Hikari Tsushin (TSE:9435) Inventory Turnover : 30.81 (As of Mar. 2024)

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What is Hikari Tsushin 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. Hikari Tsushin's Cost of Goods Sold for the three months ended in Mar. 2024 was 円76,441 Mil. Hikari Tsushin's Average Total Inventories for the quarter that ended in Mar. 2024 was 円2,481 Mil. Hikari Tsushin's Inventory Turnover for the quarter that ended in Mar. 2024 was 30.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hikari Tsushin's Days Inventory for the three months ended in Mar. 2024 was 2.96.

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. Hikari Tsushin's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Hikari Tsushin Inventory Turnover Historical Data

The historical data trend for Hikari Tsushin'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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Hikari Tsushin Inventory Turnover Chart

Hikari Tsushin Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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91.90

134.36

154.68

147.57

109.94

Hikari Tsushin 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															38.39	21.76	29.62	27.73	30.81

Hikari Tsushin Inventory Turnover Calculation

Hikari Tsushin's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	286778	/ (	(2927	+	2290)	/	2 )
=	286778	/	2608.5
=	109.94

Hikari Tsushin'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 )
=	76441	/ (	(2672	+	2290)	/	2 )
=	76441	/	2481
=	30.81

Hikari Tsushin (TSE:9435) 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.

Hikari Tsushin'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
	=	2481	/	76441	*	365 / 4
	=	2.96

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.

Hikari Tsushin'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 )
	=	2481	/	155260
	=	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.

Hikari Tsushin Inventory Turnover Related Terms

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Hikari Tsushin (TSE:9435) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hikari Tsushin Inc (TSE:9435) » Definitions » Inventory Turnover

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HKTGF:USA HIK:Germany

Address

Hikari West Gate Building, 1-4-10, Nishi Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0021

Website

http://www.hikari.co.jp

Hikari Tsushin Inc is a Japanese company that provides services such networking and automation products offers individual insurance plans for small and medium-size enterprises. The company has three reporting segments: corporate, shop and insurance. The corporate segment offers products such as Wi-Fi routers, SIM cards, water coolers and LED lighting. Revenue is evenly split between the corporate and shop segments with insurance adding a small portion. The company earns the vast majority of its revenue in Japan.

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