CE Holdings Co (TSE:4320) Inventory Turnover : 11.71 (As of Mar. 2024)

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What is CE 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. CE Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円3,793 Mil. CE Holdings Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円324 Mil. CE Holdings Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 11.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CE Holdings Co's Days Inventory for the three months ended in Mar. 2024 was 7.79.

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. CE Holdings Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

CE Holdings Co Inventory Turnover Historical Data

The historical data trend for CE 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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CE Holdings Co Inventory Turnover Chart

CE Holdings Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Inventory Turnover

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26.46

18.58

21.13

33.93

44.46

CE Holdings Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															6.59	10.62	8.03	11.71	-

CE Holdings Co Inventory Turnover Calculation

CE Holdings Co's Inventory Turnover for the fiscal year that ended in Sep. 2024 is calculated as

	Inventory Turnover (A: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2024 )	/ (	(Total Inventories (A: Sep. 2023 )	+	Total Inventories (A: Sep. 2024 ))	/	count )
=	11188.911	/ (	(235.829	+	267.487)	/	2 )
=	11188.911	/	251.658
=	44.46

CE Holdings Co'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 )
=	3793.091	/ (	(361.713	+	286.181)	/	2 )
=	3793.091	/	323.947
=	11.71

CE Holdings Co (TSE:4320) 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.

CE Holdings Co'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
	=	323.947	/	3793.091	*	365 / 4
	=	7.79

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.

CE Holdings Co'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 )
	=	323.947	/	4899.718
	=	0.07

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.

CE Holdings Co Inventory Turnover Related Terms

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CE Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CE Holdings Co Ltd (TSE:4320) » Definitions » Inventory Turnover

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Address

15-1-21 Heiwa Dori Kita, Shiroishi-ku, Sapporo, JPN, 003-0029

Website

http://www.ce-hd.co.jp

CE Holdings Co Ltd is a Japan-based company engages in the development and sale of medical information systems focused on electronic medical record systems. It provides packaged software, medical information and accounting systems, electronic health record systems, and blood transfusion systems.

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