ICHIF (Ichigo) Inventory Turnover : 0.18 (As of May. 2024)

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What is Ichigo 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. Ichigo's Cost of Goods Sold for the three months ended in May. 2024 was $119.7 Mil. Ichigo's Average Total Inventories for the quarter that ended in May. 2024 was $681.9 Mil. Ichigo's Inventory Turnover for the quarter that ended in May. 2024 was 0.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ichigo's Days Inventory for the three months ended in May. 2024 was 519.74.

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. Ichigo's Inventory-to-Revenue for the quarter that ended in May. 2024 was 4.24.

Ichigo Inventory Turnover Historical Data

The historical data trend for Ichigo'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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Ichigo Inventory Turnover Chart

Ichigo Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Inventory Turnover

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0.46

0.71

0.59

0.61

0.64

Ichigo Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Inventory Turnover	Get a 7-Day Free Trial															0.07	0.12	0.08	0.36	0.18

Ichigo Inventory Turnover Calculation

Ichigo's Inventory Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Inventory Turnover (A: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2024 )	/ (	(Total Inventories (A: Feb. 2023 )	+	Total Inventories (A: Feb. 2024 ))	/	count )
=	413.561	/ (	(594.913	+	693.253)	/	2 )
=	413.561	/	644.083
=	0.64

Ichigo's Inventory Turnover for the quarter that ended in May. 2024 is calculated as

	Inventory Turnover (Q: May. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: May. 2024 )	/ (	(Total Inventories (Q: Feb. 2024 )	+	Total Inventories (Q: May. 2024 ))	/	count )
=	119.716	/ (	(693.253	+	670.511)	/	2 )
=	119.716	/	681.882
=	0.18

Ichigo (OTCPK:ICHIF) 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.

Ichigo's Days Inventory for the three months ended in May. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2024 )	/	Cost of Goods Sold (Q: May. 2024 )	*	Days in Period
	=	681.882	/	119.716	*	365 / 4
	=	519.74

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.

Ichigo's Inventory to Revenue for the quarter that ended in May. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2024 )	/	Revenue (Q: May. 2024 )
	=	681.882	/	161.007
	=	4.24

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.

Ichigo Inventory Turnover Related Terms

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Ichigo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ichigo Inc (OTCPK:ICHIF) » Definitions » Inventory Turnover

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2337:Japan

Address

17F, The Imperial Hotel Tower, 1-1-1, Uchisaiwai-cho, Chiyoda-k, Tokyo, JPN, 100-0011

Website

https://www.ichigo.gr.jp

Ichigo Inc is a Japanese real estate owner and operator, and clean energy producer. It manages several real estate investment trusts and operates solar plants across Japan. REIT opportunities include midsize hotel and office properties. Revenue is generated through fees via the management of the Ichigo REIT and private funds, and other fee-generating real estate services related to sourcing, financing, operation, property management, facility management, and disposition of real estate assets. Additional income is generated through the sale of properties and rental income. Clean Energy services involve the production of mega solar power.