CTS Co (TSE:4345) Inventory Turnover : 3.46 (As of Dec. 2023)

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What is CTS 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. CTS Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,301 Mil. CTS Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円377 Mil. CTS Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CTS Co's Days Inventory for the three months ended in Dec. 2023 was 26.41.

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. CTS Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

CTS Co Inventory Turnover Historical Data

The historical data trend for CTS 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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CTS Co Inventory Turnover Chart

CTS Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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8.55

8.46

11.93

13.76

15.78

CTS 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															3.50	3.34	4.17	3.80	3.46

CTS Co Inventory Turnover Calculation

CTS 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 )
=	5350	/ (	(312	+	366)	/	2 )
=	5350	/	339
=	15.78

CTS 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 )
=	1301	/ (	(438	+	315)	/	2 )
=	1301	/	376.5
=	3.46

CTS Co (TSE:4345) 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.

CTS 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
	=	376.5	/	1301	*	365 / 4
	=	26.41

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.

CTS 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 )
	=	376.5	/	2898
	=	0.13

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.

CTS Co Inventory Turnover Related Terms

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CTS Co (TSE:4345) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CTS Co Ltd (TSE:4345) » Definitions » Inventory Turnover

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Address

115 Kuriyasu, Nagano Prefecture, Ueda, JPN

Website

http://www.cts-h.co.jp

CTS Co Ltd is engaged in construction ICT, system business, survey measurement business, house furniture business and environmental safety business. The company offers products and services on rental basis specialized in the industry such as system equipment and communication lines. Its product offerings include cloud solution, color multi-function machine, inkjet printer, network cameras, personal computers equipped with functions suitable for the application, focusing on business models, among others.

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