Laox Holdings Co (TSE:8202) Inventory Turnover : 1.28 (As of Mar. 2024)

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What is Laox Holdings 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. Laox Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円8,661 Mil. Laox Holdings Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円6,763 Mil. Laox Holdings Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Laox Holdings Co's Days Inventory for the three months ended in Mar. 2024 was 71.25.

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. Laox Holdings Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.53.

Laox Holdings Co Inventory Turnover Historical Data

The historical data trend for Laox Holdings 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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Laox Holdings Co Inventory Turnover Chart

Laox Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.26

4.94

8.53

10.48

7.98

Laox Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.94	1.73	1.44	1.90	1.28

Laox Holdings Co Inventory Turnover Calculation

Laox Holdings Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	42064	/ (	(3806	+	6737)	/	2 )
=	42064	/	5271.5
=	7.98

Laox Holdings Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	8661	/ (	(6737	+	6788)	/	2 )
=	8661	/	6762.5
=	1.28

Laox Holdings Co (TSE:8202) 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.

Laox Holdings Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	6762.5	/	8661	*	365 / 4
	=	71.25

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.

Laox Holdings Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	6762.5	/	12770
	=	0.53

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.

Laox Holdings Co Inventory Turnover Related Terms

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Laox Holdings Co (TSE:8202) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Laox Holdings Co Ltd (TSE:8202) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

15F Sumitomo Shibakoen Building, 2-7-17 Shiba, Minato-ku, Tokyo, JPN

Website

http://www.laox.co.jp

Laox Holdings Co Ltd is a Japan-based Duty-Free store company. It is engaged in the Retail business, Lifestyle fashion business, Entertainment business, and SC development project. The Retail business includes various products which it sells in real stores and through online sales, Lifestyle fashion business consists fashion related products along with interior goods, and others. The Entertainment business involves platforms such as eating, drinking, leisure, sports facilities and services such as restaurants and transportation, and the SC development project operates and manages complex commercial facilities.

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