CAREERLINK CO (TSE:6070) Inventory Turnover : 372.74 (As of Dec. 2023)

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What is CAREERLINK 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. CAREERLINK CO's Cost of Goods Sold for the three months ended in Dec. 2023 was 円8,232 Mil. CAREERLINK CO's Average Total Inventories for the quarter that ended in Dec. 2023 was 円22 Mil. CAREERLINK CO's Inventory Turnover for the quarter that ended in Dec. 2023 was 372.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CAREERLINK CO's Days Inventory for the three months ended in Dec. 2023 was 0.24.

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. CAREERLINK CO's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

CAREERLINK CO Inventory Turnover Historical Data

The historical data trend for CAREERLINK 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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CAREERLINK CO Inventory Turnover Chart

CAREERLINK CO Annual Data

Trend

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Inventory Turnover

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169.41

416.54

5,863.03

136.58

74.23

CAREERLINK CO Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															696.20	575.99	842.37	988.59	372.74

CAREERLINK CO Inventory Turnover Calculation

CAREERLINK CO's Inventory Turnover for the fiscal year that ended in Feb. 2021 is calculated as

	Inventory Turnover (A: Feb. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2021 )	/ (	(Total Inventories (A: Feb. 2020 )	+	Total Inventories (A: Feb. 2021 ))	/	count )
=	23761.618	/ (	(248.052	+	392.138)	/	2 )
=	23761.618	/	320.095
=	74.23

CAREERLINK 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 )
=	8232.435	/ (	(6.963	+	37.209)	/	2 )
=	8232.435	/	22.086
=	372.74

CAREERLINK CO (TSE:6070) 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.

CAREERLINK 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
	=	22.086	/	8232.435	*	365 / 4
	=	0.24

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.

CAREERLINK 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 )
	=	22.086	/	10561.622
	=	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.

CAREERLINK CO Inventory Turnover Related Terms

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CAREERLINK CO (TSE:6070) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CAREERLINK CO LTD (TSE:6070) » Definitions » Inventory Turnover

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Address

33rd Floor, Shinjuku Mitsui Building, 2-1-1, Nishi Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-0433

Website

http://www.careerlink.co.jp

CAREERLINK CO LTD provides human resources services in Japan. The company offers temporary staffing and outsourcing services for manufacturing and distribution companies. It supplies temporary workers for office work; helps companies with recruiting office workers; and performs outsourced tasks and provides other services. Its business comprises of BPO related business, CRM related business, General administrative business and Cleaning business of food processing, manufacturing processing buildings and hotels.

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