Imi Co., (TSE:7503) Inventory Turnover : 1.17 (As of Jun. 2013)

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What is Imi 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. Imi Co.,'s Cost of Goods Sold for the three months ended in Jun. 2013 was 円938 Mil. Imi Co.,'s Average Total Inventories for the quarter that ended in Jun. 2013 was 円800 Mil. Imi Co.,'s Inventory Turnover for the quarter that ended in Jun. 2013 was 1.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Imi Co.,'s Days Inventory for the three months ended in Jun. 2013 was 77.79.

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. Imi Co.,'s Inventory-to-Revenue for the quarter that ended in Jun. 2013 was 0.45.

Imi Co., Inventory Turnover Historical Data

The historical data trend for Imi 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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Imi Co., Inventory Turnover Chart

Imi Co., Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Inventory Turnover

3.79

4.47

5.18

5.94

Imi Co., Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13
Inventory Turnover	Get a 7-Day Free Trial						1.16	1.35	1.63	3.73	1.17

Imi Co., Inventory Turnover Calculation

Imi Co.,'s Inventory Turnover for the fiscal year that ended in Dec. 2012 is calculated as

	Inventory Turnover (A: Dec. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2012 )	/ (	(Total Inventories (A: Dec. 2011 )	+	Total Inventories (A: Dec. 2012 ))	/	count )
=	3945.712	/ (	(727.414	+	601.514)	/	2 )
=	3945.712	/	664.464
=	5.94

Imi Co.,'s Inventory Turnover for the quarter that ended in Jun. 2013 is calculated as

	Inventory Turnover (Q: Jun. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2013 )	/ (	(Total Inventories (Q: Mar. 2013 )	+	Total Inventories (Q: Jun. 2013 ))	/	count )
=	937.982	/ (	(766.237	+	833.001)	/	2 )
=	937.982	/	799.619
=	1.17

Imi Co., (TSE:7503) 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.

Imi Co.,'s Days Inventory for the three months ended in Jun. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2013 )	/	Cost of Goods Sold (Q: Jun. 2013 )	*	Days in Period
	=	799.619	/	937.982	*	365 / 4
	=	77.79

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.

Imi Co.,'s Inventory to Revenue for the quarter that ended in Jun. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2013 )	/	Revenue (Q: Jun. 2013 )
	=	799.619	/	1778.785
	=	0.45

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.

Imi Co., Inventory Turnover Related Terms

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Imi Co., (TSE:7503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Imi Co., Ltd. (TSE:7503) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Website

http://www.imimed.co.jp

Imi Co., Ltd., is engaged in import, sale, maintenance & rental of medical equipment such as lung ventilators & accessories, homecare ventilators, anesthesia machines, among others and also provides medical education & training equipment.

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