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Billing System (TSE:3623) Inventory Turnover : 7.76 (As of Mar. 2024)


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What is Billing System 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. Billing System's Cost of Goods Sold for the three months ended in Mar. 2024 was 円628 Mil. Billing System's Average Total Inventories for the quarter that ended in Mar. 2024 was 円81 Mil. Billing System's Inventory Turnover for the quarter that ended in Mar. 2024 was 7.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Billing System's Days Inventory for the three months ended in Mar. 2024 was 11.76.

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. Billing System's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.08.


Billing System Inventory Turnover Historical Data

The historical data trend for Billing System'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.

Billing System Inventory Turnover Chart

Billing System Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.19 33.95 37.62 51.69 36.67

Billing System 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.04 16.60 11.01 7.65 7.76

Billing System Inventory Turnover Calculation

Billing System's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=2414.516 / ((40.92 + 90.777) / 2 )
=2414.516 / 65.8485
=36.67

Billing System'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 )
=627.744 / ((90.777 + 71.014) / 2 )
=627.744 / 80.8955
=7.76

* 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.


Billing System  (TSE:3623) 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.

Billing System'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
=80.8955/627.744*365 / 4
=11.76

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.

Billing System'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 )
=80.8955 / 995.601
=0.08

* 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.


Billing System Inventory Turnover Related Terms

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Billing System (TSE:3623) Business Description

Traded in Other Exchanges
N/A
Address
Imperial Hotel Tower 13F 1-1-1, Uchisaiwai, Tokyo, JPN, 100-0011
Billing System Corp is engaged in the provision of business contract services and consulting services. It operates in the following business divisions: The Settlement Support division which includes quick credit, agency payment and payment support services, in support of the streamlining for call-in, payment and cash management businesses through the company's settlement platform, the finance division which includes financing agency business between companies and commercial money lenders and other division is engaged in the provision of environmental business-related services, as well as consulting services.

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