Japan Aviation Electronics Industry (FRA:8N9) Inventory Turnover : 1.62 (As of Dec. 2023)

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What is Japan Aviation Electronics Industry 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. Japan Aviation Electronics Industry's Cost of Goods Sold for the three months ended in Dec. 2023 was €299 Mil. Japan Aviation Electronics Industry's Average Total Inventories for the quarter that ended in Dec. 2023 was €185 Mil. Japan Aviation Electronics Industry's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Japan Aviation Electronics Industry's Days Inventory for the three months ended in Dec. 2023 was 56.48.

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. Japan Aviation Electronics Industry's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.50.

Japan Aviation Electronics Industry Inventory Turnover Historical Data

The historical data trend for Japan Aviation Electronics Industry'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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Japan Aviation Electronics Industry Inventory Turnover Chart

Japan Aviation Electronics Industry Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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9.17

8.34

7.28

6.42

6.12

Japan Aviation Electronics Industry Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.51	1.44	1.67	1.62	1.54

Japan Aviation Electronics Industry Inventory Turnover Calculation

Japan Aviation Electronics Industry's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	1142.181	/ (	(199.581	+	173.912)	/	2 )
=	1142.181	/	186.7465
=	6.12

Japan Aviation Electronics Industry'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 )
=	298.822	/ (	(182.735	+	187.188)	/	2 )
=	298.822	/	184.9615
=	1.62

Japan Aviation Electronics Industry (FRA:8N9) 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.

Japan Aviation Electronics Industry'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
	=	184.9615	/	298.822	*	365 / 4
	=	56.48

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.

Japan Aviation Electronics Industry'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 )
	=	184.9615	/	369.809
	=	0.50

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.

Japan Aviation Electronics Industry Inventory Turnover Related Terms

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Japan Aviation Electronics Industry (FRA:8N9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Japan Aviation Electronics Industry Ltd (FRA:8N9) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

6807:Japan

Address

21-2, Dogenzaka 1-chome, Shibuya-ku, Tokyo, JPN, 150-0043

Website

https://www.jae.com

Japan Aviation Electronics Industry Ltd is a Japan-based company that manufactures and distributes electronic components and equipment. The firm's operations are organized in four segments: the Connector segment, which sells connectors for use in infrastructure, transportation, and mobile device applications; the Interface Solution segment, which sells touch panels, touch controls, and monitors; the Aviation Equipment segment, which includes navigation equipment and motion sensor solutions; and Others, which includes the sale of other products and the transportation business.

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