ibis (TSE:9343) Inventory Turnover : 1,424.36 (As of Mar. 2024)

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What is ibis 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. ibis's Cost of Goods Sold for the three months ended in Mar. 2024 was 円446 Mil. ibis's Average Total Inventories for the quarter that ended in Mar. 2024 was 円0 Mil. ibis's Inventory Turnover for the quarter that ended in Mar. 2024 was 1,424.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ibis's Days Inventory for the three months ended in Mar. 2024 was 0.06.

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. ibis's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

ibis Inventory Turnover Historical Data

The historical data trend for ibis'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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ibis Inventory Turnover Chart

ibis Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

3,828.43

1,354.79

1,547.22

4,805.98

ibis Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial				1,334.53	1,535.67	1,715.67	1,533.63	1,424.36

ibis Inventory Turnover Calculation

ibis'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 )
=	1492.256	/ (	(0.268	+	0.353)	/	2 )
=	1492.256	/	0.3105
=	4,805.98

ibis'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 )
=	445.824	/ (	(0.353	+	0.273)	/	2 )
=	445.824	/	0.313
=	1,424.36

ibis (TSE:9343) 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.

ibis'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
	=	0.313	/	445.824	*	365 / 4
	=	0.06

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.

ibis'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 )
	=	0.313	/	1174.534
	=	0.00

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.

ibis Inventory Turnover Related Terms

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ibis (TSE:9343) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ibis Inc (TSE:9343) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-17-34 Meieki, Nakamo building 4th Floor/ 7th Floor, Nakamura-ku, Aichi, Nagoya, JPN, 450-0002

Website

https://www.ibis.ne.jp

ibis Inc is engaged in the mobile and solution business. Mobile business includes development and service operation of the mobile painting application ibisPaint and Solutions business includes IT engineer dispatch service and entrusted development services.

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