Lihit Lab (TSE:7975) Inventory Turnover : 0.78 (As of May. 2024)

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What is Lihit Lab 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. Lihit Lab's Cost of Goods Sold for the three months ended in May. 2024 was 円1,894 Mil. Lihit Lab's Average Total Inventories for the quarter that ended in May. 2024 was 円2,443 Mil. Lihit Lab's Inventory Turnover for the quarter that ended in May. 2024 was 0.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lihit Lab's Days Inventory for the three months ended in May. 2024 was 117.68.

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. Lihit Lab's Inventory-to-Revenue for the quarter that ended in May. 2024 was 0.91.

Lihit Lab Inventory Turnover Historical Data

The historical data trend for Lihit Lab'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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Lihit Lab Inventory Turnover Chart

Lihit Lab Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Inventory Turnover

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2.51

2.29

2.36

2.25

2.33

Lihit Lab Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Inventory Turnover	Get a 7-Day Free Trial															0.71	0.56	0.56	0.59	0.78

Lihit Lab Inventory Turnover Calculation

Lihit Lab'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 )
=	6279.904	/ (	(2839.883	+	2554.728)	/	2 )
=	6279.904	/	2697.3055
=	2.33

Lihit Lab's Inventory Turnover for the quarter that ended in May. 2024 is calculated as

	Inventory Turnover (Q: May. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: May. 2024 )	/ (	(Total Inventories (Q: Feb. 2024 )	+	Total Inventories (Q: May. 2024 ))	/	count )
=	1894.008	/ (	(2554.728	+	2330.485)	/	2 )
=	1894.008	/	2442.6065
=	0.78

Lihit Lab (TSE:7975) 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.

Lihit Lab's Days Inventory for the three months ended in May. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2024 )	/	Cost of Goods Sold (Q: May. 2024 )	*	Days in Period
	=	2442.6065	/	1894.008	*	365 / 4
	=	117.68

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.

Lihit Lab's Inventory to Revenue for the quarter that ended in May. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2024 )	/	Revenue (Q: May. 2024 )
	=	2442.6065	/	2694.467
	=	0.91

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.

Lihit Lab Inventory Turnover Related Terms

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Lihit Lab Business Description

Industry

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Address

1-1-22 Farmer Bridge Chuo-ku, Osaka, JPN, 540-8526

Website

http://www.lihit-lab.com

Lihit Lab., Inc. is engaged in manufacturing and selling office supplies in Japan and internationally. Its products include files, clear books, clear cases, bag cases, and note binders; card holders, pencil cases, photo postcard albums, clip files, clipboards, and schedule files; drawing organize supplies and steel office equipment; OA and medical surprise products; and office devices.

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