Bit-isle (TSE:3811) Inventory Turnover : 0.89 (As of Jul. 2015)

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What is Bit-isle 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. Bit-isle's Cost of Goods Sold for the three months ended in Jul. 2015 was 円3,398 Mil. Bit-isle's Average Total Inventories for the quarter that ended in Jul. 2015 was 円3,825 Mil. Bit-isle's Inventory Turnover for the quarter that ended in Jul. 2015 was 0.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bit-isle's Days Inventory for the three months ended in Jul. 2015 was 102.72.

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. Bit-isle's Inventory-to-Revenue for the quarter that ended in Jul. 2015 was 0.88.

Bit-isle Inventory Turnover Historical Data

The historical data trend for Bit-isle'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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Bit-isle Inventory Turnover Chart

Bit-isle Annual Data

Trend

Jul08

Jul09

Jul10

Jul11

Jul12

Jul13

Jul14

Jul15

Inventory Turnover

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1,668.29

1,835.29

Bit-isle Quarterly Data
	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15
Inventory Turnover	Get a 7-Day Free Trial															-	1.98	1.88	1.19	0.89

Bit-isle Inventory Turnover Calculation

Bit-isle's Inventory Turnover for the fiscal year that ended in Jul. 2015 is calculated as

	Inventory Turnover (A: Jul. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2015 )	/ (	(Total Inventories (A: Jul. 2014 )	+	Total Inventories (A: Jul. 2015 ))	/	count )
=	13788	/ (	(0	+	0)	/	1 )
=	13788	/	0
=	N/A

Bit-isle's Inventory Turnover for the quarter that ended in Jul. 2015 is calculated as

	Inventory Turnover (Q: Jul. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2015 )	/ (	(Total Inventories (Q: Apr. 2015 )	+	Total Inventories (Q: Jul. 2015 ))	/	count )
=	3398	/ (	(3825	+	0)	/	1 )
=	3398	/	3825
=	0.89

Bit-isle (TSE:3811) 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.

Bit-isle's Days Inventory for the three months ended in Jul. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2015 )	/	Cost of Goods Sold (Q: Jul. 2015 )	*	Days in Period
	=	3825	/	3398	*	365 / 4
	=	102.72

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.

Bit-isle's Inventory to Revenue for the quarter that ended in Jul. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2015 )	/	Revenue (Q: Jul. 2015 )
	=	3825	/	4333
	=	0.88

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.

Bit-isle Inventory Turnover Related Terms

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Bit-isle (TSE:3811) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Bit-isle Inc (TSE:3811) » Definitions » Inventory Turnover

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Address

Website

http://www.bit-isle.co.jp

Bit-isle Inc is engaged in the data center business, eveloping a comprehensive business IT outsourcing services to the axis 3 iDC services, managed services and solutions services.

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