Iida Group Holdings Co (TSE:3291) Inventory Turnover : 0.35 (As of Dec. 2023)

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What is Iida Group 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. Iida Group Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円298,824 Mil. Iida Group Holdings Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円862,161 Mil. Iida Group Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Iida Group Holdings Co's Days Inventory for the three months ended in Dec. 2023 was 263.27.

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. Iida Group Holdings Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.49.

Iida Group Holdings Co Inventory Turnover Historical Data

The historical data trend for Iida Group 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.

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Iida Group Holdings Co Inventory Turnover Chart

Iida Group Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.79

1.75

2.03

2.00

1.73

Iida Group Holdings Co 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															0.37	0.46	0.34	0.36	0.35

Iida Group Holdings Co Inventory Turnover Calculation

Iida Group Holdings Co'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 )
=	1188592	/ (	(615053	+	757127)	/	2 )
=	1188592	/	686090
=	1.73

Iida Group Holdings Co'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 )
=	298824	/ (	(839779	+	884543)	/	2 )
=	298824	/	862161
=	0.35

Iida Group Holdings Co (TSE:3291) 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.

Iida Group Holdings Co'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
	=	862161	/	298824	*	365 / 4
	=	263.27

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.

Iida Group Holdings Co'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 )
	=	862161	/	346104
	=	2.49

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.

Iida Group Holdings Co Inventory Turnover Related Terms

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Iida Group Holdings Co (TSE:3291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Iida Group Holdings Co Ltd (TSE:3291) » Definitions » Inventory Turnover

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IIO:Germany

Address

1-4-1, Nishihara-cho Nishitokyo, Tokyo, JPN

Website

https://www.ighd.co.jp

Iida Group Holdings Co Ltd is engaged in the operation of real estate business. It is involved in the development of real estate properties and the sale of various real estate properties. The company is also involved in various other real estate-related activities, such as renovation works, real estate brokerage services, hot spring and golf course operations, arrangement and lending of mortgage loans, and the provision of Internet-related consulting services, among others.

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