Central Forest Group (NGO:7675) Inventory Turnover : 7.97 (As of Jun. 2024)

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What is Central Forest Group 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. Central Forest Group's Cost of Goods Sold for the three months ended in Jun. 2024 was 円78,050 Mil. Central Forest Group's Average Total Inventories for the quarter that ended in Jun. 2024 was 円9,788 Mil. Central Forest Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 7.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Central Forest Group's Days Inventory for the three months ended in Jun. 2024 was 11.44.

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. Central Forest Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.11.

Central Forest Group Inventory Turnover Historical Data

The historical data trend for Central Forest Group'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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Central Forest Group Inventory Turnover Chart

Central Forest Group Annual Data

Trend

Sep19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

30.69

31.19

25.40

24.67

23.93

Central Forest Group Quarterly Data
	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															8.53	8.34	6.87	6.23	7.97

Central Forest Group Inventory Turnover Calculation

Central Forest Group's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	297680	/ (	(11751	+	13124)	/	2 )
=	297680	/	12437.5
=	23.93

Central Forest Group's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	78050	/ (	(9342	+	10234)	/	2 )
=	78050	/	9788
=	7.97

Central Forest Group (NGO:7675) 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.

Central Forest Group's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	9788	/	78050	*	365 / 4
	=	11.44

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.

Central Forest Group's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	9788	/	86137
	=	0.11

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.

Central Forest Group Inventory Turnover Related Terms

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Central Forest Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Central Forest Group Inc (NGO:7675) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4, Kawanami-cho, Atsuta-ku, Nagoya, JPN, 456-0072

Website

https://www.centralforestgroup.co.jp

Central Forest Group Inc is engaged in the business of wholesale of food products such as alcoholic beverages among others.

Central Forest Group Headlines

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