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Ecology and Combustion (NGO:6225) Inventory Turnover : 0.58 (As of Jan. 2024)


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What is Ecology and Combustion 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. Ecology and Combustion's Cost of Goods Sold for the three months ended in Jan. 2024 was 円342 Mil. Ecology and Combustion's Average Total Inventories for the quarter that ended in Jan. 2024 was 円594 Mil. Ecology and Combustion's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ecology and Combustion's Days Inventory for the three months ended in Jan. 2024 was 158.39.

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. Ecology and Combustion's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 1.11.

Ecology and Combustion Inventory Turnover Historical Data

The historical data trend for Ecology and Combustion'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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Ecology and Combustion Inventory Turnover Chart

Ecology and Combustion Annual Data
Trend Jul22 Jul23
Inventory Turnover
2.20 3.93

Ecology and Combustion Quarterly Data
Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Inventory Turnover Get a 7-Day Free Trial 0.84 0.86 1.14 0.44 0.58

Ecology and Combustion Inventory Turnover Calculation

Ecology and Combustion's Inventory Turnover for the fiscal year that ended in Jul. 2023 is calculated as

Inventory Turnover (A: Jul. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jul. 2023 ) / ((Total Inventories (A: Jul. 2022 ) + Total Inventories (A: Jul. 2023 )) / count )
=1738.673 / ((473.7 + 410.111) / 2 )
=1738.673 / 441.9055
=3.93

Ecology and Combustion's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover (Q: Jan. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jan. 2024 ) / ((Total Inventories (Q: Oct. 2023 ) + Total Inventories (Q: Jan. 2024 )) / count )
=342.448 / ((557.793 + 631.022) / 2 )
=342.448 / 594.4075
=0.58

* 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.

Ecology and Combustion  (NGO:6225) 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.

Ecology and Combustion's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Jan. 2024 )/Cost of Goods Sold (Q: Jan. 2024 )*Days in Period
=594.4075/342.448*365 / 4
=158.39

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.

Ecology and Combustion's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jan. 2024 ) / Revenue (Q: Jan. 2024 )
=594.4075 / 537.443
=1.11

* 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.

Ecology and Combustion Inventory Turnover Related Terms

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Ecology and Combustion (NGO:6225) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ecology and Combustion Inc (NGO:6225) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
4-5-6 Shinmiyakoda (Hamamatsu Technopolis), Kita-Ku, Hamamatsu, JPN, 4312103
Website
https://www.ecom-jp.co.jp
Ecology and Combustion Inc is engaged in the development, design, manufacture and maintenance of heating equipment. It develops, design, manufacture, and maintain deodorizing equipment, aluminum melting/holding furnaces, drying furnaces, heat treatment furnaces, and burners.

Ecology and Combustion (NGO:6225) Headlines

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