GIG Works (TSE:2375) Inventory Turnover : 24.31 (As of Apr. 2024)

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What is GIG Works 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. GIG Works's Cost of Goods Sold for the three months ended in Apr. 2024 was 円4,954 Mil. GIG Works's Average Total Inventories for the quarter that ended in Apr. 2024 was 円204 Mil. GIG Works's Inventory Turnover for the quarter that ended in Apr. 2024 was 24.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GIG Works's Days Inventory for the three months ended in Apr. 2024 was 3.75.

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. GIG Works's Inventory-to-Revenue for the quarter that ended in Apr. 2024 was 0.03.

GIG Works Inventory Turnover Historical Data

The historical data trend for GIG Works'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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GIG Works Inventory Turnover Chart

GIG Works Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Inventory Turnover

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182.63

183.24

86.94

82.38

67.37

GIG Works Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Oct24
Inventory Turnover	Get a 7-Day Free Trial															59.57	33.54	23.60	24.31	-

GIG Works Inventory Turnover Calculation

GIG Works's Inventory Turnover for the fiscal year that ended in Oct. 2024 is calculated as

	Inventory Turnover (A: Oct. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2024 )	/ (	(Total Inventories (A: Oct. 2023 )	+	Total Inventories (A: Oct. 2024 ))	/	count )
=	19415.436	/ (	(166.222	+	410.129)	/	2 )
=	19415.436	/	288.1755
=	67.37

GIG Works's Inventory Turnover for the quarter that ended in Apr. 2024 is calculated as

	Inventory Turnover (Q: Apr. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2024 )	/ (	(Total Inventories (Q: Jan. 2024 )	+	Total Inventories (Q: Apr. 2024 ))	/	count )
=	4954.04	/ (	(242.436	+	165.132)	/	2 )
=	4954.04	/	203.784
=	24.31

GIG Works (TSE:2375) 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.

GIG Works's Days Inventory for the three months ended in Apr. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2024 )	/	Cost of Goods Sold (Q: Apr. 2024 )	*	Days in Period
	=	203.784	/	4954.04	*	365 / 4
	=	3.75

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.

GIG Works's Inventory to Revenue for the quarter that ended in Apr. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2024 )	/	Revenue (Q: Apr. 2024 )
	=	203.784	/	6632.848
	=	0.03

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.

GIG Works Inventory Turnover Related Terms

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GIG Works Business Description

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Address

2-11-6 Nishi-Shinbashi, Tokyo New Nishi-Shinbashi Building 3rd Floor, Minato-ku, Tokyo, JPN, 105-0003

Website

https://www.gig.co.jp

GIG Works Inc is a Japan based company engaged in providing marketing and communication service which include sales agency and sales support service, field support service, contact service, and technology service which include engineering development consignment and staff support service.

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