Hokuriku Electric Industry Co (TSE:6989) Inventory Turnover: 2.10 (As of Mar. 2026)

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TSE:6989 Hokuriku Electric Industry Co Ltd TSE:6989
65 GF Score
Price 円2,585.00
GF Value 円1,561.41
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Hokuriku Electric Industry Co Inventory Turnover?

Hokuriku Electric Industry Co TSE:6989 -0.88% 65 Inventory Turnover is 2.10 as of Mar. 2026. GuruFocus rates TSE:6989 with a GF Score™ of 65/100 and a GF Value™ of 円1,561.41 (Significantly Overvalued). The stock has 2 warning signs investors should review.

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. Hokuriku Electric Industry Co's Cost of Goods Sold for the six months ended in Mar. 2026 was 円18,238 Mil. Hokuriku Electric Industry Co's Average Total Inventories for the quarter that ended in Mar. 2026 was 円8,679 Mil. Hokuriku Electric Industry Co's Inventory Turnover for the quarter that ended in Mar. 2026 was 2.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hokuriku Electric Industry Co's Days Inventory for the six months ended in Mar. 2026 was 86.84.

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. Hokuriku Electric Industry Co's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.39.

Hokuriku Electric Industry Co  (TSE:6989) 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.

Hokuriku Electric Industry Co's Days Inventory for the six months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=8678.5/18238*365 / 2
=86.84

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.

Hokuriku Electric Industry Co's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=8678.5 / 22495
=0.39

* 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.

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.

Hokuriku Electric Industry Co Inventory Turnover Related Terms

Hokuriku Electric Industry Co Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Hokuriku Electric Industry 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.

Hokuriku Electric Industry Co Inventory Turnover Chart

Hokuriku Electric Industry Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.21 4.19 3.45 3.99 4.08

Hokuriku Electric Industry Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.73 1.91 2.04 1.97 2.10
TSE:6989
65GF Score
Hokuriku Electric Industry Co Ltd TSE:6989
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Hokuriku Electric Industry Co Inventory Turnover Calculation

Hokuriku Electric Industry Co's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=34616 / ((8107 + 8867) / 2 )
=34616 / 8487
=4.08

Hokuriku Electric Industry Co's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Sep. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=18238 / ((8490 + 8867) / 2 )
=18238 / 8678.5
=2.10

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 2.10 mean?
Hokuriku Electric Industry Co (TSE:6989) has a Inventory Turnover of 2.10 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Hokuriku Electric Industry Co and its competitors.
Is Hokuriku Electric Industry Co's Inventory Turnover too high?
Hokuriku Electric Industry Co's current Inventory Turnover is 2.10. Overall, Hokuriku Electric Industry Co has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokuriku Electric Industry Co's Inventory Turnover compare to APH and GLW?
Hokuriku Electric Industry Co's Inventory Turnover of 2.10 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Hardware company?
A good Inventory Turnover depends on the Hardware industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Hokuriku Electric Industry Co and its competitors. Hokuriku Electric Industry Co's current Inventory Turnover is 2.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokuriku Electric Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Hokuriku Electric Industry Co (TSE:6989) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,561.41, compared to a current price of 円2,585.00 — trading 65.6% above its estimated fair value. The current Inventory Turnover is 2.10. Hokuriku Electric Industry Co's overall GF Score™ is 65/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Hokuriku Electric Industry Co (TSE:6989), the current Inventory Turnover is 2.10 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hokuriku Electric Industry Co (TSE:6989) Overvalued in 2026?

Based on GuruFocus' analysis, Hokuriku Electric Industry Co stock appears to be overvalued. The current stock price of 円2,585.00 is trading 65.6% above its estimated GF Value™ of 円1,561.41. GuruFocus considers Hokuriku Electric Industry Co to be Significantly Overvalued.

Key valuation signals for TSE:6989:

  • Inventory Turnover: 2.10
  • GF Value™: 円1,561.41 vs. price of 円2,585.00 (65.6% above fair value)
  • GF Score™: 65/100 with 2 warning signs

No single metric tells the full story. See the TSE:6989 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hokuriku Electric Industry Co Business Description

Address 3158 Shimo-okubo, Toyama, JPN, 939-2292
Hokuriku Electric Industry Co Ltd operates in development, manufacturing and sales of electronic components such as Resistors, Sensors, Modules Printed Circuit Boards, Piezoelectric Buzzers, Tactile Switches, Thermistors and Varistors.
65GF Score

Get the complete analysis for TSE:6989

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円2,585.00
Price
円1,561.41
GF Value