Core Concept Technologies (TSE:4371) Inventory Turnover : 68.83 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Core Concept Technologies 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. Core Concept Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was 円3,227 Mil. Core Concept Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was 円47 Mil. Core Concept Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 68.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Core Concept Technologies's Days Inventory for the three months ended in Mar. 2024 was 1.33.

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. Core Concept Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

Core Concept Technologies Inventory Turnover Historical Data

The historical data trend for Core Concept Technologies'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.

Core Concept Technologies Inventory Turnover Chart

Core Concept Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

226.30

286.27

95.59

113.88

251.91

Core Concept Technologies Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial									74.43	78.34	46.09	53.03	68.83

Core Concept Technologies Inventory Turnover Calculation

Core Concept Technologies's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	11605.941	/ (	(52.571	+	39.573)	/	2 )
=	11605.941	/	46.072
=	251.91

Core Concept Technologies'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 )
=	3226.955	/ (	(39.573	+	54.191)	/	2 )
=	3226.955	/	46.882
=	68.83

Core Concept Technologies (TSE:4371) 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.

Core Concept Technologies'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
	=	46.882	/	3226.955	*	365 / 4
	=	1.33

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.

Core Concept Technologies'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 )
	=	46.882	/	4437.93
	=	0.01

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.

Core Concept Technologies Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Core Concept Technologies's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Core Concept Technologies (TSE:4371) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Core Concept Technologies Inc (TSE:4371) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-16-15 Minamiikebukuro, Toshima-ku, Tokyo, JPN, 171-0022

Website

https://www.cct-inc.co.jp

Core Concept Technologies Inc is involved in the digital transformation realization support in areas such as manufacturing and construction industries and supporting information technology human resource procurement.

Core Concept Technologies (TSE:4371) Headlines

No Headlines