Izumi Co (TSE:8273) Inventory Turnover : 2.33 (As of Nov. 2023)

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What is Izumi 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. Izumi Co's Cost of Goods Sold for the three months ended in Nov. 2023 was 円65,071 Mil. Izumi Co's Average Total Inventories for the quarter that ended in Nov. 2023 was 円27,936 Mil. Izumi Co's Inventory Turnover for the quarter that ended in Nov. 2023 was 2.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Izumi Co's Days Inventory for the three months ended in Nov. 2023 was 39.17.

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. Izumi Co's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.25.

Izumi Co Inventory Turnover Historical Data

The historical data trend for Izumi 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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Izumi Co Inventory Turnover Chart

Izumi Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Inventory Turnover

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18.92

20.03

20.56

22.97

11.88

Izumi Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Inventory Turnover	Get a 7-Day Free Trial															2.65	2.93	2.62	2.63	2.33

Izumi Co Inventory Turnover Calculation

Izumi Co's Inventory Turnover for the fiscal year that ended in Feb. 2023 is calculated as

	Inventory Turnover (A: Feb. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2023 )	/ (	(Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )
=	270611	/ (	(21157	+	24387)	/	2 )
=	270611	/	22772
=	11.88

Izumi Co'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 )
=	65071	/ (	(26441	+	29430)	/	2 )
=	65071	/	27935.5
=	2.33

Izumi Co (TSE:8273) 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.

Izumi Co'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
	=	27935.5	/	65071	*	365 / 4
	=	39.17

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.

Izumi Co'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 )
	=	27935.5	/	111499
	=	0.25

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.

Izumi Co Inventory Turnover Related Terms

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Izumi Co (TSE:8273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Izumi Co Ltd (TSE:8273) » Definitions » Inventory Turnover

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IZMIF:USA

Address

3-3-1 Futabanosato, Higashi-ku, Hiroshima, JPN, 732-8555

Website

http://izumi.co.jp

Izumi Co Ltd is engaged in operating shopping centres, general merchandising stores, clothing, household goods and food products. Most of the stores are located in Kyushu Region, Chugoku Region, and Shikoku Region in Japan. The company operates through segments including retail, retail-peripheral operations, and other. The retail segment is engaged in the retail business through shopping centres. The retail-peripheral operations segment consists of a credit and finance business, shop facility management, and restaurant operation, which deliver the vast majority of the business' income. The other segment includes wholesale and real estate operations.

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