Asanuma (TSE:1852) Inventory Turnover : 23.04 (As of Dec. 2023)

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What is Asanuma 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. Asanuma's Cost of Goods Sold for the three months ended in Dec. 2023 was 円38,025 Mil. Asanuma's Average Total Inventories for the quarter that ended in Dec. 2023 was 円1,651 Mil. Asanuma's Inventory Turnover for the quarter that ended in Dec. 2023 was 23.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asanuma's Days Inventory for the three months ended in Dec. 2023 was 3.96.

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. Asanuma's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Asanuma Inventory Turnover Historical Data

The historical data trend for Asanuma'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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Asanuma Inventory Turnover Chart

Asanuma Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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82.61

61.49

59.11

55.81

70.38

Asanuma 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															14.80	18.53	21.17	26.93	23.04

Asanuma Inventory Turnover Calculation

Asanuma'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 )
=	129297	/ (	(2279	+	1395)	/	2 )
=	129297	/	1837
=	70.38

Asanuma'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 )
=	38025	/ (	(1433	+	1868)	/	2 )
=	38025	/	1650.5
=	23.04

Asanuma (TSE:1852) 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.

Asanuma'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
	=	1650.5	/	38025	*	365 / 4
	=	3.96

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.

Asanuma'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 )
	=	1650.5	/	41572
	=	0.04

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.

Asanuma Inventory Turnover Related Terms

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Asanuma (TSE:1852) Business Description

Industry

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Address

12-6 Higashikouzu-cho, Tennoji-ku, Osaka, JPN, 543-8688

Website

http://www.asanuma.co.jp

Asanuma Corp is a Japan-based company operating in the engineering and construction sector. The firm is mainly engaged in the planning, design, supervision, contracting and consulting work of construction work. It undertakes projects related to regional development, urban development, ocean development, environmental improvement public office buildings, medical and social welfare facilities, education and research facilities, waste disposal facilities, roads, railroads, ports, and airports. The company is also engaged in the design, manufacture, sale, and rental of machine tools and machinery for construction work, and real estate business.

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