eREX Co (TSE:9517) Inventory Turnover : 22.44 (As of Dec. 2023)

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What is eREX 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. eREX Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円65,345 Mil. eREX Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円2,912 Mil. eREX Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 22.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. eREX Co's Days Inventory for the three months ended in Dec. 2023 was 4.07.

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. eREX Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

eREX Co Inventory Turnover Historical Data

The historical data trend for eREX 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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eREX Co Inventory Turnover Chart

eREX Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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93.56

88.61

132.64

135.22

108.17

eREX 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															31.42	27.48	28.53	22.44	22.80

eREX Co Inventory Turnover Calculation

eREX Co'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 )
=	254143	/ (	(2311	+	2388)	/	2 )
=	254143	/	2349.5
=	108.17

eREX Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	65345	/ (	(2721	+	3103)	/	2 )
=	65345	/	2912
=	22.44

eREX Co (TSE:9517) 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.

eREX Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	2912	/	65345	*	365 / 4
	=	4.07

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.

eREX Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2912	/	63411
	=	0.05

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.

eREX Co Inventory Turnover Related Terms

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eREX Co (TSE:9517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » eREX Co Ltd (TSE:9517) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

6HF:Germany

Address

2-2-1 Kyobashi, 14th Floor, Kyobashi Edglan, Chuo-ku, Tokyo, JPN, 104-0031

Website

http://www.erex.co.jp

eREX Co Ltd is a holding company that engages in the electrical power business. Its services include retail sales of power, power market transactions, and power development. In its electric power retail business, it involves in the retail of electric power at an inexpensive price than electric utilities. In its power supplies development business, it involves the planning, design, and construction of power-generating equipment.

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