Frontier International (TSE:7050) Inventory Turnover : 8.15 (As of Jan. 2024)

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What is Frontier International 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. Frontier International's Cost of Goods Sold for the three months ended in Jan. 2024 was 円3,171 Mil. Frontier International's Average Total Inventories for the quarter that ended in Jan. 2024 was 円389 Mil. Frontier International's Inventory Turnover for the quarter that ended in Jan. 2024 was 8.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Frontier International's Days Inventory for the three months ended in Jan. 2024 was 11.19.

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. Frontier International's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.10.

Frontier International Inventory Turnover Historical Data

The historical data trend for Frontier International'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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Frontier International Inventory Turnover Chart

Frontier International Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Inventory Turnover

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111.37

114.14

158.91

131.41

70.52

Frontier International Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															8.89	12.75	6.08	7.98	8.15

Frontier International Inventory Turnover Calculation

Frontier International's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Inventory Turnover (A: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2023 )	/ (	(Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )
=	12941.911	/ (	(207.48	+	159.548)	/	2 )
=	12941.911	/	183.514
=	70.52

Frontier International's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	3171.252	/ (	(342.044	+	435.836)	/	2 )
=	3171.252	/	388.94
=	8.15

Frontier International (TSE:7050) 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.

Frontier International's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	388.94	/	3171.252	*	365 / 4
	=	11.19

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.

Frontier International's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	388.94	/	3965.111
	=	0.10

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.

Frontier International Inventory Turnover Related Terms

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Frontier International (TSE:7050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Frontier International Inc (TSE:7050) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-3-5 Shibuya, NBF Shibuya East, Shibuya-ku, Tokyo, JPN, 150-0002

Website

http://www.frontier-i.co.jp

Frontier International Inc is engaged in planning, production, and management of promotion business. The company offers Event Promotion, Digital promotion, Personal Selling, Premium promotion, Space Produce, and Public Relations services.

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