Macnica Holdings (TSE:3132) Inventory Turnover : 0.88 (As of Mar. 2024)

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What is Macnica Holdings 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. Macnica Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was 円200,150 Mil. Macnica Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was 円227,021 Mil. Macnica Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Macnica Holdings's Days Inventory for the three months ended in Mar. 2024 was 103.50.

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. Macnica Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.99.

Macnica Holdings Inventory Turnover Historical Data

The historical data trend for Macnica Holdings'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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Macnica Holdings Inventory Turnover Chart

Macnica Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.27

5.49

6.00

5.05

3.97

Macnica Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.10	1.09	1.04	1.00	0.88

Macnica Holdings Inventory Turnover Calculation

Macnica Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	899101	/ (	(218905	+	234001)	/	2 )
=	899101	/	226453
=	3.97

Macnica Holdings'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 )
=	200150	/ (	(220041	+	234001)	/	2 )
=	200150	/	227021
=	0.88

Macnica Holdings (TSE:3132) 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.

Macnica Holdings'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
	=	227021	/	200150	*	365 / 4
	=	103.50

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.

Macnica Holdings'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 )
	=	227021	/	228415
	=	0.99

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.

Macnica Holdings Inventory Turnover Related Terms

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Macnica Holdings (TSE:3132) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Macnica Holdings Inc (TSE:3132) » Definitions » Inventory Turnover

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N/A

Address

1-6-3 Shinyokohama, Kohoku Ward, Kanagawa Prefecture, Yokohama, JPN

Website

http://www.macfehd.co.jp

Macnica Holdings Inc is an independent electronics distribution company in Japan. The company imports, exports and distributes electronic components such as semiconductor devices and Integrated Circuit (IC), and business accompanying or pertaining to such activities. Its business segments are the Integrated Circuit, Electronic Devices, and Other Business and the Network Business. The IC, Electronic Devices, and Other Business handle the sales of products such as ICs and electronic devices and the Network Business is responsible for the sales of network-related hardware, software, and services.

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