IIJIF (Internet Initiative Japan) Inventory Turnover: 11.67 (As of Mar. 2026)

What is Internet Initiative Japan Inventory Turnover?

Internet Initiative Japan IIJIF -3.09% 94 Inventory Turnover is 11.67 as of Mar. 2026. GuruFocus rates IIJIF with a GF Score™ of 94/100 and a GF Value™ of $20.14 (Fairly Valued). The stock has 6 warning signs investors should review.

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. Internet Initiative Japan's Cost of Goods Sold for the three months ended in Mar. 2026 was $467 Mil. Internet Initiative Japan's Average Total Inventories for the quarter that ended in Mar. 2026 was $40 Mil. Internet Initiative Japan's Inventory Turnover for the quarter that ended in Mar. 2026 was 11.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Internet Initiative Japan's Days Inventory for the three months ended in Mar. 2026 was 7.82.

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. Internet Initiative Japan's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.07.

Internet Initiative Japan (OTCPK:IIJIF) 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.

Internet Initiative Japan's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	40.0175	/	466.988	*	365 / 4
	=	7.82

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.

Internet Initiative Japan's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	40.0175	/	605.384
	=	0.07

* 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.

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.

Internet Initiative Japan Inventory Turnover Related Terms

Internet Initiative Japan Inventory Turnover Historical Data

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The historical data trend for Internet Initiative Japan's Inventory Turnover can be seen below:

Internet Initiative Japan Inventory Turnover Chart

Internet Initiative Japan Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Inventory Turnover

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70.22

63.58

62.41

62.96

44.44

Internet Initiative Japan Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															12.39	11.66	10.82	11.17	11.67

94GF Score

Internet Initiative Japan Inc IIJIF

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Internet Initiative Japan Inventory Turnover Calculation

Internet Initiative Japan's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

	Inventory Turnover (A: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2026 )	/ (	(Total Inventories (A: Mar. 2025 )	+	Total Inventories (A: Mar. 2026 ))	/	count )
=	1696.643	/ (	(31.404	+	44.945)	/	2 )
=	1696.643	/	38.1745
=	44.44

Internet Initiative Japan's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	466.988	/ (	(35.09	+	44.945)	/	2 )
=	466.988	/	40.0175
=	11.67

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 11.67 mean?

Internet Initiative Japan (IIJIF) has a Inventory Turnover of 11.67 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Internet Initiative Japan and its competitors.

Is Internet Initiative Japan's Inventory Turnover too high?

Internet Initiative Japan's current Inventory Turnover is 11.67. Overall, Internet Initiative Japan has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Internet Initiative Japan's Inventory Turnover compare to TMUS and VZ?

Internet Initiative Japan's Inventory Turnover of 11.67 can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Telecommunication Services company?

A good Inventory Turnover depends on the Telecommunication Services industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Internet Initiative Japan and its competitors. Internet Initiative Japan's current Inventory Turnover is 11.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Internet Initiative Japan stock overvalued right now?

Based on GuruFocus' analysis, Internet Initiative Japan (IIJIF) is currently considered Fairly Valued. The stock's GF Value™ is $20.14, compared to a current price of $18.51 — trading 8.1% below its estimated fair value. The current Inventory Turnover is 11.67. Internet Initiative Japan's overall GF Score™ is 94/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Internet Initiative Japan (IIJIF), the current Inventory Turnover is 11.67 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Internet Initiative Japan (IIJIF) Overvalued in 2026?

Based on GuruFocus' analysis, Internet Initiative Japan stock appears to be undervalued. The current stock price of $18.51 is trading 8.1% below its estimated GF Value™ of $20.14. GuruFocus considers Internet Initiative Japan to be Fairly Valued.

Key valuation signals for IIJIF:

Inventory Turnover: 11.67
GF Value™: $20.14 vs. price of $18.51 (8.1% below fair value)
GF Score™: 94/100 with 6 warning signs

No single metric tells the full story. See the IIJIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Internet Initiative Japan Business Description

Industry Communication Services Telecommunication Services

Comparable Companies TSE:9436 TSE:9449 TSE:9416 TSE:4390 TSE:9424 TSE:3776 TSE:3834 TSE:9450 TSE:3934 TSE:9428 TSE:9984 SHSE:600941 TMUS VZ T XTER:DTE NSE:BHARTIARTL CMCSA MEX:AMXB TSE:9432

Other Exchanges IIJIY:USA 3774:Japan IIJ:Germany

Address Iidabashi Grand Bloom, 2-10-2 Fujimi, Chiyoda-ku, Tokyo, JPN, 102-0071

Website https://www.iij.ad.jp

Internet Initiative Japan Inc. is a provider of a variety of services including Internet access, outsourcing, and systems integration. Its Internet access services span dial-up, mobile, and broadband technologies. Its wide area network services allow secure data sharing over Internet virtual private networks, independently developed routers, and closed wide area networks. Its outsourcing services include cloud, content delivery, data center, and security services. The firm generates nearly all its revenue in Japan.

94GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$18.51

Price

$20.14

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