QB Net Holdings Co (TSE:6571) Inventory Turnover : 15.39 (As of Mar. 2024)

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What is QB Net Holdings 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. QB Net Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円4,671 Mil. QB Net Holdings Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円304 Mil. QB Net Holdings Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 15.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. QB Net Holdings Co's Days Inventory for the three months ended in Mar. 2024 was 5.93.

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. QB Net Holdings Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

QB Net Holdings Co Inventory Turnover Historical Data

The historical data trend for QB Net Holdings 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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QB Net Holdings Co Inventory Turnover Chart

QB Net Holdings Co Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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152.50

114.01

120.39

168.76

106.15

QB Net Holdings 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															19.93	18.38	20.02	19.00	15.39

QB Net Holdings Co Inventory Turnover Calculation

QB Net Holdings Co's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	17461	/ (	(92	+	237)	/	2 )
=	17461	/	164.5
=	106.15

QB Net Holdings 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 )
=	4671	/ (	(269	+	338)	/	2 )
=	4671	/	303.5
=	15.39

QB Net Holdings Co (TSE:6571) 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.

QB Net Holdings 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
	=	303.5	/	4671	*	365 / 4
	=	5.93

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.

QB Net Holdings 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 )
	=	303.5	/	5935
	=	0.05

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.

QB Net Holdings Co Inventory Turnover Related Terms

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QB Net Holdings Co (TSE:6571) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » QB Net Holdings Co Ltd (TSE:6571) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 12, Shibuya 2 - Chome, Nagai Building 7th Floor, Tokyo, JPN, 150-0002

Website

http://www.qbnet.jp

QB Net Holdings Co Ltd is engaged in hairdressing services. The company's brand profile includes QB House, QB Global, FaSS, and other brands such as LogiThcut PROFESSIONAL STYLIST SCHOOL and QB House Visit Beauty Salon . QB House is for the people who need short-term and low price services. QB Global is for the overseas people, and FaSS is for women and young people.

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