SRA Holdings (TSE:3817) Inventory Turnover

: 2.94 (As of Dec. 2023)

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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. SRA Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was 円7,926 Mil. SRA Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was 円2,695 Mil. SRA Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SRA Holdings's Days Inventory for the three months ended in Dec. 2023 was 31.03.

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. SRA Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

SRA Holdings Inventory Turnover Historical Data

The historical data trend for SRA Holdings'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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SRA Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

14.84

16.15

14.33

16.29

17.50

SRA Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																3.78	4.22	3.71	3.53	2.94

SRA Holdings Inventory Turnover Calculation

SRA Holdings'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 )
=	32109	/ (	(1699	+	1970)	/	2 )
=	32109	/	1834.5
=	17.50

SRA Holdings'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 )
=	7926	/ (	(2567	+	2823)	/	2 )
=	7926	/	2695
=	2.94

SRA Holdings (TSE:3817) 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.

SRA Holdings'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
	=	2695	/	7926	*	365 / 4
	=	31.03

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.

SRA Holdings'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 )
	=	2695	/	10918
	=	0.25

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.

SRA Holdings Inventory Turnover Related Terms

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SRA Holdings (TSE:3817) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SRA Holdings Inc (TSE:3817) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-32-8 Minami-Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0022

Website

http://www.sra-hd.co.jp

SRA Holdings Inc is an information technology services provider. The company operates through three business areas: systems development, operation/administration services and product solutions marketing. The systems development includes financial IT services, embedded IT services, academic IT services, business systems development and infrastructure development. The operation/administration services include outsourcing services, infrastructure operation services and system operation services. The product solutions marketing includes cloud security, open source software, and development support. The company has an operational presence across Europe, India, China, and Singapore.

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