Medical System Network Co (TSE:4350) Inventory Turnover : 2.84 (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is Medical System Network 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. Medical System Network Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円17,285 Mil. Medical System Network Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円6,087 Mil. Medical System Network Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Medical System Network Co's Days Inventory for the three months ended in Dec. 2023 was 32.13.

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. Medical System Network Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.20.

Medical System Network Co Inventory Turnover Historical Data

The historical data trend for Medical System Network 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.

* Premium members only.

Medical System Network Co Inventory Turnover Chart

Medical System Network Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

Get a 7-Day Free Trial

14.60

13.72

13.33

12.59

12.50

Medical System Network Co 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															2.84	2.89	2.87	2.84	2.86

Medical System Network Co Inventory Turnover Calculation

Medical System Network Co's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	67436	/ (	(5253	+	5539)	/	2 )
=	67436	/	5396
=	12.50

Medical System Network 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 )
=	17285	/ (	(5718	+	6456)	/	2 )
=	17285	/	6087
=	2.84

Medical System Network Co (TSE:4350) 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.

Medical System Network 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
	=	6087	/	17285	*	365 / 4
	=	32.13

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.

Medical System Network 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 )
	=	6087	/	29714
	=	0.20

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.

Medical System Network Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Medical System Network Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Medical System Network Co (TSE:4350) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Medical System Network Co Ltd (TSE:4350) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

AKK floor Building 6 at 3-chome, Kita 24-jo Nishi 10, Chuo-ku, Sapporo, JPN, 060-0010

Website

http://www.msnw.co.jp

Medical System Network Co Ltd is involved in its network business of dispensing pharmacy business. It also operates a network database used by pharmacies to access patients' prescriptions. It operates through the following business divisions: Pharmaceutical Product Network; Dispensing Pharmacy; Leasing and Equipment-related Business; Food Supply business and others.

Medical System Network Co (TSE:4350) Headlines

No Headlines