DWANGO Co., (TSE:3715) Inventory Turnover : 2.39 (As of Jun. 2014)

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What is DWANGO 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. DWANGO Co.,'s Cost of Goods Sold for the three months ended in Jun. 2014 was 円5,664 Mil. DWANGO Co.,'s Average Total Inventories for the quarter that ended in Jun. 2014 was 円2,366 Mil. DWANGO Co.,'s Inventory Turnover for the quarter that ended in Jun. 2014 was 2.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. DWANGO Co.,'s Days Inventory for the three months ended in Jun. 2014 was 38.12.

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. DWANGO Co.,'s Inventory-to-Revenue for the quarter that ended in Jun. 2014 was 0.24.

DWANGO Co., Inventory Turnover Historical Data

The historical data trend for DWANGO 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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DWANGO Co., Inventory Turnover Chart

DWANGO Co., Annual Data

Trend

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Inventory Turnover

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28.91

16.51

19.72

29.24

22.66

DWANGO Co., Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Inventory Turnover	Get a 7-Day Free Trial															7.11	5.09	2.97	2.90	2.39

DWANGO Co., Inventory Turnover Calculation

DWANGO Co.,'s Inventory Turnover for the fiscal year that ended in Sep. 2013 is calculated as

	Inventory Turnover (A: Sep. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2013 )	/ (	(Total Inventories (A: Sep. 2012 )	+	Total Inventories (A: Sep. 2013 ))	/	count )
=	20432.951	/ (	(589.56	+	1213.633)	/	2 )
=	20432.951	/	901.5965
=	22.66

DWANGO Co.,'s Inventory Turnover for the quarter that ended in Jun. 2014 is calculated as

	Inventory Turnover (Q: Jun. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2014 )	/ (	(Total Inventories (Q: Mar. 2014 )	+	Total Inventories (Q: Jun. 2014 ))	/	count )
=	5663.93	/ (	(2020.576	+	2711.294)	/	2 )
=	5663.93	/	2365.935
=	2.39

DWANGO Co., (TSE:3715) 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.

DWANGO Co.,'s Days Inventory for the three months ended in Jun. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2014 )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
	=	2365.935	/	5663.93	*	365 / 4
	=	38.12

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.

DWANGO Co.,'s Inventory to Revenue for the quarter that ended in Jun. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2014 )	/	Revenue (Q: Jun. 2014 )
	=	2365.935	/	9994.667
	=	0.24

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.

DWANGO Co., Inventory Turnover Related Terms

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DWANGO Co., (TSE:3715) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » DWANGO Co., Ltd. (TSE:3715) » Definitions » Inventory Turnover

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Address

Website

http://info.dwango.co.jp

DWANGO Co., Ltd. provides Internet content through cellular phones. The Company also plans, develops and manages network entertainment systems.

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