HIDAY HIDAKA (TSE:7611) Inventory Turnover : 12.70 (As of Nov. 2023)

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What is HIDAY HIDAKA 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. HIDAY HIDAKA's Cost of Goods Sold for the three months ended in Nov. 2023 was 円3,482 Mil. HIDAY HIDAKA's Average Total Inventories for the quarter that ended in Nov. 2023 was 円274 Mil. HIDAY HIDAKA's Inventory Turnover for the quarter that ended in Nov. 2023 was 12.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HIDAY HIDAKA's Days Inventory for the three months ended in Nov. 2023 was 7.18.

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. HIDAY HIDAKA's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.02.

HIDAY HIDAKA Inventory Turnover Historical Data

The historical data trend for HIDAY HIDAKA'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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HIDAY HIDAKA Inventory Turnover Chart

HIDAY HIDAKA Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Inventory Turnover

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49.31

36.70

37.08

49.67

51.38

HIDAY HIDAKA Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															12.32	12.76	12.48	12.70	12.52

HIDAY HIDAKA Inventory Turnover Calculation

HIDAY HIDAKA's Inventory Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Inventory Turnover (A: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2024 )	/ (	(Total Inventories (A: Feb. 2023 )	+	Total Inventories (A: Feb. 2024 ))	/	count )
=	13683.752	/ (	(238.179	+	294.458)	/	2 )
=	13683.752	/	266.3185
=	51.38

HIDAY HIDAKA's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

	Inventory Turnover (Q: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2023 )	/ (	(Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )
=	3482.435	/ (	(269.017	+	279.22)	/	2 )
=	3482.435	/	274.1185
=	12.70

HIDAY HIDAKA (TSE:7611) 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.

HIDAY HIDAKA's Days Inventory for the three months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	274.1185	/	3482.435	*	365 / 4
	=	7.18

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.

HIDAY HIDAKA's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	274.1185	/	12299.33
	=	0.02

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.

HIDAY HIDAKA Inventory Turnover Related Terms

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HIDAY HIDAKA (TSE:7611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » HIDAY HIDAKA Corp (TSE:7611) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Building 6F, Saitama, JPN, 3-105

Website

http://www.hiday.co.jp

HIDAY HIDAKA Corp Is a Japan-based company principally engaged in the business of restaurant chains operation. It operates through its chain of Hidaka restaurants. The company through its stores in metropolitan areas, offers food menu which includes dishes like gyozo, ramen, Chinese rice, stir-fry dishes such as Mabo Tofu, dumplings and Chinese Donburu and other Chinese dishes. Ramen is the signboard menu of the company which is used along with soup, noodles, sliced chowder, Tonkotsu and chicken stock. Customers of the company range from students to businesspeople, late-shift workers, and seniors.

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