Hokuyaku Takeyama Holdings (SSE:3055) Inventory Turnover : 3.50 (As of Dec. 2023)

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What is Hokuyaku Takeyama Holdings 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. Hokuyaku Takeyama Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was 円67,510 Mil. Hokuyaku Takeyama Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was 円19,294 Mil. Hokuyaku Takeyama Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hokuyaku Takeyama Holdings's Days Inventory for the three months ended in Dec. 2023 was 26.08.

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. Hokuyaku Takeyama Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

Hokuyaku Takeyama Holdings Inventory Turnover Historical Data

The historical data trend for Hokuyaku Takeyama Holdings'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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Hokuyaku Takeyama Holdings Inventory Turnover Chart

Hokuyaku Takeyama Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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14.15

14.35

14.24

14.58

14.51

Hokuyaku Takeyama Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.60	3.25	3.72	3.61	3.50

Hokuyaku Takeyama Holdings Inventory Turnover Calculation

Hokuyaku Takeyama Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	242020	/ (	(15977	+	17389)	/	2 )
=	242020	/	16683
=	14.51

Hokuyaku Takeyama Holdings'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 )
=	67510	/ (	(18520	+	20068)	/	2 )
=	67510	/	19294
=	3.50

Hokuyaku Takeyama Holdings (SSE:3055) 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.

Hokuyaku Takeyama Holdings'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
	=	19294	/	67510	*	365 / 4
	=	26.08

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.

Hokuyaku Takeyama Holdings'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 )
	=	19294	/	73279
	=	0.26

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.

Hokuyaku Takeyama Holdings Inventory Turnover Related Terms

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Hokuyaku Takeyama Holdings (SSE:3055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Hokuyaku Takeyama Holdings Inc (SSE:3055) » Definitions » Inventory Turnover

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Address

1-5-16 west-chome, Chuo-ku, Sapporo Kita, Hokkaido, JPN, 060-0006

Website

http://www.hokutake.co.jp

Hokuyaku Takeyama Holdings Inc is a medical device wholesaler. The company also distributes ethical drugs and general-purpose medicines. It offers repair services for medical instruments and manages real estate for physics and chemistry instruments.

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