Caica Digital (TSE:2315) Inventory Turnover : 97.29 (As of Jan. 2024)

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What is Caica Digital 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. Caica Digital's Cost of Goods Sold for the three months ended in Jan. 2024 was 円1,208 Mil. Caica Digital's Average Total Inventories for the quarter that ended in Jan. 2024 was 円12 Mil. Caica Digital's Inventory Turnover for the quarter that ended in Jan. 2024 was 97.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Caica Digital's Days Inventory for the three months ended in Jan. 2024 was 0.94.

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. Caica Digital's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.01.

Caica Digital Inventory Turnover Historical Data

The historical data trend for Caica Digital'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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Caica Digital Inventory Turnover Chart

Caica Digital Annual Data

Trend

Mar14

Mar15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

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216.21

105.51

63.27

137.78

425.20

Caica Digital Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															55.43	62.83	133.20	83.28	97.29

Caica Digital Inventory Turnover Calculation

Caica Digital's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	4888.342	/ (	(7.277	+	15.716)	/	2 )
=	4888.342	/	11.4965
=	425.20

Caica Digital'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 )
=	1207.571	/ (	(15.716	+	9.107)	/	2 )
=	1207.571	/	12.4115
=	97.29

Caica Digital (TSE:2315) 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.

Caica Digital'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
	=	12.4115	/	1207.571	*	365 / 4
	=	0.94

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.

Caica Digital'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 )
	=	12.4115	/	1354.305
	=	0.01

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.

Caica Digital Inventory Turnover Related Terms

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Caica Digital (TSE:2315) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Caica Digital Inc (TSE:2315) » Definitions » Inventory Turnover

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Address

Cross Air Tower, 1-5-1 Ohashi, Meguro-ku, Tokyo, JPN, 153-0044

Website

http://www.caica.jp

Caica Digital Inc is a Japanese company engaged in providing information services such as system development, offshore development, infrastructure, and provision of system-related consulting and maintenance support services. CAICA develops systems that include business package software development and distribution for information service providers. It offers industry solutions for banks, insurance, securities, department stores, convenience stores and transportation industry.

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