. Marui Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Marui Group Co's Days Inventory for the three months ended in Dec. 2023 was 8.32.

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. Marui Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Marui Group Co Inventory Turnover Historical Data

The historical data trend for Marui Group 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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Marui Group Co Inventory Turnover Chart

Marui Group Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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9.34

10.60

7.28

12.66

28.29

Marui Group 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															8.36	11.50	7.94	10.42	10.97

Marui Group Co Inventory Turnover Calculation

Marui Group 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 )
=	195.355	/ (	(9.024	+	4.788)	/	2 )
=	195.355	/	6.906
=	28.29

Marui Group 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 )
=	46.749	/ (	(4.336	+	4.188)	/	2 )
=	46.749	/	4.262
=	10.97

Marui Group Co (OTCPK:MAURY) 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.

Marui Group 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
	=	4.262	/	46.749	*	365 / 4
	=	8.32

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.

Marui Group 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 )
	=	4.262	/	405.267
	=	0.01

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.

Marui Group Co Inventory Turnover Related Terms

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Marui Group Co (Marui Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Marui Group Co Ltd (OTCPK:MAURY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

8252:Japan MUI:Germany

Address

4-3-2 Nakano, Nakano-ku, Tokyo, JPN, 164-8701

Website

http://www.0101maruigroup.co.jp

Marui Group Co Ltd operates group companies engaged in retail business and fintech business. It operates through two segments namely Retailing and Fintech. The Retailing segment engages in the management of commercial property rental, retailing operations of clothes and accessories, space production, advertising, apparel distribution, and management of buildings and other facilities. The FinTech segment engages in the credit card services, consumer loans, and the rent guarantee businesses; IT systems; and real estate rental.

Marui Group Co (Marui Group Co) Headlines

From GuruFocus

Matthews Japan Fund Comments on Marui

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