Artience Co (TSE:4634) Inventory Turnover : 0.97 (As of Mar. 2024)

View and export this data going back to 1961. Start your Free Trial

What is Artience 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. Artience Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円64,157 Mil. Artience Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円66,156 Mil. Artience Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Artience Co's Days Inventory for the three months ended in Mar. 2024 was 94.09.

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. Artience Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.81.

Artience Co Inventory Turnover Historical Data

The historical data trend for Artience 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.

Artience Co Inventory Turnover Chart

Artience Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

4.51

4.23

4.34

4.12

3.90

Artience 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															0.89	0.93	1.00	1.01	0.97

Artience Co Inventory Turnover Calculation

Artience Co'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 )
=	258273	/ (	(67582	+	64718)	/	2 )
=	258273	/	66150
=	3.90

Artience 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 )
=	64157	/ (	(64718	+	67594)	/	2 )
=	64157	/	66156
=	0.97

Artience Co (TSE:4634) 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.

Artience 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
	=	66156	/	64157	*	365 / 4
	=	94.09

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.

Artience 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 )
	=	66156	/	81727
	=	0.81

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.

Artience Co Inventory Turnover Related Terms

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

Artience Co (TSE:4634) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Artience Co Ltd (TSE:4634) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-13 Kyobashi 2-chome, Chuo-ku, Tokyo, JPN, 104-8377

Website

https://schd.toyoinkgroup.com

Artience Co Ltd is a holding company whose subsidiaries manufacture and sell a variety of chemicals and inks. The firm organizes itself into various segments based on product type. The printing and information segment, which generates the Most revenue, sells printing inks used for ink-jet printers, newspapers, magazines, and other printed materials. The colorants and functional materials segment sells pigments, plastic colorants, and liquid crystal display color filter materials. The polymers and coatings segments sells coatings, adhesives, plastic resins, and can coatings. The packaging materials segment sells packaging inks used for food and consumer goods packaging. Most of Toyo Ink's revenue comes from Japan.

Artience Co (TSE:4634) Headlines

No Headlines