Japan Reliance Service (TSE:4664) Inventory Turnover : 164.56 (As of Dec. 2023)

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What is Japan Reliance Service 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. Japan Reliance Service's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,529 Mil. Japan Reliance Service's Average Total Inventories for the quarter that ended in Dec. 2023 was 円9 Mil. Japan Reliance Service's Inventory Turnover for the quarter that ended in Dec. 2023 was 164.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Japan Reliance Service's Days Inventory for the three months ended in Dec. 2023 was 0.55.

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. Japan Reliance Service's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Japan Reliance Service Inventory Turnover Historical Data

The historical data trend for Japan Reliance Service'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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Japan Reliance Service Inventory Turnover Chart

Japan Reliance Service Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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521.01

593.34

572.64

555.93

622.06

Japan Reliance Service 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															169.43	151.99	200.44	170.78	164.56

Japan Reliance Service Inventory Turnover Calculation

Japan Reliance Service'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 )
=	4924.532	/ (	(7.833	+	8)	/	2 )
=	4924.532	/	7.9165
=	622.06

Japan Reliance Service'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 )
=	1529.166	/ (	(9.112	+	9.473)	/	2 )
=	1529.166	/	9.2925
=	164.56

Japan Reliance Service (TSE:4664) 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.

Japan Reliance Service'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
	=	9.2925	/	1529.166	*	365 / 4
	=	0.55

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.

Japan Reliance Service'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 )
	=	9.2925	/	1872.063
	=	0.00

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.

Japan Reliance Service Inventory Turnover Related Terms

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Japan Reliance Service (TSE:4664) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Japan Reliance Service Corp (TSE:4664) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

3-1-3 Higashiikebukuro, Sunshine City World Import Mart Building, 9th Floor, Toshima-ku, Tokyo, JPN, 170-8630

Website

http://www.trsc.co.jp

Japan Reliance Service Corp is engaged in the provision of building management services. It offers building maintenance, personnel services, care services, and facilities management services, among others. In addition, the company also offers nursing care services and security services.

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