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Pickles Holdings Co (TSE:2935) Inventory Turnover : 10.89 (As of Aug. 2024)


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What is Pickles Holdings 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. Pickles Holdings Co's Cost of Goods Sold for the three months ended in Aug. 2024 was 円8,514 Mil. Pickles Holdings Co's Average Total Inventories for the quarter that ended in Aug. 2024 was 円782 Mil. Pickles Holdings Co's Inventory Turnover for the quarter that ended in Aug. 2024 was 10.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pickles Holdings Co's Days Inventory for the three months ended in Aug. 2024 was 8.38.

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. Pickles Holdings Co's Inventory-to-Revenue for the quarter that ended in Aug. 2024 was 0.07.

Pickles Holdings Co Inventory Turnover Historical Data

The historical data trend for Pickles Holdings 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.

* Premium members only.

Pickles Holdings Co Inventory Turnover Chart

Pickles Holdings Co Annual Data
Trend Feb23 Feb24
Inventory Turnover
48.24 51.56

Pickles Holdings Co Quarterly Data
Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only 10.13 10.66 12.03 10.89 9.90

Pickles Holdings Co Inventory Turnover Calculation

Pickles Holdings Co's Inventory Turnover for the fiscal year that ended in Feb. 2024 is calculated as

Inventory Turnover (A: Feb. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Feb. 2024 ) / ((Total Inventories (A: Feb. 2023 ) + Total Inventories (A: Feb. 2024 )) / count )
=34391 / ((672 + 662) / 2 )
=34391 / 667
=51.56

Pickles Holdings Co's Inventory Turnover for the quarter that ended in Aug. 2024 is calculated as

Inventory Turnover (Q: Aug. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Aug. 2024 ) / ((Total Inventories (Q: May. 2024 ) + Total Inventories (Q: Aug. 2024 )) / count )
=8514 / ((761 + 803) / 2 )
=8514 / 782
=10.89

* 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.

Pickles Holdings Co  (TSE:2935) 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.

Pickles Holdings Co's Days Inventory for the three months ended in Aug. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Aug. 2024 )/Cost of Goods Sold (Q: Aug. 2024 )*Days in Period
=782/8514*365 / 4
=8.38

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.

Pickles Holdings Co's Inventory to Revenue for the quarter that ended in Aug. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Aug. 2024 ) / Revenue (Q: Aug. 2024 )
=782 / 10882
=0.07

* 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.

Pickles Holdings Co Inventory Turnover Related Terms

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Pickles Holdings Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pickles Holdings Co Ltd (TSE:2935) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
7-8, Higashisumiyoshi, Tokorozawa-shi, Saitama, JPN, 359-1124
Website
https://www.pickles-hd.co.jp
Pickles Holdings Co Ltd is engaged in the manufacturing and sale of pickled vegetables and side dishes.

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