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Thinca Co (TSE:149A) Inventory Turnover : 2.24 (As of Mar. 2024)


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What is Thinca Co 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. Thinca Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円59.2 Mil. Thinca Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円26.4 Mil. Thinca Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Thinca Co's Days Inventory for the three months ended in Mar. 2024 was 40.67.

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. Thinca Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.09.

Thinca Co Inventory Turnover Historical Data

The historical data trend for Thinca Co'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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Thinca Co Inventory Turnover Chart

Thinca Co Annual Data
Trend Dec21 Dec22 Dec23
Inventory Turnover
9.32 10.39 8.11

Thinca Co Quarterly Data
Dec21 Dec22 Sep23 Dec23 Mar24
Inventory Turnover - - - 1.64 2.24

Thinca Co Inventory Turnover Calculation

Thinca Co'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 )
=172.603 / ((17.944 + 24.61) / 2 )
=172.603 / 21.277
=8.11

Thinca Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover (Q: Mar. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2024 ) / ((Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count )
=59.235 / ((24.61 + 28.194) / 2 )
=59.235 / 26.402
=2.24

* 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.

Thinca Co  (TSE:149A) 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.

Thinca Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=26.402/59.235*365 / 4
=40.67

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.

Thinca Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=26.402 / 291.968
=0.09

* 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.

Thinca Co Inventory Turnover Related Terms

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Thinca Co (TSE:149A) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinca Co Ltd (TSE:149A) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
3-3 Kanda-Nishiki-cho, Chiyoda-ku, Tokyo, JPN, 101-0054
Website
Thinca Co Ltd is engaged in development and distribution of communication platform "KAICLOUD", and other related business.

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