EM Systems Co (TSE:4820) Inventory Turnover : 2.24 (As of Dec. 2023)

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What is EM Systems 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. EM Systems Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円2,668 Mil. EM Systems Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円1,192 Mil. EM Systems Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EM Systems Co's Days Inventory for the three months ended in Dec. 2023 was 40.75.

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. EM Systems Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

EM Systems Co Inventory Turnover Historical Data

The historical data trend for EM Systems 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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EM Systems Co Inventory Turnover Chart

EM Systems Co Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Inventory Turnover

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42.06

38.93

40.42

16.91

9.76

EM Systems 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															2.75	1.58	1.65	2.00	2.24

EM Systems Co Inventory Turnover Calculation

EM Systems Co's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	8644	/ (	(688	+	1084)	/	2 )
=	8644	/	886
=	9.76

EM Systems 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 )
=	2668	/ (	(1247	+	1136)	/	2 )
=	2668	/	1191.5
=	2.24

EM Systems Co (TSE:4820) 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.

EM Systems 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
	=	1191.5	/	2668	*	365 / 4
	=	40.75

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.

EM Systems 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 )
	=	1191.5	/	5157
	=	0.23

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.

EM Systems Co Inventory Turnover Related Terms

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EM Systems Co (TSE:4820) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » EM Systems Co Ltd (TSE:4820) » Definitions » Inventory Turnover

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EMO:Germany

Address

Osaka Miyahara 1-chome, sixth No. 1 Shin-Osaka brick building, Yodogawa-ku, Osaka, JPN, 532-0003

Website

http://www.emsystems.co.jp

EM Systems Co Ltd is a Japan-based company. Along with its subsidiaries, the firm is engaged in the development, sales, and maintenance of computer software for medical business. It operates its business in three divisions Dispensing system business develops and sells systems for pharmacies. Medical system business develops and sells medical office processing computer system for medical institutions, mainly clinics, and provides supplementary supply and maintenance service. Other business division develops, sell and maintain maintenance service for medical care nursing collaboration solutions and systems for nursing care service providers.

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